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Newbie, will need support.
technogeek
Posts: 11 Forumite
I've looked on MSE for deals for years, but now i'm looking to settle down and buy a house. All the things I thought I was too cool for.
I need to know all the processes, needed and will keep looking in, for tips and hints.
First question. how much money in hand do we need to buy a house for about £120K, so we know what we need to save.
Cheers
I need to know all the processes, needed and will keep looking in, for tips and hints.
First question. how much money in hand do we need to buy a house for about £120K, so we know what we need to save.
Cheers
0
Comments
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Minimum 10%
25% means far better ratesI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
As much as you can...
10% minimum. 15% for better deals. 25%+ for best deals.
Then fees/costs on top. Allow £2k-£3k.
Say £20k.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
Not looked at mortgage deals for a few weeks, but most where a minimum of 10% deposit
Then you will need money for solictors, possible removal men,Mortgage Aug 12 £165K, Aug 19 £0
ISA challenge start 2019 £3000/£1500 (50%)0 -
Gotta get saving thanks guys,0
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