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Advice please. Do we buy?
Hi Would really welcome some thoughts. We are in the process of buying our first investment property. Mortgage agreed, valuation okayed - just waiting now. It's a BTL - which means a hefty deposit and increased stamp duty costs, so that we'd be looking at nearly £100k out of our account. The idea was to hold onto to it and…
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Family from abroad helping with house purchase
Dear All, Wasnt sure whether to post this on here or on a financial board. Im buying a house in the UK. My immediate family live in the USA and have offered to help me with my house purchase with a gift of money. All their money is earned, taxed etc in a US bank account so no issues there. They are aware of the US laws on…
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Help wanted on where to buy in Leeds
Hi, I am soon to be on the lookout to move house in Leeds. My OH works in the City Centre and I am currently working in West Leeds but my role may change in the next 12 months. We are trying for children and want the next house to be close to some good schools. Can anyone recommend a good area to look? We already live in…
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bank statement for proof of deposit
Hi, This is random but do solicitors send the bank statements back to you after they have seen the proof of deposit?Im just a bit worried they do as i have now moved out of my council property and into my mums till i get the keys.Mortgage was approved in march but there was problems with the title deeds and had to go to…
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Urgent advice needed re: lodger
Evening all, need some advice. Just over 2 months ago, I took in a temporary lodger who needed somewhere to stay before going to Uni in the Autumn - the son of a really old friend. We agreed £350 a month for rent. In the first month, he only paid £250 and promised the other £100 shortly after. I'm a stupid soft touch and…
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Selling House - Drop to Interest only Mortgage?
We are currently selling our rental property which is empty. With the ups downs and scaremongering of the Brexit etc, understandably we aren't sure how long this will be on the market. Do we mention to the Mortgage Company (buy-to-let mortgage) that we are selling or not? (not sure what is best but just want to be honest)…
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Seller cut down listed tree - risk to property?
Hello all, I'm in the process of buying a property - hopefully soon to exchange. The seller, over the past year, chopped down a tree near the property, which turns out to have had a preservation order. My solicitors are aware, and are now to obtain an indemnity policy. From my understanding, this will protect us as buyers…
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Sell house or become a weekend Dad ?? What would you do??
Serious decisions to be made here folks !!! So we currently rent our house out whilst Im posted up in Scotland, all going swimmingly although our tenant is a bit erratic. When i get back from the Falklands I am posted back down to Benson, not ideal as its a little to far away from our house to commute to so we had decided…
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Independent damp report - Birmingham
Hello, on the look out for a good independent damp company in Brum. I'm selling and damp has come up on the report. I'd like an independent view, does anyone know a good company who can come and take a look. I will of course pay for their time. Thanks
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What should I offer?
Hi!! Looking for some much needed advice please! I have noted my interest in a property in Scotland which is advertised as Offers Over £140000 and has a Home Report Vaulation of £150000. My solicitor has told me that there are three other notes of interest on this property which means that it's going to a Closing Date and…
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Building regs and insurance
Hello everyone I could really do with some advice. We are in the final stages of buying our first house but there are a couple of things we're concerned about. The vendors had an extension built in 2013 and don't appear to have had building regulations for it. They have offered to provide an indemnity policy but they have…
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Renting/DRO
Does anyone know whether I would be able to rent a house with a DRO (Debt Relief Order)? I'm married (I'm a student with scholarship - thus have a guaranteed income) and my husband works full time. We have a working/homeowner guarantor.
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Help! Poor credit - can we rent?
Hi All, I am wanting to get a realistic view on whether or not we will be able to rent a property we love, this is quite long, but would really appreciate some feedback if you can spare the time. We really like a house that is up for £650 pcm rent, but don't know if we will qualify for it and don't want to hand over £400 -…
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Brexit effect in London
I suspect there have been many other threads like this but I thought I would get people's opinions... My partner and I are FTBs considering buying in Woolwich, our limit is 300k which includes a 40k deposit. This is about the price of most new build 2-bed flats near the station. We picked Woolwich as it's fairly easy to…
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Direct debit fee
Have just moved into a house and when signing contract we advised the direct debit date wasn't OK and would like to move it to 1st of every month, the letting agent told us to ring the office to change it. Have called today and the agency want to charge £60 to change the direct debit date. Is this normal?
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Split of Property Equity after a Split
I separated from my wife after nearly 13 years of marriage just over 2 years ago and the time has come to sell the family home. After the house being valued she has now asked for an unequal split of equity which I have agreed to, however I believe her request is unreasonable. This is the story: When we got together I moved…
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Consent To Let - Co-operative Bank
Hoping to move out of my current property within the next 3-6 months and am considering whether to sell or let (sales market is low, but I'm in a desirable area for letting.) Have had the house valued, but have also asked my current mortgage lender - The Co-operative - about 'Consent To Let'. I have cleared all of the…
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Pressure to sell using vendor's agent
Hi all, I'm pretty sure I know the answer to this however just want to get some advice and reassurance. I've had an offer accepted on a property being sold by an estate agent which rhymes with... Bonnells ;) mine is going on the market with a different agent who have just sold a property in my block in 3 days (subject to…
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What to do if a builder mucks up and causes a leak afer youve paid
I paid a plumber to sort out a couple of toilet flushes at mmy house for tenant. A week later the tenant sent me a message saying she had noticed a leak coming from upstairs toilet and causing damp on downstairs ceiling. Now a bit nasty stain on ceiling and a cost to get DynoRod to come and fix....they said they had to…
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As a new landlord - bypass letting agent?
Hi All I'm about to become a landlord for the first time - of a 2 bedroom flat. I have run a successful Ltd. company for 10 years though, so I have some good experience in managing book keeping, staff and payroll, accounts and billing (including direct debits). I am also an IT engineer who often has to get his hands dirty…
