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Buy to let or Cash?
Hi I have £150k cash and was thinking of buying a property to rent out. I was then going to use the income to pay of my existing mortgage on my home as well as an investment. Is it better tax wise to buy outright or get a buy to let mortgage? I am a higher rate tax payer and have an existing mortgage of approx £155k on my…
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Shared Freehold loft conversion
Hi guys, I live in a large victorian house which is split into 6 flats, 4 in the house and another 2 in a converted music studio. My flat is the top floor of the house and has access to the loft space which is owned by the freeholders. The roof of the property needs some work doing, so I have proposed to the freeholders…
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Dealing with sitting tenants
Hello everyone, I have this situation: for two months, the five-member family would like to move into one of my houses. The problem is that they want to be alone, but I still have two tenants inside that house, and they have a contract for three more months. How to negotiate with these tenants? Is there a way to break the…
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Tenant - Moved out but in contract - council tax?
Hi Guys, I have moved out of the rented property on 19th of July 2014. My tenancy contract was valid till 1st of August and I paid the rent till 1st of August. I informed council that I moved out on 19 and they sent me the final council tax & I paid. Now the new tenant moved into that property on i think 5th Aug. Council…
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help! solicitors
has anyone used jmw solicitors? our mortgage company use certain lawyers. the one we were going with is now off their panel. offered premier property (bad reviews) and jmw solicitors (cant find many reviews)
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Landlord/new tenants say i owe, EDF says no?
I moved out of my old (privately rented) flat at the end of july this year. On move-out day I was unable to access the gas meter due to the cupboard being locked (it's never been locked before and no key to be seen) I was able to access the electric meter and gave a reading to EDF on the day, they said not to worry about…
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Transfer of Equity - Land Registry forms advice please
Hi, I jointly own a property, with mortgage with my ex partner. Him and his new partner are going to buy me out and have had approval from our mortgage lender to remove my name and replace it with hers subject to their fees. This part of the transfer has to be done using the mortgage lender's solicitor (apparently). Is it…
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contigent buidlings insurance
We are buying a leasehold maisonette in a block of four. There are no communal areas and each maisonette owner is responsible for insuring their own maisonette. Our solicitors want to see the other maisonette owners buildings insurances and leases and it is taken ages. Am I correct in thinking if we are getting nowhere…
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Buying a house with poor credit rating
My friend wants to buy a house, but his credit ratings aren’t that good. It was 580 the last time he checked and there are less for it to have improved. He has one collectors debt left which is is $700 which he plans to pay off before buying the house and he want to bring up my credit scores close to 700. He has been…
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Section 21 advice
3 months ago I issued my tenant a Section 21 notice as she was behind with the rent, on the agreement if she caught up by the date on the notice she could stay in the property. She paid all the outstanding rent up to date but a month later she is behind again. Do I have to re-issue the Section 21 giving another 2 months…
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Low income housing benefit.
Hey guys, I am looking to move out of my parents in the next 6 months. I have an appointment with the housing executive in a week. I have been told by a few people that you can claim housing benefit if you are on a low income level. I'm doing 30 hours average a week on minimum wage. It would just be me living on my own,…
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Can I force the freeholder to sell share of freehold?
Hello, I own a leasehold flat which has around 65 years remaining on the lease. The flat is part of a 1930's property which was converted into TWO flats several decades ago. The owner of the second flat is also the freeholder of the entire building. I would like to buy a share of the freehold because the present freeholder…
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Freeholder vs leaseholder responsibilities - rebuild garage?
Hello, I own a leasehold flat. My flat is one of two maisonettes which form part of a converted victorian house. I bought the flat 9 years ago. The freeholder also owns the lease on the second (upstairs) flat. My 'demised premises' consists of a ground floor garden flat with a very dilapidated freestanding garage. The…
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Can I live in a commercial property?
I know it's been asked before, at least on one occasion: https://forums.moneysavingexpert.com/discussion/2727359 but (I think) my case is different: I'm looking to buy a freehold commercial property which looks livable, and live there for at least a while... where do I stand legally, with the council, etc.? how do I find…
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Help to buy and renting it out?
I am in a position to buy a house under this scheme, I cannot afford a house without it. I do not plan on moving for 2-3 years but don't want to wait for prices to continue to rise. I know it is against the scheme to rent the house (under normal circumstances), but how do they check up? has anyone rented and been caught?…
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Can I remortage and use equity to buy second home?
Hi all, I currently live in a 2 bed semi with wife and we've been here for 5 years. I'm not too keen on the location anymore and we'd like to upgrade to a bigger home in a better area. At the same time I don't really want to sell this house. At the moment my house has been valued at £120,000 and I have £90,000 left to pay…
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What are your biggest property turn offs when viewing a house?
Mine are Dated kitchens/bathrooms Gardens that get no sun Badly designed conservatories that are ugly and take up most of the garden No parking
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auction
Does anyone knows what is involved when putting up a house for auction. Do you lose lots of money. Also are there any other avenues to sell a home. Are there any councils, charities etc that buy private homes.
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Conveyancing Help - Title question
Hi, Regretting the solicitor I chose for my conveyancing and don't want to delay the process by switching at this stage. Can someone let me know if I have understood the below part of the title I am buying correctly - The Property Register contains the below section - There are excluded from this registration the mines and…
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Council Tax (on departure)?
Hi folks, Hope someone can help with a couple of quick queries. I am completing on my flat sale on 31 October and moving in with friends (until my related purchase is ready - long delays unfortunately). I am notifying my council (Reading) that I will be moving on that date. I have currently made seven of ten instalments by…
