How do you get your own house in the UK aged 16?
Yeah so im wanting to move out n get my own flat/house. I dont want any "your too young" or "get a job first" answers because thats not what im asking. Just to own your own place would be brilliant as my mum always on my case and plus I could stick things like my snooker table n have partys at the weekend! Honestly im not some dumb fool wanting to move out for the sake of moving out. I am really matured for my age and im actually in college right now. What kinda documents or who would I need to see to rent a place? Cheers
We've sold our house and now renting? in the UK?
Personally I'd keep an eye out for a property just in case your dream home comes on the market, but wait for 3-6 months to see what happens to the market. If this recession does hit and there are repossessions, there will be lots of homes joining the market and cheaper prices - probably more expensive mortgages though :-(
Why are houses in the UK so small and expensive?
We are a small country and land suitable for building is at a premium. It is the price of land that is a significant element in house prices. Also, in Britain most houses are built of brick so labour costs are high. When I visited the US I noted that many of the new houses are timber built and don't have slate or tiled roofs. This is why when communities are hit by tornadoes houses are literally blown away
If you live in the US can you buy things from UK places online?
I am from the US and I love the band One Direction, and they are from the UK. Only the UK has their merchandise, like posters and things like that. Could I buy them online and get them shipped to the US? Does the UK have different money, and if they do, do I need that money to buy the things I want? Please answer, thanks in advance.
Can I buy a house in the UK? I am an Indian citizen and am working in the UK under an ICT Tier 2 visa?
Of course you can.Any foreigner is able to buy property in the UK, and most nationalities are eligible for investment loans, although there are fewer banks offering them.Those living abroad will require proof of income and may be asked to pay up to a 40% deposit. Mortgage rates currently vary between three and five percent and the type of mortgage available will depend upon its intended use.Foreigners can often secure loans in their own country as they may already have established assets they can charge against and have mature relationships with their existing banks. It is wise to investigate the tax implications when considering such a loan.Thanks
Why do houses in the UK look like apartments?
They don't look like apartments to us in the UK. That is just normal British suburban houses. Older ones joined to the house next door at both sides are known as terraced houses and indeed, they often are small by American standards. I was brought up in a semi-detached house (pairs of houses joined together along the road) in an outer London suburb, built in the 1930s, and typical for the period had a considerable amount of pebbledash decoration - cement is spread over the brickwork and pebbles pressed into it. I always did wonder why anyone thought that was a good idea, as over time the pebbles start to fall off. Detached houses (not joined to any other house) are comparatively rare in the UK. In these days when we worry about carbon footprints, not having all four walls exposed to the outside world has the advantage of saving heating costs. Bear in mind that a) the UK has 1/5 of the US population squeezed into a space slightly smaller than Oregon, so we just don't have the room, and b) before the invention of the car, it was more practical. Have you found any of the terraced houses built in northern cities in their industrial heyday, where there isn't even a front garden and the front door opens directly on to the street? How do you mean "almost" made of brick?
In the UK, if I get a mortgage, how long do I have to live in the property until I can rent it out?
You need "consents to let" a property. You need to obtain these from any other person or organisation who has an interest in the property - that includes the mortgage provider. Depending on your lender and your circumstance you might get a consent to let for a small fee for, say, a year if you're going away with with work or some other reason/commitment. Alternatively, if you're going to rent long term then the lender will probably require you to meet their buy-to-let criteria and they'll also change their terms - eg, increase your interest rate.Some lenders are better than others - for example, I do a lot of management for people who are in the Armed Forces - most of the lenders are pretty reasonable with providing consents to let to people who are being deployed away from their home for service reasons.You could just not say anything - but then you'd be breaching your contract with your lender. So when your tenant accidentally burns your house down you'll probably run into major insurance problems!