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Getting a Mortgage after a repossession
Evening All, My name is on my ex's mortgage still and the house is up for repossession soon, unless a minor miracles happens on her side. My concern is how long will I have to wait to get a new mortgage of my own, I currently rent a house with my wife and kids, but would ideally love to own a property. Any help would be…
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Adding my parents to my mortgage - legal & tax issue
In order to take over the mortgage from my ex my parents have offered to come in on the morgage. The mortgage company is happy with this and I will pay all of the mortgage payments, get all of the proceeds / loss from the sale. And obviously if I can't pay they will have too. Google searches haven't come up with any clear…
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buying flat to rent out
i am thinking of buying a house in a high rise flat so i can let it out. what i want to know is if the flats were to be demolished years down the line, how much would i get back for the house? could i name my price for it? could i more than double my money?
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Is this realistic
Trying to find out if this is possible? i have been a council tenant for 30yrs. I have a 3bed semi which i would probably get for around £30,000 value of property around £90,000. I am having to relocate down south, problem being i would have to rent private, not too happy at not having any security. If i bought my council…
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Urgent Advice-Leasehold service charges
Hi, I wonder if anyone could advise 3rd party, my friends daughter who is currently on maternity leave is in tears after receiving quite a demanding letter from the leaseholder of the flat she owns. It's in a block of four, the leaseholder rents out two of them and the other two (one of which my friend's daughter bought 3…
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shared equity/ownership, rent back advice???
Hi, need advice on any of the above or help with my situation. A family member has recentley passed away and has left the estate consisting of cash and property to myself two sisters, Dad and uncle. My Dad who gave his house up in a divorce settlement with my mother some years ago and has rented since wants to buy this…
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NIHE LHA Query
Just a quick question, my partner and I are currently in private rental and we get LHA from NIHE, we are moving out on 1st March into a property that my father owns and I was just wondering if we are still entitled to LHA? The house is empty as he now lives with his partner. He is thinking about putting the house on the…
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Interest on rent deposit
I'm handed my keys back on a flat I rented for 10 months yesterday and wondered who is entitled to any interest earned on the £625 deposit held through my tenancy? Does anyone know if I can ask for this to be refunded to me, if the letting agent made interest on it? I live in Scotland. Can't seem to find an answer but I'm…
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Impartial conveyancing information
I have setup a new blog at http://www.conveyancing-quote.net which I will document my personal experience of first time home buying. I have also added a feed of general property market information. Its currently in development, so be kind, however im going to try and do some guides on how to save money on conveyancing and…
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have we sold our house for free?
:think:We have just agreed to sell our house through a London based company who say they use investors to buy property. The offer was 10,000 under the asking price which we were happy to accept. The deal involves paying 1% plus vat of the house value to this company which is to be refunded on completon of sale. This is to…
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properties in north are cheap?
properties in north are cheap?
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Advice needed - Overcrowded and can't move
Hi, Not sure if this is the right place for this but here goes. We bought our one bedroom house just over 3 years ago, we have since had a baby and had always planned to move to a larger property before he was one. He is now 2 and still sharing our bedroom and due to our financial circumstances changing in this time…
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Do I need Planning permission
.. to split a room and move the bathroom into that - There would be no window so we would be thinking of making a new one??
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Should I sell or rent?
My husband and I have a 2 bedroom flat. We purchased it 5 years ago for 150k and have a 141k mortgage. It has been valued at 160k. We have a son and I'm pregnant again so are desperate for more space. My husband earns 45k and I earn only 5k. We don't have any savings. We are thinking of selling the flat and making…
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Transfer of title deeds to a sibling. Help!
This is a bit of an odd situation I'm in and I've looked on the previous postings by they all relate to someone who's died or couples who are either removing a partner from the deeds (very sad) or adding someone (very romantic). I own a house with my sister (in that we paid half each) but it is registered in my name. I'd…
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help please - should i buy out my partner?
Hi there- Hoping to get some advice on my current situation. My husband and I are in the process of separating, its been on the cards for a while and so far we have been able to keep it relatively amicable. The one aspect that is causing us grief is our house. Its a 2 bed so even if we are in separate rooms we are getting…
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bridging mortgage advice
Hi, I am trying to move house. I have found a property I like yet still have to sell my own. A family member has offered to bridge the gap i.e. so I don't need to sell as part of a chain and I can get moving on the new one. However I talked to an IFA and they say its not possible as I need to continue to pay for the old…
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Urgent Exchange of Contract Advice Please
SORRY THIS IS A LONG ONE!!! Firstly, as my username, I'm a discharged bankrupt, but only been discharged 21 months so won't qualify for mortgage even with my partner who is 100% 'clear', so the house 'we've bought' is in her name solely. In August 09 we decided to look at buying a bigger house, we live in a great part of…
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Is there any inherent problem with buying from divorcing couples?
We found a nice house (but hadn't set our heart on it) that was being sold by a couple going through a divorce (they weren't divorced yet). They'd put it on the market for £379k but we thought it was only worth £360, based on similar properties in the same street on the market at the time. We put an offer in and it was…
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Mistakes on HIP on property we are purchasing?
Hi there, Just a quick question - there are a couple of points on the HIP of the property that we are buying that are incorrect and I'm wondering if this is going to delay the sale at all? The mistakes are not an issue to us, in fact they work in our favour but I'm wondering if the solicitor might pick up on it? It is a…