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Becoming a Landlord
I have always had a dream of getting into property. We are in the process of buying our first home, and already I am thinking I would love to save money and buy one or two terraced houses close to where I live in the city for young professionals / students. Are there any books you could recommend, or is there anyone on…
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Landlords Insurance
Hi I have been having difficulty getting quotes for landlords insurance as my case is apparently unique so any advice is welcome. I have an old Council flat that I let out. I bought ( not through right to buy ) and it currently has a tenant who is working. The flat is unfurnished apart from white goods and carpets /…
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Can you make an offer on a new build?
As the title suggests really? Are you able to lower the asking price on a new build? I have my first ever house viewing tonight!!!!
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If you already rent a house from the council, can you get a mortgage on another
Hi I rent a flat from the council but i was wondering if it was legal to buy another property using savings for a deposit and paying council rent and a mortgage simultaneously?
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Potential Tenancy Checks Scotland
Hi, We have a number of flat viewings for our rental property next week and we are first time landlords. * Looking for advice on the following: * What is the best way to do checks on potential tenants? Credit check, 2 forms of ID? references? * Do we do this before we would take a deposit? * Now, if we dont wish to…
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Gigantic bill from the council for Major Works
Hi Guys - guidance needed please! I bought a tiny flat virtually in zone 1 central London (thanks to Mum and Dad) about ten years ago. last year i started receiving many letters regarding major works taking place to this block this year and that leaseholders will be liable to costs. In this small block (30 flats) there are…
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Refurb costs? Pipe dream?
I'm considering offering on a Victorian terrace that needs are large amount of work. I love the house, but don't think it will have enough money left after purchase to do all the work I need. Will have about 15k left to do refurbishments. Everything needs doing, but mainly new kitchen. Would ideally like to extend the…
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Charges to leave flat - legitimate or not?
Hi all, My flatmate and I are leaving our rented flat, breaking the contract 8 months into a 12 month lease. The agent gave us the option of paying a large fee to them to remarket the flat, or finding replacement tenants ourselves. We found the tenants ourselves, but the agent wants us to pay the following costs: Contract…
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Hi
Hi I have been a long time absentee from this site. I was last here in 2011 trying to sell my empty house that had been on the market a year. I was so desperate to get rid of it. I considered using one of those outfits that buy your house within 7 days, I even considered handing the keys back to the bank. I didn't do…
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How to approach my tenant about wanting to live in my house again...
Hi all, I have a tenant in my house until August 2015. My circumstances have changed and I want to sell the house and buy another, to live in as this is my only house that I have mortgaged. I wanted to either: a) Sell it whilst the tenant was still there. b) Move in once the tenants AST has expired, then attempt to sell…
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Estate agents & credit history
Hi all, Just wondering if anyone knows if an estate agent can record on your credit file? Am currently in the process of moving and the agents keep moving the goal posts with regards to notice (looooonnnng story) so I'm thinking of just telling them to keep the initial deposit and not paying the next lot of rent. If this…
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How much do tenants get charged for refs
A prospective tenant and daughter have just informed me that they were charged £300 each for reference checking via estate agent(large chain):eek:with Homelet Does this sound right, it sounds somewhat excessive to me. This is not London if it makes any difference.
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extending shared ownership lease - costs
i am currently considering what to do with my SO flat. I own a 50% share with 85 years on the lease. In order to extend the lease (note that the process falls outside of the statutory rights of normal leaseholders because it is shared ownership), the housing association has written to say that in order to obtain the figure…
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Claiming land
Hi, first post here. Not sure if anybody can help but cant find much detail anywhere else ! My property has a council owned disused public footpath running along the side of it and across the rear to allow rear access to neighbouring houses. However before I bought the property the previous owners blocked off the entry and…
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How to choose between 2 houses to buy (London) HELP! Need cool-headed advice!
Hello everybody! In the moment of making decision and it scares me a bit, need the advice from outside: after 4 months of house hunting in London we found 2 properties we like. Both are Victorian terrace and suit our living style, but one is on a good, desirable street and the other is on "less desirable street". The SAME…
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Sale fallen through due to 'damp'.
Hello, We have just lost our buyers for our house due to 'damp' from the survey. We have lived in the house for 3 years with no damp issues at all and are astounded that meter readings are showing a damp problem. It advised all the usual hacking off plaster and putting a damp course in etc because there is 'probably'…
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Buy outright or buy with mortgage?
Is it better to buy a cheap, £30,000 house outright or get a mortgage for a £150,000+ house. I don't like the idea of being in debt but worry a cheaper house would be an awful place to live.
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Paying tax on rent a room excess
For the first time I will have to pay tax on a small excess over the allowed £4250. I know that there are 2 options 1. Fill a shortened tax form. I am a standard rate tax payer and have nothing else to declare. 2. I understand that you can ask for the PAYE code to be amended if your excess is below about £2500. Mine is…
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Scottish Landlord Deposit scheme - Deposit not paid in
Hello :D My landlord has not paid my deposit into the rent guarantee scheme as required by law in Scotland. I have been trying to fill the sheriff Summary Cause Forms to raise court action against the landlord without much sucess. The help pages on scotcourts.gov.uk are as clear as mud .:o ... well to me anyway :eek: Can…
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House Rent Deposit Question
What is the typical rent deposit for private lets these days in Scotland?
