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Part-exchange house
My boyfriend and I are looking to buy a new house. He already has a house which is roughly worth £175,000, with about £100k left on the mortgage, plus it was bought with help to buy so they would be owed 20%. I also have a property, worth about £75,000 with £60,000 left on the mortgage and also bought with help to buy so…
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When to give notice to current landlord
Hi all, I have a quick question and I've looked everywhere and can't really find any answer online. I am currently renting a flat with a standard AST and a 6 month break clause contract. I've passed the expiry date for the break clause so I can now give it when I want providing a month's notice. My question is, having…
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House with a large workshop
Hi Just wondering if anyone knew anything about this kind of thing. So basically my husband runs his own garage working on trucks, vans etc. Together with his rent for his workshop and our mortgage payments we are paying around £2000 a month. He had a thought about buying a house with some land with a workshop on it so he…
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Help to Buy ISAs & Exchange Deposit
We are putting a 15% deposit on a 245'000 property, both first time buyers. Both using help to buy ISAs. We expect exchange to happen in April but property not ready to be completed until July/August. Can we pay our exchange deposit 10% (24500) with our savings (not our HTB ISAs), and continue to let our HTB ISAs mature…
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Buy, sell and move v. sell, storage, buy
Hi, DH and I thinking of selling up and buying in a completely different part of the country. This means we could be cash buyers and live off the equity we gain before our pensions (DH 63 - me 57). We have been thinking about it for quite a while. I would go tomorrow, DH a bit more cautious - but he is now coming round to…
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Buying ex council...
Having put in an offer on an ex council flat as a buy to let (first timers), we've had a moment of uncertainty as one letting agent (out of say 8 we have contacted) has said they find it hard to let out flats there because of its reputation. When pressed, she said 'well you do know the area?' and asked if we had considered…
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Persimmon Homes freehold
Hi all, We are looking at buying a new buid Persimmon Home (freehold)... yesterday when we discussed it with the salesman my husband asked if we could put a conservatory on in the future (after we've repaid the HTB loan we would need to purchase the house) and the guy said we could, for a £300 fee to Persimmon. I asked if…
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Shared Ownership Question
What are Housing associations like to deal with? I have read that they pay regular visits..... For one particular shared ownership home i am interested in.....my hope was to buy the minimum share outright and then keep a lot of money in my bank to dip into to pay the final 20% of my outgoings each month that my income…
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House with separate detached annexe Wales
We are currently looking at a property with a detached annexe and looking to place an offer I was just looking for any information on stamp duty and council tax - the member of family in the annexe is registered disabled and a single occupant. Information online is difficult to navigate so looking for any advice. Thanks in…
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Edwardian Mid Terraced
Good evening, I am going on a 2nd viewing of a very lovely Edwardian mid terraced property, and I am looking for anyone’s experience of neighbour noise in this style of property. The master bedrooms are not next to each other, but the kitchen/diner area are. Living room is next to next door hallway. Just looking for any…
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Valuing a part share?
Hi, If a house is split between 3 people each with a 1/3 share, how does a valuation on a single share usually go? If for arguments sake the house was worth £90,000 the share would be worth £30,000 if everybody wanted to sell. But what would the market value of that single share be? As in an advert went in the estate…
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Split ownership of rental property and tax on rental income
Hi All, my scenario is as follows: My younger brother and I are in the process of buying a rental/investment property, where we will each contribute 50% of the deposit. Due to my brother's financial status we are working on the basis that it will only be me holding the mortgage on the property. In order to reflect the 50%…
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Does being on another deed count as a second home?
Hopefully a nice easy question for all of you experts out there. My wife and I are currently in the process of buying a home valued at around 300k. During a chat it came to light that my wife currently has her name on the deed of her mother's house, a precaution she took when my wife was a child to protect her if she…
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Flooded Property
Good evening, I would like some advice on a recent incident in the block of flats where we live : - Pipe bursts in first floor flat in our block whilst owner is away for Christmas. - Our carport underneath gets 'flooded' ie water is coming down the walls - The Flat behind our carport on the ground floor floods as water…
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House undervalued (first time buyer)
Hi all, So I’ve had an offer accepted on a house. Mortgage approved and the surveyor has valued the house at £10k lower than the agreed price. £5k lower than the original asking price. So they are now refusing to lend us the full amount required, and we don’t have a spare £10k cash to put towards the deposit. This is…
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Valuation refusal due to house being next to a public house.
Hi, We are first time buyers with three children, the property we want is a bungalow next to local pub but raised up. The mortgage went fine till the valuation went ahead by natwest, they said the property has no resale as it's next to a pub. This sounds ridiculous to me and our mortgage advisor who is currently appealing…
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Being added onto a tenancy agreement
Helpppppp!!! I have a DMP (£470 a month) which is very affordable to me but because of this I obviously have a bad credit rating. My partner has asked me to move in with him (rented property) he has been there for almost a year with no issues. He is financially secure and didn't need a guarantor when he started his…
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Mould - Humidity or Rising Mould
Hi, if you would see those pictures. DO you think it is either rising damp/mould or would you tent to say this could be even a structural problem or is here the tenant at fault? https://imgur.com/c9Sa2DC https://imgur.com/c9Sa2DC https://imgur.com/Yec1Fbz https://imgur.com/KLTTIL7 https://imgur.com/GKWn9ny According to the…
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Issues with Landlord
Hi all, I'm a leaseholder and I'm having some issues with my Landlord. Firstly, the doors in the apartment complex require key fobs to open them. The Landlord changed the fob system and I can no longer go through one of the doors that I could before. I'm told this is intentional. The door is accessible from the street and…
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Part exchange on a new build - how does the mortgage work?
Hi, My 5 year fix ends at the end of March and I'm currently considering my options. There's quite a few new builds round our way currently and whilst I know I may lose a few quid doing it this way, I'd prefer the peace of mind and minimal hassle of part exchange if it is a viable option for me. So here's the bit I don't…
