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Buying a pre let investment
I'm just starting to look at whether buying a second property to let would be a good way of adding an income to our household. Looking on rightmove I've seen a few terraced properties for around £40k which state they are 'pre let investments'. Does this mean they already come with tennants? They state the income is…
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What to offer post-referendum?
Hi all, Sorry for another post brexit house price question. However mine is slightly different. We placed a bid on a home in March for 202k, we hadn't sold ours so they declined. The Estate Agents were a little naughty and implied that if we upped are bid they might accept even though we weren't procedable. My Fiancee took…
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Brother wants to rent a room from us
Just looking for a bit of advice, my brother who currently rents a flat has asked if we'd consider renting him a room for a few months, to enable him to pay off his debts and save a deposit for another flat. He works quite long hours but would obviousley be using water, gas electric etc but would provide his own food. My 5…
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Brexit and a shared ownership house
Hi all, Just another 'should I go ahead after brexit' post, but with a twist... we've had an offer accepted on a shared ownership 2 bed house here in SE England. Total value is 290, we're buying a 50% share. Would expect to live there for at least 5 years. We have a 10% deposit on our share. Considering going ahead, and…
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What is acceptable to expect from a landlord
So bit of a long story but I hope you will bare with me. We currently live in a 2 bed apartment, our landlord recently had one of his 3 bed houses become available and offered that to us. We said we were more than interested and went round to view the property. There were certain things that needed to be done before we…
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Market Appraisal (Not valuation) ? - Matrimonial Proceedings
As part of a divorce we have been asked by our solicitors to obtain 3 market appraisals (she said specifically not valuations). I've been looking online and many estate agents appear to offer this calling them an 'appraisal', but then they revert to talking about a valuation. I was under the impression a valuation is what…
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House mate moving out
My housemate has just notified my estate agents he plans to move out at the end of next month. I'm currently just on the tenancy with him, however my O/H has moved in so we can more than afford the rent together. Shes not currently on the tenancy, however I'm more than prepared to add her (I think they charge £50 for…
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Purchasing: Closing off door with a wall and gas lines.
Hi all, I've recently moved to the country and managed to start the ball rolling on purchasing a house. I'm not really familiar with the cost of trade work being done. I have a 2nd door in the kitchen and as the house is small I think it's taking up valuable counter space. I'm just wondering apx what the cost would be to…
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SDLT Have read the rules but still unsure.
Please can anybody help me with the following potential scenario. I have read the rules but can't figure out with our current situation. This is my first post so please be nice:) Thank you in advance. Wife owns property that was bought long before she met husband. Property is currently let out. Husband and wife currently…
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Advance Rental
My Partner moved into our present accommodation 20yrs ago and I joined her 16 years ago, we are joint tenants. A telephone call received yesterday from the housing association who own the property informed us that we owe them 1 weeks advance rental, this after all these years, the rent has been paid on the dot every month…
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Suspected leak in a Leasehold Flat - Who's responsibility?
Hi there, I live in a ground floor flat which is shared ownership between myself and a housing association. I've noticed a mouldy wet patch at the bottom of my wall, The wall in question has an access panel which i assume means that there are pipes behind the wall and i therefore assume that it is a water leak from a pipe.…
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First time buyer (NO CHAIN) 14 weeks now since offer accepted - Please help :(
Hi Everyone, Me and my partner are 21 and 22 and have just bought out first ever property, a small flat in Weston super mare. We had our offer accepted 14 weeks and 2 days ago now and had our offer accepted on the basis of a quick sale. As we are first time buyers and so young we still live at home so are able to move in…
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Buy or not to buy
I bought a property after uni and I currently rent it out due to a relocation/change of work contract. The rental covers the mortgage but I'm now paying £1000 a month in rent where I am. I've managed to scrimp and save to have a deposit to buy a place where I am. My question is, this saved deposit is it more beneficial to…
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New build house: Wrong carpets fitted over 1 yr ago
Hi all, We bought our house Dec 2014 from David Wilson Homes, and recently had our carpets cleaned and also visited a friends new build property. We noticed our carpets seemed a poorer quality than that of our friends even though the house builder and carpet fitter were the same. I asked David Wilson Homes what was fitted…
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Difficulty getting house deposit back from Letting Agent
Hi, I moved out of my house about 6 weeks ago, and informed the agent one week before that (so 7 weeks ago) that I am moving out and the landlord had approved the immediate return of my deposit. After delaying for a while, they finally contacted the landlord and confirmed that they'd been authorised to return it. I'm still…
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First place, buy to let in neaby town?
Hi all I don't earn enough to buy a property in my city (1 beds go for around £120k now), but nearby in places like Weston Super Mare and Newport I could probably buy a small flat on my own (start from 50-70k). Is this a wise idea? My rationale is that if I can't ever afford something here, I'm better off owning something…
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Brexits - effect on the HOUSING MARKET ? house prices + Mortgage lenders lending ??
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Is there a way I can move house at my age?
Hello Everyone, I have come here first as I believe I will get the best advice here! I am nearly 61, still working as a full time teacher. I still have £68000 to pay on my mortgage but I would like to move to a house/bungalow with a loo on the same floor as the bedroom(!) now before I get too infirm. My official retirement…
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Buy to Let for Our Daughter
Our daughter has just finished Uni and looking to move into rented accommodation with her Uni friend. Due to recent inheritance we are in a position to buy a property to let them live in and pay rent to us. The question is: Should we buy the house outright or put a deposit down and get an interest free mortgage?
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Should I still have building work done now we've left the EU
Hi All, My husband and I were planning to have some kitchen work completed this summer. The estimated total cost is about £50k with £40k being paid to the builder for the extension work. We were excited about the work starting next month but since the result of the EU referendum was announced last week we are feeling…
