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Buying white goods separately in house purchase
Hopefully a simple question. - we have agreed with our vendor, via the EA, to pay for freestanding white goods they are prepared to leave in the house. Our property information form, completed by them before a price for white goods was agreed, says open to offers next to these items. Should I ask the solicitor to change…
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Lease extension offer based on RPI
Hello, I'm in the process of negotiating a lease extension on my flat. I've been in communications with my freeholder who have put forward two offers. The second offer being a response to my request for negotiations. The property is a 1 bedroom flat within a converted house. Value i would say around £100k at the moment.…
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6 months rent upfront
I moved into my flat in September last year, and as I was not working at the time, I was required to pay 6 months rent up front. I have recently had a letter asking if I wish to renew my tenancy - which I do. Yesterday I rushed over to the letting agent to pay the £60 renewal fee, to be told I have do pay then 6 months…
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Property in divorce
Dont know if this is allowed here but in a divorce if the family home is valued at £500,000 but there is a mortgage of £360,000 If the divorce asset split is 50/50 would the asset split be half the property value or half the value of the equity?
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Window solutions
So our new house is on a 30mph road. It's set back from the road by a driveway. The front room windows upstairs have double glazed windows and then secondary glazing. The bay window in the lounge has double glazed upvc windows. Not sure how old but seem to be in relatively good condition but may want new ones at some…
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Action to prevent burst pipes?
I have exchanged contracts to buy a property in West Yorkshire and complete on 10th Feb. The house has been empty since last July, the seller never having lived in it since it was an investment property. I'm concerned that I turn up on completion day to find burst pipe damage to the house. I contacted my solicitor for…
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Does it make any sense ?
Wondering to buy 1-2 or 3 bed property any where in England on cash around 50k-70k which can generate at least £500 a month on rent. Just curious.
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Paying Tender Fees
Hiya I have just had an offer accepted that I made as part of a "Sale by Tender". It came with an "introduction" fee of 2% +VAT (or £2000 whatever is greatest) payable to the estate agent on exchange of contracts. After negotiating hard on the sale price I reluctantly agreed to pay the intro fee; I had little choice if I…
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How to reduce tax on rental income
I have read some of the newbie landlord threads but i am still struggling somewhat and would really appreciate some advice on: a) how to reduce the amount of capital gains tax we could pay on rental income b) how to calculate taxable income, particularly how you calculate the 'interest only' component if the mortgage is…
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Renting house aiming to buy
Been looking at buying a house we are really interested in the one we have looked at but its higher price than we can borrow so the owner said that we could rent it for a while and the rent would reduce the amount owing for the value of the house . But how would this work we didn't really understand exactly what he meant ,…
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First time self employed buyer
Hi I will be a first time buyer later this year. I know the basics but feel quite lost. I have all bank statement prepared. I know I have to get certain certificates from HMRC. I have enough for deposit and some of the fees and furniture and know which areas I am looking at. My queries 1) is there anything else I should be…
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Paying a fee for someone to retain a house
Hello guys I have recently had a mortgage in principle with my partner then after making an offer the underwriter rejected the application. We were told it was very close and should only take a few months for the credit score to pass on my partners case ( not on the electoral roll ). Anyhow this leaves us in limbo , it's…
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mortgage and deeds question
Hi, I'm buying a new build house (leasehold) and the mortgage is only in my name. My partner of 10 years is going to be moving in with me and we have both contributed towards the deposit. Can the house be put in both our names on the deeds? My solicitor has sent me a joint purchase of property form with information about a…
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Charles Church/Persimmon Charges and Regs
I'm in the process of looking to move home. We've looked at a new build Charles Church property and after reading through the multitude of negative posts have second thoughts. Anyway, during our discussion with the sales rep he mentioned there will be an annual charge of over £200 for shared area maintenance and a culvert.…
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"Generous" Parking Provision?
I sometimes see this mentioned on EA info for average sized houses. Just curious to know what others would consider as generous. I would say parking for at least three average size cars.
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Applying for a mortgage.
Yesterday me and my boyfriend went to the bank to see if we could get a mortgage. We got accepted but due to my boyfriends credit score we have to have a 15% deposit. Will this be the same if we went to any bank to try or is there a possible chance they may want less deposit elsewhere? Thanks
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[UK] How badly will a debt management plan affect my ability to rent?
I entered into the plan about 2 years ago and have drastically changed the way I manage my money since then...f*ing payday loans. My main concern is preventing my mate who I move in with and live with currently (and everyone else I know) from finding out...I am terribly embarrassed and just want to move on from that period…
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Misrepresented Chain
I am in a chain that is going nowhere fast, 5 months down and we still haven't exchanged. When I instructed my Estate Agent I advised that we were in need of a quick sale. The house sold within 2 days and we were told that there were 2 other houses in the chain with the lower house sold. Two months into the sale we were…
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Securing a property...HELP!
I am currently at the end of a personal injury claim were I will be getting a substantial amount of money. I have found a property which me and my partner love. It is perfect for our family. I have been in contact with the home-owners who showed us around the property and told them we would be able to offer the full asking…
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sell your house before you get old
would it be wise to sell and spend everything b4 you get old and knacked and end up in a care home :beer:http://www.bbc.co.uk/news/health-30990913 this is the calculator to work it out
