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Mortgage application FTB employment query
Hi there, Very new to the forum! My query is this: My hubby and I are FTB. We both have permanent full time jobs and will have our deposit together within the next 18m. My husband has been in current role for 15+yrs and has been given the chance to train as a nurse by employer (currently health care assistant). This will…
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Negotiating after mortgage valuation lower than agreed sale price
Hello, I'm interested in finding out how one is supposed to proceed if a mortgage valuation comes back as significantly lower than an agreed sale price. A bit of context: We're first time buyers. The house went on the market for 280k. Following bidding from us and others, they accepted our final offer of 300k (this may…
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Crest Nicholson - New built Discount
Hi, Just return from a viewing of a 3-bed house with integrated garage. I'm happy with the house and the bonus is its due to complete at the end of August. The price is set at 275,000, but since new builds are overly priced. I want to put in an offer and ask for at least 10% discount. Now the real question is how likely is…
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To Exchange if we Brexit
Hi all, We are in the final stages of our house purchase and are looking to exchange towards the end of this month. If we Brexit on June 23, should we ask for a price reduction? If so what percentage would be reasonable? or should we abandon the sale all together? Brief background on the house - its a great first time…
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Advice please: Using Power of Attourney to evict abusive family member (LONG!)
Hi, long post, sorry(!) but Im worried sick. As above...I have legal POA for my Dad and want to remove my abusive alcoholic younger brother from Dads house. (Note, My Dad owns the house and my Brother is technically a "lodger" as he is not on the missive. Whats my options and how do I proceed? * Write "Reasonable Notice"…
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Shared Ownership Property Sale with increase in value
I have a shared ownership flat which I bought 40% of 2 years ago, the overall property value at the time was £180,000. I want to sell it and the housing association say that I need to provide a surveyors valuation at my own cost and they then get 8 weeks to sell it themselves, after which i can sell via an estate agent…
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Lower rent & deposit on tenancy agreement
Hi, my boyfriend and I have had an offer accepted for the rental of a house and we were told the rent would be £650 and that the deposit would be £950 but we've received the contracts to sign and the tenancy agreement states that the rent will be £625 and the deposit is £900. We assume that this must be an error but we've…
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Water damage to Kitchen work surface in rental property.
Hello, We have recently moved out of a rental property of 2 and a half years. We were very good tenants (IMO) and always paid the rent on time. We vacated on 31/05 after the landlord said they wanted to move back in. We left the house very clean and tidy as per the tenancy agreement. We are still waiting for our deposit to…
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subsidence......should we run away fast?
Hi So a little bit of background.....me and my partner are looking for a project (we'll see other threads dotted around from me on other properties we have looked at). We want a 5 bed + more house. Ideally in a rural location but close to a major city (where I work). We realise this is a MAJOR ask and As you can imagine,…
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Incorrect Notice of Transfer fee
we have recently (April) completed on a leasehold property purchase, as far as we knew everything was taken care of however we just received a letter from our freeholder stating "We have received the Notice of Transfer from X solicitor to be receipted and returned to them but the registration fee was incorrect" According…
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Newbuild vs oldbuild, repair/maintenance costs?
Are there are risks in buying a 40 year old that is in good condition? Will it need any repairs compaired to a new build? There are some hairline cracks? Or could one expect to live in it for the next 40 years with no issues?
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Buying in an areas where a new development is coming across the road
Hi, I'am planning to buy a property 1970 property 3 bed detached (nearing 290 k) in a street where there is a planning permission for Baratt homes to build 87 new homes. The area is 1 street away. In this scenario what are the benefits and disbenefits for me if a new development is planned 1) My house price will it…
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Ex Debt house help please
Looking for some advice please, I'll try and keep this long story short. Lived with ex for 10 years married for another 10, 3 children together. I'm now with a new partner and have another child. Our whole life together was him getting us into debt by renovating out two homes that didn't really need doing, spending on his…
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If Brexit were to happen how quickly do you think house prices would be affected?
Obviously it's unprecedented so no one knows what would happen but it's not like we'd wake up on the 24th and house prices would be slashed by 20 per cent would it?
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Snagging on a new build
Hey everyone, I'm due to complete on a new build flat on the 24th with Barratt Homes. The solicitors received notice for completion last Friday and I'm going for a new home tour next Monday. I want to get the property snagged to check for issues - Barratt's year end is the 30th so I'm mindful they are probably in a rush…
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Offer accepted but something seems odd
Hi all, We've had an offer accepted on a house! (After complaining in another thread about how crazy Bristol's market is!) However, we can't help feeling something isn't quite right. I'll try and be brief.. due to see a house last Saturday, the day before we got a call saying it had been sold but that they had just taken…
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Mortgage offer @ right level?
Good morning All, I recently viewed a place and am now looking to put an offer in. It has a guide price of £459,950. My ceiling is £439,950. I am thinking to put in an initial offer of £421,950. Is this a reasonable offer? The property has only been on the market for a week and in a very desirable location, so I'm looking…
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Lazy Conveyancer?
Ive copied this over from the waiting to exchange thread, hope thats ok! DIP sorted: 10/05/16 Viewed 'dream house': 14/05/16 Offer accepted by vendor: 18/05/16 Instructed Solicitor & Applied for mortgage: 19/05/16 Valuation: 24/05/16 Mortgage offer from Natwest: 28/05/16 Accepted offer on our property: 07/06/16 Instructed…
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Should we rent out our current home - what would you do?
We are in the process of refurbing a house to move into. When it is complete, we can't decide whether to sell our current property or keep it and rent it out. We are complete newbies when it comes to rental, tax etc. Currently we have a mortgage on both properties. I reckon we should be able to re-mortgage the new property…
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Damaged Carpet
Hello! We've lived in a rental house for two years now. Last night my partner knocked my straightners onto the carpet and left a nice burn. The carpet itself was already soiled and damaged when we moved in. We are debating costing up replacing it ourselves vs what the landlord might take of our deposit. Thoughts?
