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Does Landlord Insurance cover Boiler?
As the title suggests really...I have been looking into paying for a boiler insurance package for tenants in a house I rent out but I was just wondering if Landlord Insurance covers Boiler Breakdown/Central Heating problems. I guess Boiler Breakdown is one thing landlords fear the most so it would make sense but you never…
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Landlord Discussion
Hi All, Just opening up a topic for LL to get some general feedback as to how you are getting on with your property/properties. I fell into being a LL by accident, I had just purchased a house and the company I worked for went into administration. I decided to rent out the house and to a really nice family, this was almost…
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House we are buying is both Freehold and Leasehold ? Help !!
As title really I am after some help/advice please. We are buying a repossessed house, so far everything seems to be going quite smoothly. Yesterday I received a copy of the title documents with a covering letter form my solicitor. In the letter she states the house is both freehold and leasehold and that most of the…
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financial advisor worries
Good morning all. I have some concerns about the FA we have appointed to help us through the maze of selling one house and buying another. The estate agent we are selling with offered us the use of the man they use,and as we are both working,we thought it would be easier to let him sort out the deals and then we would…
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Delayed completion on notice
Hi I had a question about delayed completion. I am in the process of buying a house. The vendor Mrs. D is in turn buying a new built. We exchanged contracts in August with an "on notice" completion with the understanding that CML for Mrs. D's new built would be in the third week of August and completion for our house would…
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Completion Day - around what time were you given keys?
So finally exchanged yesterday with completion date of 3rd nov, my solictor emailed me upon exchamge stating that on completion day I call him between 11:00-11:30 so to give idea when funds may be released. I've booked mover for 2ish, just wondered how it's panned out for others in terms of times they managed to finally…
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negotiation
I made an offer on a house on Saturday. Its asking price is 'Offer over £200k'. It is a new-built, less than 2 years old. The vendor is an investor. He bought the land and built the house. It was vacant since it was built. The house was on the market since this February, had 23 viewings and 2 offers. Both offers were…
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Sale fallen through :(
Hi all, Absolutely gutted to be posting that our purchase which has been going on since February fell through yesterday :( I haven't been posting throughout the purchase but have been on here reading occasionally, but here's the basic overview: We had offer expected on a flat we were in love with in feb, had mortgage…
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Buy to let
After inheriting £100K I am looking to buy a house with the purpose of a rental yield. My question is should I buy the house in full or get a buy to let mortgage like a local estate agent suggested. Surely the cost of setting up a mortgage and paying it off outweighs the profit returns For instance a £50 mortgage will cost…
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Looking at moving
Dont people find it kind of frustrating that when you are looking to move you cant find anything better then you already have! Makes you wonder if its even worth the hassle
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Waiting to exchange but received a repossession court order
Hi. Can anyone advise. We sold our house in June but it's been a nightmare. We are due to exchange any day now but today received a court order to start repossession. The hold up on exchange is between my buyer and his buyer. NRAM advised us they are gonna stop the sale and repossess if we don't clear the arrears before we…
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Finding out current property restrictions?
Hello, I'm in the throes of attempting my first purchase, and at this very last point I've been sent a document bundle from my solicitor including the original transfer from Birmingham Council to private ownership, way back in the 70's. This contains a bundle of restrictions, of which this one is of note: (5) Not to place…
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Cash back CHAPS charge
Our mortgage provider has given us £250 cashback apparently. How nice. It is £250 but our solicitor took £35 for chaps. I don't mind paying fees but how is it exactly cash back if solicitor takes a cut and we don't actually get the cash it merely is taken off our mortgage?
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Deed of variation - cost, time etc
I may have to get a deed of variation for the sale of my leasehold lfat, apparently there is nothing in the deeds to say who has to arrange the buildings insurance for it (even though I pay it and have done for the 10 years ive lived in it and its detailed and broken down in the invoices etc) I'm hoping it can be covered…
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Things our solicitor's still waiting for (buying leasehold) - any solicitors here?
Our solicitor's STILL waiting for answers to about five queries, from our vendor's solicitor. From what I can tell, they're waiting for answers to the following: * Copy accounts (it's leasehold - management company accounts) * Please confirm that all covenants and other obligations affecting the title have been fully…
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Private Let - Help Please
Hi all, hoping for some advice and/or reassurance, I'm driving myself crazy with worry. Might be worthwhile to note that we are in Scotland as I know the rules differ slightly depending on where you are. My partner & I have always been in housing association properties but have decided to spend a bit more monthly to get a…
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Housing association application homeless
PsHi all, My o/h and I are in temporary housing due to a homeless situation. We have been matched for a H/O house. We have had our interview and now they are asking for bank statements and a financial form. We don't recieve any benefits and work. Does anyone know if this is the norm? Many thanks for your time x
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Conset-to-let and Sabbatical?
I know the answer will vary from lender-to-lender, but if an opportunity comes up to take a 6-month Sabbatical, is it possible to get a consent-to-let, or is that only for people shifting house and staying in the UK? Currently going through buying a flat but would like to take a sabbatical for a short period in a year or…
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Changing address in middle of house sale
Hi, It's an odd question but hopefully one that's easy to answer. I'm in the process of selling my half of an inherited house. I'm sole executor and selling in that capacity rather than as an individual. I signed my paperwork a couple of weeks ago and I've been told the buyer did too. We've ended up in some kind of…
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Holiday Home...Rent or Buy?
It's always been a dream of mine to live in France. I've spent several extended stays there and love being part of the community. I'm coming up to retirement in a few years time, once I've cleared the debts, and will have a lump sum to be able to achieve this : if not full time living in France, at least longer stays. What…
