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Business registered on house I am buying
Hello members I am in a process of buying a house and just did a google search with the address and discovered that there are two businesses registered on the address. The names do match the vendor's names. One business has the owners name prior to her marriage and the other business has both husband and wife's name Should…
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Mortgage Approval
(Sorry for a silly question. total newbie here) Once my mortgage has been approved. How long is it valid for ? (I have before making a new application) (we applied with nationwide) Also can the mortgage be used for any property or are we tied to the property which we applied for ? or the mortgage if approved we can find…
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Transfer of Property to Sibling
Hi all Myself and my sister brought a property together to rent out. Its on a BTL mortgage. However I need to take myself off this mortgage and land title as I am buying another property to live in. I want to give the titles to my sister. The bank have advised this is fine and they will transfer the mortgage to her. After…
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Purple Bricks
Anyone had any dealings with Purple Bricks estate agents. We have a house to sell from a bereavement and are considering selling it with them, on a fixed price contract. Reviews online are very conflicting.
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Leasehold refurb and extension
I would like to do some refurb in my leasehold flat, the lease mentions that I should get approval though it's vague; is there a definition of alteration? major alteration I understand, though is replacing kitchen cabinet considered an alteration? What if I reduce the number of cabinets? etc? If i make any…
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Damp and timber report-Leeds
So after getting a full survey done on the house we're buying it's been recommended a full damp and timber report is carried out. Survey reads like a house of horrors-lots of damp/woodworm/timber rot in loft conversion! No one we know has bought a property this old before so have no experince of damp and timber surveys-can…
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Mortgage Underwriting
Hello all, We are a FTB couple who have had an offer accepted, have AIP approved, DIP approved and now going to start going through the mortgage underwriting assessment. I just want to check I've been in my planned overdraft every month but not used it all, always paid it back and I have a car on finance and credit card…
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Deposit and annual rent question
I've read a few times where people ask what the annual rent on a property is where there's a question regarding getting the deposit back. Can someone explain what that's about? We're waiting on word of our deposit, and I'd just like to be well-armed with information if it's needed. Thanks!
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Private House Valuation vs Free Valuation?
Hi there, We have been living in the same rented house for a few years. We are now seriously considering buying the house we are renting as our landlord is keen to sell. We will be having a survey done very soon. This will be a private sale with no commission paid to any EAs. Of course the most crucial factor would be the…
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Service Charges during Probate
Hello, I am buying a flat where the owner is deceased and the estate is in probate. The purchase is taking longer than I thought. My solicitors made me aware ages ago that around 2K of service charges were due in early June - no problem, I have money put aside for this. But now due to some issues with the probate and the…
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Buying a tenanted house from a landlord to move into.
Hi Folks, I'm after a little advice please. My partner and I are buying a house from a family friend. We have had the survey done, got the mortgage offer and filled out all of the initial paperwork for each of our conveyancers.. The house is privately rented at the moment and the tenant's lease expired at the end of April.…
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Home Improvements and Extension advice
HI All, We recently bought 3 bedroom semi detached house in Aerdeen, Scotland in the hope we can remodel inside layout and possibly extend at back to add more space with a budget of £30k. We approached an architect and his fee for planning stage and building warrant stage work together alone is £4.5k. Over all bill is 7.7k…
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advice needed
Ok, to cut a long story short we've been trying to sell our house for approx a year. We reserved a new build last year but lost out as we didn't get a sale on our existing house (used the builders scheme). In that time, I've managed to secure a much better paid job which now means we can get a much more suitable house....…
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Caution on land registry
Hi all We are in the process of buying a house and there is a caution on the register with a name on it. It just says '2000 in favour of xxxxxx (name). The proprietor on the register is the person selling the house. Is this an issue? I asked solicitor and they were very vague saying the sellers solicitors will have to…
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Private investors to help 1st time buyer &TheHouseCrowd
Hi Does anyone know of any process in which you can get a private investor to help buy a residential property? I work for the NHS full time but I can only get a mortgage on my salary of 101, 000. ish which will get me nothing in the area I have rented in for 11 years. A very basic house in this area with a yard is about…
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HouseSimple.com
Hello, I was wondering if anyone has had any experience with House Simple? I listed my property with them last October. I have now withdrawn from sale with them due to poor service and sold the property within 24hours with a new agent. Some problems I have encountered are: Advertised the wrong town, Listed property a week…
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Exchange of contracts advise.
Hello. So my deadline for exchange of contracts is tomorrow, it's probably not going to happen as my solicitor is waiting on a reply about a possible drain on the property which the housing associations solitor hasn't replied to yet.i have fulfilled my end in terms of signing contract, paying deposit etc ready to go. I…
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Lodger agreement - fixed term
Hi, I've drafted up a lodger agreement with the help of some online resources. I have specified the term from 01/07/2017 until 30/06/2018 (12 months) but wanted to get some opinions and clarity on the following clause: 10.1 Either party may end this agreement early by providing to the other [NUMBER] of weeks’ notice, to…
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flat for sale... advert says property cannot be rented out
Looking at various things (to live in), noticed a flat for sale which says it cannot be rented out. Why would this be? (It'd be nice to think a property could be rented if you couldn't sell when that time comes)
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Buying house, selling and interest rate
Hi, I was wondering if someone would be kind enough to explain to me the process of buying a house and then selling it on? If I bought a house, say for £60,000 (deposit is £6000) borrowed money from the bank is £54,000 and I sold it 2 years into the 25 year loan amount, would I need to pay for the 25 year interest rate as…
