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Possible costs of being a landlord
Hi this is my first post and I am hoping for some advice from those who have let out a property. I do not really want to become a landlord but it might be my only viable option going forward. So here are the facts Old property -I own a two bed property (finished paying the mortgage last year). -I put this house up for sale…
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Londoner attempt to get on the ladder!
Would love some thoughts. I'm in London and have no hope of affording what we (family of four) need to live in, so am considering alternatives. I'm looking into buy to let outside of London so we can hopefully get something behind us long term to be able to afford a better home in the future. We can afford under 200K, so…
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Buying new build show home
Hi everyone, I’m a FTB and looking at purchasing a new build show home under help to buy. Now initially speaking with the sales assistant they would’ve budge on prices for new build plots on site. Would this chance with the show home? Technically speaking it’s not “new” as I think it’s been up to close to a year maybe, but…
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Can I count this damage as a deductible expense on rental property?
Last year I was renting out a small flat as a short term holiday let. The final guests caused some flooding, which by the time we discovered the cause had done considerable damage to the floor and put the flat out of action for three months while we fixed it, at a labour cost of around £1500 overall (insurance wouldn't…
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Estate Agent Accessing Property After Completion and Damage to Property
Hi, I was after a little perspective. I completed my house purchase on the 19th December. However, on the 29th Dec, a sign contractor came by and put a For Sale sign on my wall, and in the process brought the wall down (and broke a part of my fence). To be fair the top bricks on the wall needs re-pointing, but it's stood…
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Deposit scheme - landlord has not done it
Hi, just wondering if anybody can help me or advise me in anyway. Please. I moved in September just gone...and paid a £900 deposit...got the keys on the 1st September. Only to find there is no heating nor hot water - STILL!! wt... Anyway, I assumed the landlord would put the deposit I paid into the deposit protection…
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What Estate Agent to go with?
We are looking at getting our house valued within the next week to be listed for sale ASAP. This is the first time we will be selling a property and I wanted to know opinions on what EA to go with, there are a LOT of different EA's in the area we live. We are really interested in one property that we will put an offer in…
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Ceiling Collapsed. Rented Property. Asbestos?
hi all A ceiling collapsed in one of our bedrooms last night. The property is rented through a notoriously bad agency who have taken ages to sort out previous issues. How should we pursue getting this fixed and securing money back? We're also concerned of whether there is asbestos in the ceiling as we have no idea when it…
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Purchasing a new build house - Paying deposit
I am currently looking into buying a new build house on a development which the initial phase is due for completion in June 19'. I currently have a mortgage on a property and after a recent valuation we have calculated that we would have approx. £80-90k in equity to use as a deposit if we decided to move. My question is…
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Noisy Neighbours
I live in a very small block of flats in a normally quiet area. I accept that while living in flats, some noise is expected and can usually just ignore the bangs and occasional parties. A few months ago I had new neighbours move above me. No huge issues but I've come to realise that they play music or watch TV extremely…
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Solicitor Fees
Hi there, I am after advice. Back in October my husband and I saw a house we loved, they said if we put our house on the market and got an offer which we accepted they would take their house off market. We got our house on the market within a week got multiple offers accepted one. I then rang round for quotes on…
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Getting flat valued this weekend - what to expect
Hi all, Happy new year. I am getting my flat valued by an estate agent this weekend. It is purely out of nosiness / curiosity more than anything. However, I don’t know what to expect and have a few questions. Background is that I bought about 1.5 years ago, it was a new build off plan, zone 2 in London. Really, I just want…
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Affordability Assessments
Hi, Although im new to this forum, I do very often look at this site for information and discussions. I just want to know how on earth anyone is supposed to pass an affordability assessment as it seems that this process of trying to get out of rented accommodation to make a step onto the shared ownership scheme is becoming…
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Spare room
Hi everyone, I have recently purchased 50/50 shared Ownership Leasehold Property. It has two bedroom.I am using one of the bedroom and the other bedroom is empty. I want to let my mum live on the other room,Because she has nowhere to go and I don't want to charge any rent. Do I need to contact the Lender and the Council…
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Fake Equity release ?
Hi all This is probably the wrong section but I cant see a more appropriate one. Do you know if it is possible / likely to get an equity release approved for a 25 year old couple with a 90% mortgage between Christmas and new years? I'm almost certain it isn't possible. They hardly have any equity to release and surely an…
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Parking Permit - Restrictions in Lease
I am in the process of purchasing a leasehold property that sits within a controlled parking zone (CPZ). The road in which the property is located requires residents pay for parking permits to park there during the week. This is all fine and dandy and I am happy to pay for one. However, upon recently reading the lease…
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Selling in England & Buying in Scotland
Hi,I hope someone here can help. My husband and I want to sell our Bungalow in Lincolnshire and move to a similar one in Scotland. Our Property is not yet on the market, but we want to buy in Scotland where I know the Laws are different. We don't have a mortgage as we are both Retired (70 and 71 years of age) - and neither…
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Offer on 'OIEO' price
We're looking at a house which is on the market at OIEO 450k. The EA has told us it's been on the market for over a year, originally with a different EA who had over-valued it at 560k... then reduced it to 485k, and 3 months ago reduced to 450k we know the vendors are keen to sell ASAP due to relationship breakdown. A very…
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Getting Deposit Back on Periodic Tenancy after 20 Years
I left my rented house after nearly 20 years, 19 of which were on a statutory periodic tenancy. When I first rented, I paid a bond equal to one month's rent. I had no notification ever that the bond was subsequently protected. There was no inventory, photos, or anything signed other than a basic tenancy agreement with no…
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Service Charge Fraud?
I live in a block of flats where 8 of the flats belong to our landlord. I have a strong suspicion we are subsidising what he should be paying on those 8 flats into the maintenance pot. One of his flats is below me and had a major overhaul, there were builders in there for perhaps 10 weeks and now my service charge has gone…
