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What would happen if there was a crash?
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Advice required - Change in terms to rented property
I have been renting a house since June last year, today I received an email from the agency informing me that from the 1st of March the landlord will be taking over the running of the property. How does this affect me legally? It is a managed property and the agency has done a very good job of getting someone out to us…
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Mortgage debt shortfall and effect on own property
It has not happened to me but just in case.... Suppose I own a BTL property on mortgage. For some reason, I wish to off load it (or for whatever reason bank repossess it). If the sold price is less than outstanding mortgage, I understand there will be a mortgage debt shortfall for which bank can pursue me. However, if I…
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Boiler not working no heating or hot water
Good morning everyone. On saturday my boiler packed up and i contacted my landlord regarding this and he sent a engineer round on Saturday to have a look at it, the engineer said it was more or less dead and a new boiler needs to be fitted. The question i have is how long am i allowed to be without heating and hot water.…
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Previous owner left things behind
I bought a house in November but the previous owner left some garden furniture behind. We were surprised to see it when we arrived and asked them if they were going to collect it. They said yes and gave a date but never showed up. I was wondering where I stand legally, can I throw it away? What about keeping it? Is there…
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Urgent help needed regarding lease!!
Hi, I was wondering if someone could please advise me on my situation. I moved into a private rented flat on the 3rd September 2014 on a 6 month AST fixed term lease. I am a bit confused regarding the wording of the rental agreement as the rental agreement actually shows that I have to pay 7 months rent as opposed to 6…
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New Build Date Brought Forward
Hi All, This is my first time buying a new build and I was told that the house would be ready Aug/Sept 2015, this was great and gave me time to save up the additional money required for the deposit etc. Just before Christmas I received a phone call advising me that the house will now be ready June/July - more likely June.…
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Neighbours From Hell - Advice Please
Hi all, I'm just after a bid of advice. Sorry about the massive essay in advance. We live in a terraced house and have neighbours on both sides. 1 set of neighbours can be quite noisy at times but on the whole are OK. On the other side, I think it's the official family from hell. My parents bought the house about 35 years…
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first time buyer advice
Myself and husband got married in july and have now started saving towards buying a house we currently have £3, 000 saved. We have around £700 debt between us its about 6 years old but the defaults started in the last 3 years as we paid them until then. Should we pay these off and how long will they take to come off of our…
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Worries re proceeds of house sale going to drug addict
A friend of mine is worried about her drug using grown-up child who is due some money from the sale of the house from my friend's deceased ex (ie the father of the my friend's daughter). My friend said she was going to try and take over the financial affairs but doesn’t think her daughter will allow this because there are…
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An essay on our buying and renting problems! Advice very welcome!
Hi Everyone, First time poster here, but i would love to get some advice. We have had some terrible experiences in the past 18 months with regards both buying and renting property and it looks like we may experience some more problems in 2015 unless we navigate carefully. In 2012 myself, my partner and 1 year old child…
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looking to buy a new house but theres a fee for a shared drive
Looking to buy a new build house from Miller homes, couple of issues I am unsure about. Firstly the house has a shared driveway with 1 other house and we would have to pay a monthly fee for the upkeep of the house. This is a little concerning because the monthly fee of 6.50 pounds is only fixed for 3 years, then its…
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Problems with Landlady at student let is there anything they can do.....
My son lives in a student let with 3 other students, one of whom is not mentioned as a tenant on contract because they are the son of the Landlady, they have no locks on their doors although this has been queried so were give a 2 drawer cabinet on wheels that locks - problem is the keys open each others! DS is in his…
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Right to buy small flat in a bad area?
Hi, To cut a long story short I was homeless a while back and thankfully after some very hard times got into a council flat. Fast forward to now and I have just gained the right to buy my flat at a 50% discount. The flat is worth about £60,000 and I have just under £30,000 in savings. To complicate things I just got…
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How much less do you offer below a guide price.
Seen a house for 140k but can only go to about 130k. Is there a general rule of how much less to offer like 10%? I believe the owner bought the house for 120k in 2011. So is the offer realistic or taking the mic?
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roof leak
Living in a property that is rented through the estate agent but I have regular contact with the landlord. We have been in 2 months but since moving in we have had countless problems. It's a new conversion flat which has its own problems but on top of that the work appears shoddy. Our current problems are: The bathplug…
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Advice on transfer of grandparents house
Hi there, I am looking for some advice regarding the transfer of my grandparents house. To cut a long story short my Nan and Grandad haven’t planned adequately for their retirement and they are now starting to struggle financially. The family have discussed it with them and whilst the logical and easiest solution would be…
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Would I be silly to not keep flat as a property to let?
Hi, *Apologies if this question has been covered in a previous thread* Basically me and my fiance live in a flat that I own with a small mortgage left on it. We're planning to move in the next year to somewhere bigger. From basic online research and my limited financial knowledge it seems that the two options are to either…
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Buying Parent's (Mortgaged) House
Looking for some advice on buying my parent's house. Thanks for all the information guys - I deleted the information as I didn't want this stuff left on the internet for people to see. It was simply a discussion for a later date :) Thanks again!
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Cannot rent due to debt/DMP
Hello. I would like some advice on renting a property. I am a single, 30 year old woman, and a health professional. I am on a debt management plan with PayPlan and have 1 CCJ, which is also on the DMP. It is going to take approx 8 years for me to wipe off all my debts on the DMP. I have spent the last 5 years living in…
