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Trouble guessing at fair price (buying)
Hi guys, We recently exchanged and will complete next week; staying with family to simply break the chain. We've started looking at what little there is, over the last week, and seen about 8 properties. Only one has been a contender so far, and I was wondering if I could get some advice on their asking price. I appreciate…
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Advice re: Landlord Insurance please
Hi I have a flat that I started letting out earlier this year. I never intended to become a landlord, but it was the best way of being able to purchase and move to a bigger property. I fully intended to get landlord insurance at the time but, for various reasons, never managed to do so at the time. Since then, I've…
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Housing Benefit Advice - mum maybe moving in!
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Inheriting a house with tenants who have a "life interest"
Hi all. I'll try and keep this short and sweet. My father in law has just died and his last remaining asset was a house that has been occupied by his second wife's parents for the last 20 years. He was given 18 months to live 11 years ago when they divorced, and owned several other houses and as such allowed them stay…
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tenant paying cash
My tenant has asked to pay the rent in cash every two weeks . I dnt mind this however what safeguards do I need to put in place for HMRC .I have always had rent paid straight into the bank .I know the tenant ( a hardresser )gets paid in cash.
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New Build, wont have full access to garden after moving in
hi, just curious if this is normal, and if there is anything I can get out of the developer for putting up with it.. basically, I'm due to complete on my new build in mid December (house just needs decorating and final fix), the property has completed houses on one side, a private drive for 5 other properties soon to be…
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Nothing coming on the market
We have been looking for about 3 months but just got really serious in the past month. We have done 10 viewings so far. All the different agents are saying the same thing that nothing is coming on the market at all. Where as they would normally have 15-20 properties a month coming on they are getting 4-5. And this is all…
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Buying for cash
We are thinking of buying an apartment to rent out and have seen one we like. It is on a new development (although it is two years old, it is a resale). It has 125 year lease. We will be paying cash (no mortgage). Do we have to have searches and a survey? I would assume all these things were done two years ago and we know…
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rental viewings
How much notice do I need to receive before a viewing? Do we need to give permission or be there etc, is it just a formality?
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Trying to find a place to rent
I've registered for emails from several estate agents locally but everytime I receive an email and show an interest, no matter how quickly, the house has already gone! It's frustrating. How can I get in there first?
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Home Buyer Report - Opinion please...
Hi Everyone, We are FTB and received our homebuyer report this week. The bank okayed the valuation, so we think if the bank is happy with the condition, we should be happy as well lol. There are a few things, we would like to clarify hence, this post, can someone please shed light on the exempts below. Main Walls: Electric…
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Buying freehold of Victorian house (with garden as additional freehold property?)
Hi. I'm hoping you can help me understand our situation regarding an extra cost for the garden. We own the leasehold of the garden flat of a Victorian house and another leaseholder owns the flat above. We are jointly trying to buy the freehold of the property and have been in contact with the freeholders. Our solicitors…
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Cool water properties - online / high street agent, Bristol
Hi all Just wondering whether anyone has any experience of the above estate agent? Thinking of selling my house (in a small village near Bristol, apparently desirable!) and trying to decide between online and high street agents. The high street agents have valued my property fairly similarly (apart from one - possibly the…
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Lied to about lease length- panic
First time buyers could really use some help please. Offer accepted on a flat, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years. How do we proceed? I cannot fathom why the seller would lie about…
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Buying on a new estate
Currently in the process of considering a new build, but I have my reservations. Currently in the area there are several new housing developments popping up. The estate I'm interested in has only just started phase 1 of 250 homes. It all looks very nice. The house design we like has gone up from £286 to £293 in a few…
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Property with Japanese Knotweed- worth the risk?
Hi everyone, I am currently considering buying an ex local authority property as a buy to let but have discovered a previous attempt to purchase fell through as the mortgage was refused. Although there was no mention in the advertising I found our that the garden has Japanese Knotweed so is considered unmortgageable (the…
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How to test foundations before building extension?
We're looking at extending over an existing single storey extension at the back of our house. As it was built in the 70s, one of the architects who came around to quote for the job commented that the foundations probably won't be strong enough to take a second storey. How do we test this? Who should we get to come round to…
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Completing next week - steps to take?
I will be picking keys up next week. Is there anything I need to note from the completion date apart from water meter figures since the house will be my liability from now on?
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BTL tax changes for simpletons (me)
Can someone please explain this to me? I earn 37k and, if I let my house out to buy another (releasing equity) would make approx £7000 per annum rent. This, I believe, tips me into the 40% tax bracket. How does the taxation work? How would the new changes affect me? Are you taxed on all that £7000? If I am only just in the…
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Loft conversion - Yes or No
I just bought a property well under the market value and will be redoing it completely, new plumbing and electrics, new boiler, kitchen bathroom and complete redecoration. The builder has just told me that the loft is big enough to convert into a huge room with bathroom without changing the roof. It is one of those…
