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Best kind of property to buy, to rent out?
I'm considering buying property to rent out, to generate an income. I've got about £330k from a life assurance pay-out - my wife died a few years ago. I'm 40-something, and have a couple of young childen. The money is presently in various savings accounts, earning very little interest. It appears that buying a few…
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Chain-free revoked?!
Evening all :) Bit of background: FTB, offer accepted & mortgage granted. You may have seen my previous thread on this house having "urgent" damp issues as found in my home buyers survey. When we went to view this house it was marketed to us as chain free. The sellers were looking to move, maybe out the area, and plans…
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Paid for conveyancing report...Report's date before date of reservation
Hi We have reserved a new built from Barratts. The plot was previously reserved, but according to the builder the buyer didn't manage to get a mortgage offer so withdrew the reservation. We're using the recommended solicitor to make it quicker as we have a deadline to meet. We have paid the conveyancer £350 in advance to…
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problem with landlord
Hello everyone first of all I do apologize if I am writing in wrong part of forum... I am in big stress now and really don't know what to do, please tell me if I'm wright or wrong... I am looking for a flat for myself and my family and believe me it's a nightmare. My wife and kids are staying abroad where we have our own…
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Working out the tax to pay on BTL
Hi, I have a question re capital gains tax. I have a property which I bought in 2009 and lived in before renting it out. I would like to sell it in April 2017 when the fixed rate ends and wonder if I will need to pay capital gains. Details are: Bought in Feb 2009 for £125,000 Will likely sell for around £215,000 (assuming…
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Back boiler instead of combi
Hi, We have just put in an offer on a house for 110,000. When going round on our second viewing, the EA mentioned that the boiler is not a combi boiler but a 'back boiler' where the actual boiler is behind the fire in the front room. Has anyone any experience of these boilers? I'm assuming it's an old style boiler but we…
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Fixed completion date won't be met by home builder
Hi All, I'm new to this but have read so many threads over the last few days! I just want to know if anyone can advise on my situation. My partner and I have exchanged contracts on a new build property and we were given a fixed completion date of 27th May. We were reluctant to exchange with this date as the original…
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Renting a room asap. Would it be better for me to rent from private landlord?
How dodgy would that be? How strict are landlords requirements for tenants through estate agents? I haven't rented my own place (whether it be a room in a house/flat share or a flat) before, but I am looking for a room to rent within the next 3-4 weeks because parents are moving home and I am planning to move to a more…
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Seller Won't Accept Offer - Allegedly
I viewed a property and whilst I was there I offered the full asking price. The estate agent conducting the viewing said he would call the seller to see if they would accept. He didn't call the seller; instead, he called his office. The girl in the office claimed the seller would not accept my offer without me…
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Mortgage question
I would be grateful if anybody could help me understand what I suppose should be a simple mortgage question, but I'm not currently understanding it. If I have a £135k mortgage @ 1.99% fixed for 5 years, repayments of £656 month (so £39,360 made in mortgage payments over the first 5 years) after those 5 years how much of…
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Council house list
Looking for some advice. Our landlord is selling and given us a Section 21. We took this to the council and they have awarded us Priority banding (we have 3 children, one with a medical) and told us to go and bid. There is literally nothing right now- we are eligible for a 3 bed. Does anyone have an experience of the…
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Help! Accidental payment via Credit Card for Service Charge :(
Hi All, I hope you are all having a good weekend so far. I was hoping for a little bit of advice in relation to a costly mistake I made yesterday. My property service charge was due, and I decided to make the payment online for the first time. I saw on the property management website that there was a surcharge of around 4%…
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Staircasing (shared ownership) borrowing
Can someone help me at all please? I'm so confused and the Barclays advisor was no help. I bought my £277,500 flat last year and own 35% share and paid £16k deposit. My current mortgage is £79k. I want to staircase to 75% but they are saying the best I can get is 20% even with a pay rise of £10k??? My property has been…
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Do you clean and decorate when you decide to sell
Do you clean and decorate when you decide to sell . I like to leave a place in move in condition .If that means I decorate I do it , I am viewing a house on Wednesday. i have seen two internal photos online ,not the cleanest house but nothing to bad .The house has a tenant at the moment . However the house was petrol…
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FTB - Advice on giving notice on rented house
Hi everyone, Just looking for a bit of advice! We are in the process of buying our first property and currently have had our mortgage application approved subject to valuation, which should be taking place this week. We have also got a survey pencilled in for the week after, subject to the valuation going ok. We went to…
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Transfer of ownership - Unmarried Couple
I currently jointly own 2 properties with my long time girlfriend. When we most recently moved we were forced to rent out our old house due to a dropping value so we were left with a lemon we decided to sit on. Around 18 months ago we purchased a second property which is where we now live. My ultimate plan was to purchase…
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shared ownership
3 years ago my brother and I bought a house together on the understanding that he would change his lazy ways, would not leave jobs unfinished for months on end this has not happened he changed our guest bathroom over a year ago and it is still not finished even when he knew we had people coming he choose to lie in bed all…
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Buying right of access
Hello, Sorry if this is in the wrong place, this is my first thread. I own a property (on approx 500m squared) that has a right of access running through it to a piece of land behind (approx 750m squared) which is owned by the neighbour (approx land 3,500m squared). The right of access is only to the land behind and cannot…
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Renting with a low credit score
My partner and myself are looking at moving in with each other after our son is born. We have looked at estate agents and have seen some beautiful places. However, I have no credit score as I'm only just 20 and never felt the need to get a credit card ect. My partner has a very low credit score after he had a credit card…
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Help
Hi I have recently had an offer accepted on a house.I have my mortgage offer and thought everything was going along fine until i had a letter from my solicitor saying the people who we are buying from are having problems with the title deeds still being in parents name although they are deceased now. Apparently there is a…
