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It's up to you. There could be an extra £8k in it (minus costs). Until exchange of contracts you can pull put of the sale/purchase without penalty to the other party. You can always go back to buyer no1 and say..."I've received a new offer of £250k if you match it you can still buy it."...

I'd guess 2 out of those 3 options

I read my own legal packs. Once you know what you are looking for they are fairly simple to understand. Leases, land tegistry titles and plans...I can teach people aswell if anyone is interested. Conrad

Hi, Contact Sasha Charles at Landlord Advice UK. Search for them online, they are based in Crawley but cover the Whole country. Free tenant advice over the phone, fixed price notices and evictions. Its all they do! Used before and very impressed Hope this helps Conrad

Hi again Jemima, Ok you have complained to the Agent and got no where. Complain to the obudsman is the correct action to take. Keep yourself calm, stay focused on the facts and you should win this.

If you go to every viewing of your chosen property, you will gauge the level of interest in that particular auction lot. You can then formulate your bidding strategy to suit ahead if time.

Hi Nothing to do with Brexit. More to do with availability of funds and 'spare time' to source and buy another investment property. Conrad

Yes, dont work with yields, they do not take into account any expenditure or expenses. So a rental property with a lower yield could make more ROI if it has lower overheads, and/or was purchased with an interest only BTL mortgage. Estate agents and advertisers like yields because people...

Hi All, Legals, research and property inspections. As for never making the first bid?? So long as you win the property for your max allowance you can make the first bid! Just be sure your LAST bid is at your maximum, that's the skill, it takes a quick mind and maths sometimes. Stand at the...

Hi, In 2020 = 5 By 2025 = 10

I dont look at yields. I look at ROI. Return On Investment. Yeilds are pretty meaningless. I factor in a lot of capital appreciation as I only buy at BMV, below market value.

Hi You asked the vendor, but did you ask the estate agent at the time of your visit? You can always complain to the ombudsman anyway, but I think they would prefer you to complain to the estate agency first before they act. Hope this helps Conrad

Remortgaging has potential benefits: 1. Release equity/cash to either reinvest or spend as you wish. 2. Lower interest rates than your current mortgage is on, and therefore lower monthly payments. 3. In some cases both of the above. Always seek out a great mortgage broker that has the...

If the TV programs showed the reality of property development, it wouldn't make great TV. Hence alot of the programs concentrate on the emotional aspects interior design, bathrooms kitchens etc. Rarely do any of the developers make any actual money, yes the valuations imply that they have...

Like most things in politics it's about winning votes. By claiming they are helping 1st time buyers, by implementing more taxation for BTL investors the general public think the government is 'clamping down' on people making excessive money from property. Therefore people, such as 1st time...

We are going of thread again.. But then, quick answer is.... If your are serious about business, is your friend equally serious? Personally I've had zero success in going into business with friends. Dont get me wrong, some of the people I have and still do business with.....have turned into...

Hi Post, Yes, that is my understanding. Also you can offset the mortgage set up costs as an expense aswell I believe. As you rightly say, personal investments expenses have changed.

Gratz Mark. I hope you are pleased with that result. I'm in the process of helping someone I met at my sons saturday mini league football match, who's letting letting agent is charging them £600 'admin' fee to present an AST to tenants that the agent did not even find. Plus commission, plus...

Hi Mark, I hope you managed to get this sorted. Seeking professional was a wise move

Hi, Before I comment further, do you actually hold a copy of the contract as signed by you without the fee being present and or other clauses. I am an online estate agent (part time) and a full time property developer for 12+ years.