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2 guarantor questions
1. I have recently bought a property and, because I'm a student and don't have a salary, have to keep it as a buy-to-let. I'm also about to move into a shared rented property and was told by the landlord that I would still need a guarantor. My parents can do this, but I'm not sure I understand why I would still need one,…
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Need help deciphering break clause
Hello I’m currently in a 12 month fixed term tenancy. There is a break clause but I’m confused as to it’s wording and what it means. It seems to say I can’t use the break clause until after 12 months but why would that be the case? This is the wording: “In the case of an Assured Shorthold Tenancy the Landlord and the…
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Cash for homes companies
Yes I know it will mean I get a low valuation but I’m keen to hear any first had experiences of these. Was the sale as quick as they said? Was the valuation what they said or did they try to lower it later? Which company did you use? TIA
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Shared Ownership
Hi all! Me and my boyfriend are at the beginning of the saving journey, realistically i want to be looking for a home and settled in our new home by 2020. I hoping by this time we have at least £10k saved and possibly some help from relatives will push this to £15k. We live in the South East but with a £10-15k deposit we…
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Declaration of non returnable gift
Im purchasing my first home thanks to inheritance. The solicitors have sent me a declaration of non returnable gift form. Does the mo ey coming via inheritance count as a gift?
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New Build Process
Hi, I was wondering if someone has went through the process of buying a new build home using the Help to Buy scheme Scotland and could clear up some questions? I'm about to reserve a property in June 2018 with completion date being around March 2019. I understand I pay my £500 reservation fee in June, however when do I…
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CCJ on credit file...
Hey guys, So I am in the process of moving into a new rented house but I have to fill in the application form first which asks if I have any CCJ's. Now I had 2 CCJs recently but paid them off in full. Now they will still show up on my credit file as they weren't paid within 1 month of being issued (I wasn't aware of them)…
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When should we get a Memorandum of Sale?
I'm very new to all this. Currently selling a house we've been in for 27 years and it was my first house! 3/5 - Accepted an offer and agreed to take off the market once confirmation of funds was received by EA 8/5 - Mortgage offer in principal confirmed by EA so off the market. 10/5 - Buyer's mortgage survey completed 11/5…
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Title plan
Is the title plan that comes with the lease etc for a flat 'set in stone ' as it were. I've been thinking about buying at auction and was reading the property pack and the flat is the upper part of a house and the lower is a smaller flat. The garden is referred to as shared in the details and isn;t demised to either but it…
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Trying to buy a new build in Scotland
We have been told by Bellway that we can't pick a property in one of their new sites unless we sell the property that we are in just now. They say that we have to be able to prove that we can fund the full amount for their new build. The flats in our street sell before the estate agents can get boards up so selling isn't…
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Main Residence vs Second home?
I currently live in rented accomodation provided by my employer at a very reasonable rate. I am considering purchasing my first property in the area I grew up. It would be the only property I own and I would not rent it out. It is around two hours away from where I work. Doing some calculations, it looks like I would spend…
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Handing back rented property
Hi All, We are a month away from handing back the keys to our rented apartment so are starting to prepare for this. We have been tennants for just over two years now and have never had any issues with the letting agent/landlord at all. We found our new “dream” home which meant we had to leave here 1 month before the end of…
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Should I get out of buy to let and get my own place?
I am after sensible advice, I currently let out a flat as I live for nothing at my parents (they are happy with this), except for buying food and doing chores. As I'm in my mid 30s I feel it's probably time I had my own place but I'm in two minds he to go about it. My dad thinks I should keep the buy to let and possibly…
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Empty Flat
Hi ya Live in a block of 5 flats....the original owner of one flat unfortunately died a couple of years ago. Since then their place has been empty. He left flat to his girlfriend....and she has since passed away. Her family are using the flat as a store.....whilst we have been paying for things/maintenance and had no…
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Builder Warranty Regarding Ceiling Leak From Upstairs Apartment
Hi, Just wanted some feedback as to how to best resolve this issue. I had a ceiling leak develop in my new build flat's kitchen ten months after completion. I contacted the builder who cover such defects in first 2 years (next 8 years covered solely by NHBC). Builder says they won't send someone round to fix it until the…
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council house with ISA
iv'e been living in a council house for 18 years and I wanted to buy it using the right to buy your council house scheme, where i would get a discount. but i have a help to buy ISA account with money in. Could i combine the help to buy ISA and the discounted price of the council house to by it??
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straightforward sale only, purplebricks conveyancing?
sale only, freehold, no mortgage on the property & no upward chain, shouldn't be any issues as far as we are concerned (famous last words). we're in a popular area & previous houses on our road have sold within weeks, if not days, so we're taking a bit of a chance & using a hybrid/online agent. Think it's worth the risk to…
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Selling a FTBI Flat (2018)
Hi all’ Firstly apologies if this has already been posted before, if so I’m struggling to find any posts! A bit of background - I purchased a flat using the First Time Buyers Initiative (FTBI) in 2012. At the time I bought the flat at £115k and I have a mortgage on the 50% that I own and the other 50% is owned by the…
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Order of Purchase
Hello, I would like to check the order of precedence when purchasing a leaehold flat. I have seen a flat that I would like to purchase. I have carried out some research and have decided on the ammount I am prepared to offer. I will make an offer If accepted, I will then instruct a surveyer to produce a report for my…
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Combining Deposit
My deposit is split over 4 accounts 1 of which is a HTB. I am wondering if it would make more sense to combine the 3 non HTB in one account to make paying the deposit easier. Or can you pay a deposit from multiple sources.
