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Rented to illegals
Right here's a weird one: I got a phone call this morning from the police saying that they have raided a house I let and arrested the tenants on drugs charges. They also believe the tenants are in the country illegally. They say the tenants have likely faked documents to get past the right to rent. They also said the house…
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First Time Buyer - Please Advise
Hi, I’ve made a thread in the hope that others could share the views and maybe give me a clearer sense of my current situation. My partner and I are due to get married in August, our wedding is practically paid for in full except for roughly £1000.00ish of costs that will need to be paid. Additionally we have almost enough…
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Flood risk - Brooks and streams
I have just had search results back for a property I wanted to buy in Thornton Heath and it says further investigation as there is a brook/stream nearby called “Norbury Brook”. I didn’t even see it when I viewed the property and it wasn’t picked up by the surveyor. It is quite small and hidden if you google the stream…
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Tenant not paying on time/in full
Got a long term 3+years tenant who has been paying late recently (says due to pay day changing) but is also slightly in arrears. The rent level is low and hasn't changed since she moved in. the flat is unfurnished and I don't have any middle man taking commission so i receive the full rent. However it is £90 less than the…
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Second Property Abroad - Stamp Duty
Dear Friends, To be qualified for standard Stamp Duty rates, my property or shares on the property abroad has to be valued less than £ 40,000. What do I need to send to HMRC to provide them such information? I have the Land Registration of the property in our names and the value paid in 2007. Thanks in advance for any…
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Money from Abroad
Dear Friends, I am just about to enter the "completion" step. At this point I am preparing to pay the 10% deposit to my solicitor account. However, as the money comes from abroad, he refused to have the funds transferred from my investment bank abroad and his account. He knew since the beginning and I provided - as…
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Shared ownership – purchase final share via bank loan or mortgage?
Hello, and thank you for letting me join these boards, I’ve been a browser for some while. I own 75% of a shared ownership property (mortgage is paid off), and was planning on relocating and subletting in a few months’ time. But apparently I can only sublet if I own the entire 100%. My question is: would I be eligible at…
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Letting fees to be banned from June - MSE News
Landlords and letting agents in England are set to be banned from charging tenants letting fees from 1 June...Read the full story: 'Letting fees to be banned from June' Click reply below to discuss. If you haven’t already, join the forum to reply.
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Own house outright which has tenants
Hi, I own my house outright and have good tenants in paying roughly 680 a month with letting agent fees taken out. I also work as does my wife. We are both in our 60's. The house us not worth much 175,000 at the most. We would like to purchase another property at a lower value abroad and run as a b&b fir 6 mths of the year…
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Own house outright which has tenants
Hi, I own my house outright and have good tenants in paying roughly 680 a month with letting agent fees taken out. I also work as does my wife. We are both in our 60's. The house us not worth much 175,000 at the most. We would like to purchase another property at a lower value abroad and run as a b&b fir 6 mths of the year…
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Council tax on Empty Properties
Hi all, I've recently been chased for an outstanding Council Tax debt from Birmingham Council, for a property I rent out. Turns out I owe a small amount for the period in-between 2 tenants, as they have changed the rules for empty properties. In the past, the rules that I understood were that if the property was materially…
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Roof leak
Morning all ... I noticed on Saturday evening I had damage to the ceiling in the living room from a possible leak on the roof, my living-room is directly underneath the pitched roof, which was part of an extension that was built in the 1980s. I have owned the property for almost 3.5 years. I have had two roofers out since…
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EPCs: any practical use?
Beginning to think we must move in to a more suitable dwelling for our vintage, I'm delving in EPCs. A problem, sticking out is that rather than quoting energy used, which is permanent estimate, they chose cost. The latter is soon outdated, and depends on how calculated (tariff). In my immediate area most are well old, and…
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Dodgey housing situation?
Hi, we moved in to our flat a year ago now. Was given a six month tendency. The flat wasn't ideal when we first moved in, with storage heaters and the weather at the time it was cold!! I was concerned about how much energy we were using however the landlord said we could just pay him an extra 120 month for all bills and…
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Offers Over - Scotland Help
Hello all, My husband and I are first time buyers. We have seen a property we really love after two viewings. My query relates to the 'Offers Over' concept in Scotland. The property is currently only the market for Offers Over £119,000 however the home report valuation is only £120,000 (£1000) difference. From what I have…
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Right to buy valuation
I've been receiving conflicting information regarding RTB valuation. Is the valuation based on house prices around the area/street or house prices based on COUNCIL houses sold around the area/street? Could someone enlighten me on this. Thanks
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[Brexit] Post offer renegotiate
Hi - first time buyer and first time poster, but I am a long term reader. I am in the process of buying a house, at around 370,000. I have secured the mortgage. I made the stupid mistake of not negotiating because there were number of viewers who were interested ( we arrived as they were leaving). I really like the house…
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Purchasing a Leasehold Property
Hi We’re in the process of selling and purchasing - the property we’re purchasing is a leasehold with a small fee of £12.60 per annum. The lease has over 800 years remaining and out solicitor confirmed there were no immediate concerns with the leasehold agreement. We are no in a position where we can proceed with our sale,…
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Landlords insurance
Hi. What's the best company or website to buy landlord insurance from. I have recently got 4 properties, two are vacant and need developing and 2 have tenants. DSS 8m assuming as I'll find out on contract handover. Some companies I have called won't insure the unoccupied properties and some want professional tenants. So…
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Scotland - noting interest but different solicitor for offer?
Hi all, Asking on behalf of my BIL (FTB with his wife). In Scotland for the legal differences :-) He’s found a property he likes and wants to offer on. However he has a meeting with an independent, whole market, broker on Friday. **some** lenders offer free standard legal services... So...the question is, as he’s keen on…
