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Is there a red flag I am missing as to why I wouldn't become a land lord?
My current situation is that I am 32, married and mortgage free. We intend to stay in our current property for the next 10 years, and hopefully have a couple of children during this period. At present, my husband and I have sufficient savings to purchase another property in cash with no mortgage with the intention of…
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Surveyor property evalution £10k less than agreed price
Hi all, I'm a bit stuck what to do here. I have agreed on a price for a 2 bedroom apartment for 230k which is only 15 minutes walk into town and train station. The bank valuation agreed on this and is a 75% loan. I've just received a full buyers report and valuation which i requested seperately (not the bank). The…
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Tree survey & mortgage offer advice
We are 1 step away from completion, deposit paid to solicitors, now mortgage lender has stated that a tree survey required as condition for completion. Survey is being done now and surveyor says the tree would need to come down eventually. Can the lender compete based on the tree survey and I can deal with the tree after I…
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Complicated(?) mortgage questions. Help!
Hello all, Hoping someone can help / advise as I am getting slightly conflicting information and I am also massively frustrated. This is a bit complicated to explain, so I will bullet point it to try and summarise things a bit simpler. - I have a joint mortgage currently with my husband, have had this particular mortgage…
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Pre Paid electricity meter
Hi, We have a pre-paid electricity meter for our property. We are moving at the end of next month, do we have to have this changed back to a regular meter or ok to leave as is? Cant seem to find the right information online so come to the experts ;) Thanks!
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Acent Contact:Proposed LPA Receviership letter
Hi I was wondering if someone could give me some advice in regards to the above title topic. I'm currently renting privately (6 month short term tenancy agreement/the correct term has escaped me atm). I'm only 6 weeks into this contract. However last week I received a hand delivered letter from Ascent Contact (I missed…
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Need some advice. Buying grandparent's house.
Sorry for the block of text, but here we go: Right, I'd like to know the feasibility and my options regarding what I could or should do. Not sure if this is in the right area as it sort of covers a few (at least in my head). I live in my grandparent's house. I took it on several years ago as my grandfather was ill (and has…
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I accepted a property but landlord put me to the bottom of the pile
I was unable to decide all week and today when I made the decision for one of the properties the agents got back to me and said that the landlord wants to let the other booked viewings see the property first. Im sure it is because I need a garantaur and he thinks I am not of good moral fibre. The irony is this property…
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Completed - now what?
Hi all, We are first time buyers who have just completed on a house today, and going to pick the keys up this afternoon. The posts on here have been so helpful in this confusing journey, and I am so relieved and excited to get moving! What do we need to do first? We are moving from living with parents so we don't have any…
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Forces HTB and HTB ISA
Hi all, I'm having a think about who's best to ask (assuming the bank) but thought I'd ask here too in case anyone has had a similar situation... Can a HTB ISA be used alongside the Armed Forces HTB scheme? Are there any restrictions in place or similar that anyone is aware of? Thanks in advance :)
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Approaching Land Owners (Self Build)
Hi, We are hoping to buy some land and eventually self build, we have identified some potential plots and need to approach the land owners via a letter, has anyone had any experience/success in this, I'm not exactly sure what the best way to word the letter is. Thanks
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Helping family member to buy a house
I've had a look through lots of discussions here about different combinations of family, houses, mortgages, but haven't found anything that matches our situation and I'd appreciate any advice that you can give. Or just a reality check if necessary. Since his wife died, my elderly uncle has been wanting to move back to the…
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Seller at top of chain holding things up
It's 12 weeks today since we had our offer accepted on the house we are buying. We (and our sellers) were hoping for a quick turnaround however their onward purchase hit a snag in conveyancing with an issue in the searches. That was resolved last week and everything is in place ready to exchange. However, the vendors of…
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solicitor come back about completion?
Hi guys We have now received our local search back, the solicitor is just querying something with the sellers solicitor regarding the environment search to get a pass. we informed the solicitor we go away on the 11th May and she has come back saying would you like completion before or after your holiday?, we are away for…
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Advice re buying house with partner
Hi Will try and not waffle .... I'm 47 year old female , who own my own home ( mortgaged) and one daughter who is 23 , currently living at home but is planning to buy own property at the end of the year . I have a partner who is 45 , been together 2 years and he has lived with me for just over a year. He has 3 children…
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Buy house with structural issues or not
Hi there I'm in process of buying a house and structural survey spotted slight movement next door which has been repaired years ago but evidence of step cracking opened up and repointed recently - mid terrace - after advice from my structural surveyor now vendors have contacted insurers and structural engineer going to…
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Termites, and other issues
Me and my fiance were looking to buy our first place, looked at about 10 homes, we really liked one. We put in an offer, just had it inspected a couple of days ago. I know no home is perfect but I'm a little concerned about this home now. The inspection found: A bit of mold under the basement staircase. The air conditioner…
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Gift property with mortgage
Hi All I'm new to forum and wanted some advice if possible. If a property Is gifted and falls under IHT but has outstanding mortgage. Does the mortgage get shifted to new owner? Or is this on discretion of mortgage company? Also if it is gifted does that take in effect straight away or do you still wait 7yrs like IHT until…
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Landlord sold flat
My landlord has just told me (by text) he's sold my flat to a family member who wants to move in in the next couple of weeks! I had no idea he was even thinking of selling. Although he said that as I've been a good tenant maybe he'll let me stay for a week or 2 longer if i don't find somewhere else to live straightaway! Am…
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Valuation survey queries
We have received our final offer with valuation coming in as expected however they have entered date of construction as 1980 and made reference to the property being extended at some point and state the valuation is provided on the assumption all relevant planning and building Reg's and consents were obtained at that time.…
