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Tenants in Common
Just looking for a basic understanding of this agreement. My sister's friend died recently leaving a husband and their two adult children. Their house was owned outright but for some reason they decided to opt for a Tenants in Common agreement some years back. Sadly the wife died three years ago and the husband realised he…
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Repossessed house price advice please.
I have had my home repossessed. I had the house on the market for £99,950 with the local estate agent, which is the going price for houses in the area. I have just found out that the mortgage company have put it on the market for £74,950!!! Obvously they are going to come to me for the short fall and I just wondered if…
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Advice Needed - FTB in New Development
Hi, We have started looking at new developments for our first house purchase after being disappointed with properties nearby in our price range. I've done a lot of research of potential sites and properties but had a few questions I was hoping for some help with: 1) The development has a "price list" - what does this mean…
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Buying from auction - mortgagee NOT in possession
Hi guys. I hope somebody can help. I'm interested in buying a house from auction. It's described as being sold by the " mortgagee not in possession". I spoke to the estate agent who said that it hadn't been repossessed but that the vendor didn't have keys and couldn't confirm whether anybody was in there or not. They…
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shortage of property - FTB difficulties
Question: why are there so few properties on the market at the moment (at least in London) and why are there so many people looking to buy them, often meeting the very high asking prices? Everything even remotely within reach of a FTB which doesn't require total doing up (difficult when any ounce of spare cash has to go…
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New Build Delayed!
Hello all, I purchased a new house off-plan in December. The contract says that it will be completed "approximately 24 weeks" after exchange of contracts (and 10% deposit). Contracts were exchanged & deposit paid on 23/12/09, so completion should be around 09/06/10. Today I have just been informed that they don't plan to…
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Consent to Let
This is one for MissMoneyPenny (apologies if this is the wrong spelling) and Firefox Today, for the first time ever, I have been asked by a set of prospective Ts to provide them with evidence that I have "consent to let" the property. I thought you would be interested to know since you I seem to recall that you have both…
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How to find surveyors/solicitos?
Hi all, Am planning on buying a place (at last!) but dont really know anyone in the areas we are looking who have bought recently, hence I have no way of selecting a suitable solicitor or surveyor by personal recomendation. Whats the best way to identify one?
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Should we rent our house out or sell ?
Hi all After a bit of advice and pick your brains !, Long story short we brought a new home 7 months ago a large 4 bed detached we have now decided we would like to downsize a bit as this is jst too big for us its valued at 230k and our morg is 140k or £670 a month repayment We could sell but given the current situation…
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Storage Heater wont come on
Hi , my tenent rang me today to say the storage heater wont come on.I am going round tomorow to see if it is being used correctly.My question is the storage heater is new really not seen through two winters yet and they arnt used in summer.Who will need to see to the problem. 1. Me because i own the property. 2.The…
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Joint Tenancy / Guarantor or Avoid altogether?
Hi Everyone I have been asked to act as a guarantor for a close male friend of mine. Having looked into it I am wondering if being a joint tenant is a better option. He has ccj's which prevent him from securing a tenancy alone. He is in full time employment, I am a home owner in full time employment, so I am a good…
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Town changes affecting my property, compensation for everything and how to do it?
A relief road is planned to run at the bottom of my back garden through what is at present a council car park. Previous to that it was allotments but the council took over the land in preparation for the bypass and made it into the temp car park. The end of my garden is going to be taken by the council for this but…
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Some Advice Required <pretty pls
Hi folks , Having a wee debate here between my partner and i ,looking for some extra opinions ,so heres the dilemma : We are looking to move as we are graduating from uni this year (wooohhooo).Our debate is over whether to sell our property(and boogie on outta here ) or to rent the place out (whilst still booging on otta…
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Friend just signed contract - but pregnant!
My friend has found a lovely 1 bedroom apartment in the city centre, it's her first house with her boyfriend! They have had SO many problems with it, with being lied about parking etc, but they got all that sorted out. They gave the money for the deposit, and also paid the first months rent. They started to get things…
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Ok, I'm American and our homebuying contracts are different but are they better?
Eventually we would like to buy a house here but it's a bit scarey reading some of the things that go on with contracts and such here. In the states, bascially when you put in an offer to buy a house, it is a contract. The house is removed from the market and it's pretty much yours. The offer sheet has some protection such…
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stress
Hi My tenants want me to pay 50% of their gas bill since sep 09 till now due to 3 previously broken radiator valves. However, i only found out they were broken in nov 09 when i went to inspect the property- tenants did not tell me otherwise. I then got them fixed in 3/52 -the delay mainly down to tenants not opening door…
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Buying your council house
Is this the right to time to buy? I am not getting any younger (40's), and I keep thinking about it. Only trouble is the rent we pay compared to a mortgage would be loads more. Advice please? TIA
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Selling a house but keeping the mortgage?
I was interested in finding out if it is at all possible to sell a property but still keep the mortgage going? If so, i would love to know more about how to go about it Cheers all. x
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Porting a mortgage
Hi there, wondered if anyone could help, sorry if these questions sound naive! when bought our shared ownership house a few years ago we bought our 60%share for £66000 putting down a 5% deposit of £3300. We've got 2 years left in our 5 yr fixed rate mortgage. I phoned nationwide to find out how much equity we had and they…
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Moving debt/equity to move house!
Hello all. First post on this forum! My partner and I are desperate to move house, from my two bed end terrace to something a little larger and further into the countryside. We each own a house, as she bought hers a few years before we got together. When I bought my house (approx 3 years ago) I was "loaned" a deposit by my…