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julia urquhart

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About julia urquhart

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  1. Why not try to get a job in a lettings agency? Get to know the business from the inside
  2. You are correct. Make sure you take meter readings & photos of meters prior to and at the end of the tenancy.
  3. You seem to have covered all the bases, my only other thought is whether the loft space above the bathroom is insulated (you mention the roof) and whether there is a radiator in the bathroom. Could it be that the ceiling is cold so condensation occurring?
  4. Only a lawyer could write that - no offence Kerry! Syv1878 my (emotional) advice is either let the tenancy go periodic - things change & its best not to be tied in to an agreement that you may want to end - or go back to your agent if your tenant really wants a new 12month contract, but let the tenant pick up the bill! I find that if they have to pay for the agreement they often prefer to go periodic. They may just need reassuring that you aren't going to want the property back soon. BTW unless you agent was tenant find only I imagine they might be a bit upset by you issuing a ne
  5. The longer you leave that mess the worse it will get! Not much that you can't do yourself in terms of clearance, then I would get it laid to an easy to maintain garden - ie gravel & slabs without grass. Looks like you could get off street parking at the back - that will definitely add value.
  6. I would go periodic - and put in a rent rise. No advantage to you to sign up for another year.
  7. Your agent works for you - so tell them this! Did you actually accept the offer or have they accepted for you? I would tell them I am not prepared to accept an offer from anyone who is not ready to proceed and tell them I wish them to actively market the property. If they continue to keep your property off the market I would reject the offer they appear to have accepted on your behalf, wait the 12 weeks and remarked with someone else. Their behaviour is outrageous!
  8. As you say this is very common in properties of this era. In your shoes I would go for the indemnity - as long as your buyers will accept that. The risk is going to be with them and it will depend on their circumstances and the advice of their conveyancer. Unfortunately their conveyancer seems to being awkward! The excerpt from the title just seems to be about your access of the passageway, I imagine the problem is the red line which does not include the upstairs bit. If they won't accept the indemnity you may have to go the LR route, but personally I think it is clear what is being bough
  9. The answer depends on how long you are planning to keep the mortgage. If you intend to keep the mortgage for 25 years then the rate is key, if you will remortgage after 2 years then the fee is key. Remember all mortgage providers are borrowing money in the same market so they either get you on the rate or they get you on the fee. I work out the total cost over 5 years (fee + payments) and that tells you which is the best over 5 years. Personally, I like to tie in for as long as possible (preferably low rate tracker for life although these are not very available now) because booking f
  10. If you are taking a further advance that is not repaying the mortgage so don't see there would be an ERC. Bottom line is you need to speak to your mortgage holder as everything depends on the t&cs of your original mortgage.
  11. 3.82% on a rest mortgage - seems outrageously high! Interest rates are going up in the next year so will you be able to afford it if it goes up?
  12. Bungalows usually attract a premium because of desirability for older people. The number of older people is constantly increasing so I think its probably a good buy for rental & for capital growth.
  13. I kind of did this - I had a house which always had one of my kids in & then they filled the rooms with their friends. What I would say is that even in this scenario students are high maintenance tenants. They are hard on furnishings, not very good at reporting problems, break things and often have no idea how to live in a house without causing problems. As long as you are close by and can pop in frequently to do maintenance (I used to go in and scrub the bathrooms & deal with the mould each holiday) and can repaint every year, the finances are pretty rewarding. If you let it out
  14. The area between the city centre and the hospital is a great place for rentals - both students & hospital workers live there. Beware of non-standard construction properties as there were quite a few built in Derby after the war and many maybe coming to the end of their lives - if water has got into the concrete and the steel reinforcing rods have gone it will be an expensive job to fix. I prefer houses to flats - you need to be sure you factor in any ground rents etc in a flat as these come straight off your bottom line. I would also not buy a Victorian property as your chances o
  15. Without knowing a bit more about the figures involved it is tricky to comment. Certainly on the face of it being asked to pay 'thousands' seems harsh.
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