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FTB O.I.E.O and how much to offer
Hi all, First post and first time buyer! Husband and I are wanting to offer on our first property and I'd like a bit of advice on how to play it. A bit of back ground info, the sellers bought the house 5 years ago, they listed it for sale in may 14 for 30k more, it didn't sell, they then listed in in Nov 14 with a…
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should I give Tenant notice now
Due to health reasons I had to move to a more convenient property and let my house in January. The rent was paid on February and March, but tenant missed April and now this months which was due yesterday. Should I give notice now, which I understand involves a form called a section 21.. Is this something I can do myself…
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Noisy Neighbour... Solicitors?
Hello Everyone, I am looking for some advice before I consider my next move with my problem. To cut a long story short I have a noisy neighbour living underneath me, I have contacted the council, they installed the noise recording equipment, acknowledged that a disturbance can be heard (drunken shouting/singing and…
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Damp issues and renting
Hi, Not sure if this is exactly the right place to put this post but it seems to be the closest match! (Admins, please feel free to move it) My sister is renting an industrial unit which is suffering from extreme damp issues probably on account of it being a former factory without any interior insulation to the walls. As…
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Title Deeds - Removing lender ristriction?
Any help in understanding this? Tittle Deeds - Under Title Absolute, I have the following - "Restriction: Except under an order of the register no disposition by the proprietor of the land or made in exercise of power of sale in any Charge subsequent so that date ...1984 in favour of (old mortgage company name) referred to…
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Time from accepted offer to exchange
Hi We are first time buyers in the process of purchasing a flat. From all the research we have done the time between having an offer accepted and exchange of contracts is between 2-6 weeks. We are now sitting on 9 weeks! (There is no onward chain as well as the flat has been standing empty for months now). Our mortgage was…
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Income protection advice
Hi guys - looking a bit of advice on income protection. Between myself and my partner income protection is around £45-50 per month for us both. I was advised to get it but I'm not too sure. It doesn't kick in until your out of work for 12 weeks. I'm in a job where I can work from home if neccessary. I was recently on…
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Completion date pressure from developers
We are the Middle of a chain, we are selling to a ftb, and we are buying from someone that is buying a new build. There is a 'sales progressor' that is overseeing things on be half of the developer. We knew there was going to be a delay in the house we are buying being ready with estimates of July/August for completion,…
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Home Buyer Report in...
Good evening all, I am a FTB and recently had a home buyers report completed for a (chain-free empty) house built 'approx 1900'. It has come back with the following comment: "We note extensive vermin or rat evidence within single story roof and extensive damage to cables noted and therefore further improvement works as a…
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Buying in Ireland.
Hi, I was hoping for some advice on my current situation. I've recently sold my property in the UK and placed an offer on a property in The Republic of Ireland. My dilemma lies in how to go about transferring Sterling to Euro. Obviously I have done a bit of research and that suggests going with a bank transfer is costly.…
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Advice wanted re: putting in an offer on flat with 75 yr lease
Hello money savers :-) My first time on the forum and I'm hoping someone might have some advice for my current situation. I'm a first time buyer looking to get a 1 bed flat and have come across one in my area that's perfect in all ways - except it has a 75 year lease. I've done a lot of reading online and on this forum…
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Buying parents house
My dads has remarried and has been leasing his old home out for the last 3 years. As my immediate family has grown and my finances are better we are looking to buy the home from him. I understand the inheritance tax implication but the dilemma I face is this: I have 2 years left on the fixed mortgage for the property we…
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Final mortgage payment before completion
When you are selling a house at what stage does the solicitor get the outstanding balance from the mortgage company? For example if you are due to complete on the 12th of the month and a mortgage payment is taken on the 11th of the month will the settlement amount the solicitors are using be less the capital amount of the…
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Buying furniture from vendor
Hi, I have a few questions.... any advice welcome.... I am buying somewhere that has been used as a 2nd home/holiday let so full of stuff that the vendor is happy to sell to me as they have no real need for any of it. The stuff is ok and as I am FTB with nothing, it would help me out to have a few things to start me off…
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Unreasonable "Reasonable Charges" - Flat Leasehold
Hi In the last 24 hours I have found out that the leasehold landlords agents are expecting me to pay fees to the sum of £720 for notice of transfer on the lease when I am buying the flat Notice Fee - Charge £300 Notice Fee - Assignment £300 Issue Deed of Covenant £120 Is this reasonable fees. I really don't think it is.…
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How would you deal with our lives? Sell then rent or stick?
Hey everyone Im new here, dont think i've ever posted. I would really like some help from some savvy people as im getting so depressed with our circumstances. We own a 50% shared ownership property. Its lovely and the value has increased a lot since we bought. We now have 2 children and the property no longer fits us and…
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Inheritance of a property - rent it out as income?
Hi there, A family member passed away last year and I have come to inherit a three-bedroom property currently valued at £700,000 (mortgage paid off). I am only 23 and have since moved to the City to start my own career in finance. This obviously creates the problem of an empty house, not in London. To boost income, I am…
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Flat Deposit Dispute
Hi all, just after a bit of advice regarding disputing a deduction on my rent deposit. Just moved out of a flat which I had been renting for just over a year. I paid a deposit of £650 upon moving into the flat, which wasn't in great condition at the time (paint work was shabby, not that clean etc.). I fully cleaned the…
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Setting up let from a distance, how to protect myself?
I have an internship over the summer, so I'm trying to arrange some accomodation for the 12 weeks. Aside from the fact that I'm finding it difficult to find places to start with; I'm quite worried that I could get taken for a ride. Aside from using an agency, what can I do to help make sure I'm taking to who they say etc.…
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What's your bet? - Will the house builder accept my house with damp?
Hi All, My husband and I are in the process of buying a new build house from a major house builder. Everything has gone smoothly so far and we should have our mortgage offer tomorrow hopefully. We are part-exchanging our current house but a surveyor came round yesterday and said that there is damp under the kitchen floor…
