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Rental Deposits
Hi all, Do I have to take a deposit from a tenant? Will it cause me any issues if/when trying to issue a S21 notice?
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Rent increase on rental - when to come into effect?
Hi all, I started living in a rental property on 5th September 2012. Signed an initial 6mo contract, then 12mo, then another 12mo. Roll around 5th of this month, it was due again. However, the LA wanted to do our 6 monthly house inspection first. All fine, I was present during the check on Tuesday 18th, and the LA said the…
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Home insurance on Exchange of Contracts
I understand that on Exchange of Contracts the buyer has to have insurance in place, does that mean having two lots of insurance between Exchange and Completion, one on current house and the second on new house, will an insurance company do that for you?
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New Fixed Term Tenancy Agreement
My tenants are coming to the end of their one year fixed term AST and have told me they want to renew for another year, so I am issuing them with a new one year fixed term AST. Their deposit is already protected with the DPS and I'm aware I have to issue them the Prescribed Information again, which I will do. My question…
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2015 Budget
Just seen this on the BBC website "New "Help to Buy" ISA for first-time buyers will allow government to top up by £50 every £200 saved for a deposit" Does this mean if I have 10,000 in a save to buy isa, do an isa transfer over to their wonderful new save to buy isa I will get £2500???
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Serving a Section 21? Unprotected deposit taken before 2007
Hello all I am seeking possession of one of our rental properties as we are moving back to the area and need the house back to live in ourselves. AST has long since moved onto a periodic tenancy. Therefore I intended to serve a section 21(4) notice requesting possession after 31st July. However, I have read that a section…
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2 Houses - 1 With Loft Conversion, 1 Still to be Done
I am mulling over 2 houses, one is a 2 bed bungalow with space to convert the loft to further accomodation, 1 is a similar kind of property but with that work already done (it has 1 bedroom and a huge living area upstairs) The only thing I would do to this house is add a seperate ensuite upstairs. In the bungalow yet to be…
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FTB - New Build and Builders asking us to pay their solicitors cost?!
Afternoon All, A little advise please; We are FTB purchasing a new build property from Connolly Homes. Our solicitor has received the builders contracts and have stated the builders solicitors are making a charge of £250+VAT for the sending across of the contracts which they have told us to pay. I have friends and family…
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Mid-sold a flat
When I made an offer on a flat, I also emailed the Estate Agent and asked if it was an Ex-Local authority building. The response via email was "No it is not". I've now proceeded with the searches and found it is indeed ExLA. It's a small block on a nice road however, I didn't want the hassle of having the council as the…
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Sending deposit to Solicitor
Hello, I can imagine this being a really blonde question so I apologise in advance. My partner and I are in a position to exchange contracts. We have been advised to send across our deposit via our banks "telegraphic transfer system" and not by BACs as it may not be accepted due to the large deposit. I can imagine that…
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Estate Agents - Sole Agency Woes
We listed our flat on the market last month with a local estate agent (A), and whilst they were very pleasant and nice to deal with (a rare commodity amongst agents perhaps!?) they didn't seem to have the killer sales instincts, and despite living in a relatively new and desirable flat we received only a handful of…
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House renting problems
Right.....where to begin!! Me and my partner moved into a new flat on the 1st December on a 6 month tenancy. We noticed problems with the flat immediately. Mainly the heating. It is central heating but non of the radiators in the living room worked. It's a very old building with really high ceilings and massive windows so…
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Bidding Wars
Hi, I'm in the process of looking for a new house in the Manchester area but finding that houses in the most desirable yet affordable areas are going within days. We are off to view one today which went on the market on Monday. It looks perfect for what I'm looking for but the EA advised 25 viewings have already been…
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After Mortgage offer....what??
Hi, Another FTB question. I am in the process of buying my first house and the seller doesn't want to move till the end of November for personal reasons. I just think its a very long wait. Please could you let me know what the different stages are after mortgage offer is received? Thanks
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Buying a repossessed house
I am in the process of purchasing a repossessed house but im told it isn’t a standard purchase as the previous owners didn’t own it for more than 6 months. I've done a little research and believe it is called a ‘Pre-Sales’ or ‘SDLC Pre-Completion Transaction’ and is something to do with money laundering by the previous…
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When to instruct solicitor
Hi All, I have had an offer accepted on a property and the Estate Agent is pushing for my solicitors details (understandably) when would people recommend instructing the solicitor. Should I wait till the bank completes a survey OR should I instruct them anyway with a view not to proceed until the survey results have come…
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Have You Thought of Trying This ???
Are there any potential pitfalls to doing this....please.:eek: Buying some properties from auctions (property very cheap up here) renovating them and reselling afterwards.Is Tax an issue please??There seems to be a ready market for rental properties here.What is the percentage that keeps getting quoted as far as this…
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The next step in buying - viewings !
Thats for all the help so far everyone - it has really helped us to learn whats going on and put our minds at ease too :) After what seemed like bad news we now think its the push we may have needed being told we need to move out at some point : https://forums.moneysavingexpert.com/discussion/5192619 So yesterday we met…
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Land Registry Question
Just wondering when you buy a house and you register your name against that property with the land registry office will they do any searches themselves, in particular to see if you own any other properties?
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Private Road- pros and cons
What would be the pros and cons (if any) of buying a house on a 'private road' please?
