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Inherited house to rent - Ceiling Problem
I have inherited a house and I want to rent it out. The thing is it has ceilings in some of the bedrooms that have been made of a foam type of material that have been stuck to the original ceiling. A friend has told me that it would be classed as a fire hazard and I would therefore not be allowed to rent the house out…
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Rental Increases Legality
We received a letter from our landlord complaining about a few issues which were dealt with over the phone a while ago. At the end of the letter we were informed that the rent would be increasing by 6.84% which I feel is too much of an increase. We have been in the property for just over a year (although my girlfriend has…
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Help - Leaving UK with Property to Rent
Hi, I will be leaving the UK shortly for several years and need to rent out my property. I have a few questions which I would be very grateful if someone could answer. The property is jointly owned by me and my wife. In terms of tax, would the income be treated jointly (i.e. 50:50). My wife doesnt currently work and I'm a…
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Avoiding 3% stamp duty on £260k property?
A friend of mine is selling a house with sale agreed of £260k . The buyers want to avoid paying 3% stamp duty by putting the property through at 250K and giving my friend a bankers draft for £10k. What are the pitfalls of accepting such a deal and if/when should my friend take the £10k bankers draft (exchange or…
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Legal fees – Do these prices include VAT.
My girlfriend and I are buying a bungalow for £166,500 (subject to satisfactory survey etc) and we have had our solicitors fees come in and I just need to clarify what disbursements I will have to pay VAT on top off. I am reluctant to phone the solicitors as I know how much they charge to receive phone calls etc, once they…
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help I don't understand bidding!!
I have bought three houses in total but to my shame if truth be known I do not know/understand how to bid or deal with bids. I have a house to sell (just on the market) and have bid on two houses just now one above asking price (in competition with someone else on) and one below asking price (I fully expect to have to pay…
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How many weeks per year renting out a holiday property?
I'm getting into the holiday property market for the first time and need to get some estimates for my cashflow forecast. What percentage of the year is a reasonable estimate for the amount of time a property is likely to be rented out? I realise this is likely to be a stab in the dark but any advice is gratefully received.…
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Help Wanted for Buy to Let-ters
My husband and I own our property outright, worth approx £150,000. We are considering buying next door for approx £140,000 and joining them together to make one house. We have already approached the Council about this and they have advised us they can see no reason why these plans would be declined. Once we have made the…
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FTB needs advice about taking house off the market
Hi there I've just put in an offer for a house, that has been accepted. I asked for the house to be taken off the market. The estate agent phoned me back to say that the vendor would only change the 'for sale' sign outside the house to a 'sold subject to contract' sign when contracts had been exchanged. Is this normal?…
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Rosie Millard decides to sell - tenants in arrears
The laughing hyena (hee haw hee haw). When the last bull in the room starts selling.....its pretty obvious (and too late for Rosie) to see whats coming - Rosie Millard trying to sell up - http://www.timesonline.co.uk/newspaper/0,,176-1655725,00.html Not to worry Rosie, you only missed the window to sell by 18 months.....…
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When is live-in partner entitled to house?
Hi, If your partner lives you for 2+ years are they considered common law wife/husband and therefore legally entitled to 50% of house. Is this still the case if they are not on the mortgage but make a contribution towards it
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Holiday Home advice needed
I'm currently looking into buying a holiday home abroad (or possibly several) but I could do with some advice. Naturally I'll be wanting to rent them out when I'm not using them in order to reduce the costs or even make a profit. Can anybody give any advice on how best to go about renting out holiday homes? Are there any…
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Offer made valuation less .... ?
Hi We made an offer on a house for asking price @ 560K. The valuation has come back with the survery @ 525K. Estate agent of course says 560k is the market price. Any advice or suggestions ?
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Am i allowed to sell my own house???
Hi, I have recently bought a new house. Is it true that some developers set a clause that does not allow you to sell your new house within a specific time period of you completing?? Thanks
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Legal Advise Needed Got To Sell House
Situation is this... Partner left me a while ago, got herself in one hell of a lot of debt since & is being forced to go bankrupt. I know I have got to sell the house as she owns half of it & I don't want to buy her out as I think the housing market is about to fall. Question is this. Can her receiver (Apparently one is to…
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Renting Right-To-Buy in first 3 years
My understanding was that with a rtb selling within the fiirst 3 years would incur a clawback of the discount but I have now been told by one person that there is also a restriction on renting the propery during the 3 year period - I have never heard of this and can't find any mention in the proposed lease - does anyone…
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Anyone heard of ProfinderUK?
Anyone heard of ProfinderUK (https://www.profinderuk.com) I have my house and car up for sale. They claim they can sell my house and car within a week as they have interested buyers lined up. All for a up front charge of £99. I think it's a con but wanted your advises
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changing sole agents
ok with a sole agent but just not getting the viewings (i dont think its advertised in the right places)(best places anyone?) im going to have to wait a month before i can go with another agent. Theyll be pretty strict with doing that wont they. I could go to another agent & get their thoughts on how to bypass this
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Offer after Survey
pls approx how long does it take to get an offer from abbey after the survey thank you Medical
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Buying House from Dad
Hello - wonder if anyone can give me some advice please? My dad owns his property (no mortgage). He is getting near to retirement age and I was considering if it would be a good idea for me to buy the house from him so that he then has the cash, but for him to then live in the house as my tenant. My question is - he is not…