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Thinking of moving
bhafc810
Posts: 11,285 Forumite
HI
We're thinking of moving from our starter home (2 bed terrace) to a perhaps 2 bed semi
Can we put the fees like solicitors and estate agent fees onto the mortagage ?
Our home is currently worth £150 k a nd we have a mortgage of £90 k - obviously without looking at figures if we were to buy a house for £180 k what sort of pay back am i looking at?
Many Thanks
Sue
We're thinking of moving from our starter home (2 bed terrace) to a perhaps 2 bed semi
Can we put the fees like solicitors and estate agent fees onto the mortagage ?
Our home is currently worth £150 k a nd we have a mortgage of £90 k - obviously without looking at figures if we were to buy a house for £180 k what sort of pay back am i looking at?
Many Thanks
Sue
Back comping Nov 2021
Wins
3 pens
£10 Odeon Cinema Voucher
Wins
3 pens
£10 Odeon Cinema Voucher
0
Comments
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they did with us last year. The figure came to £5,000.00but we where lucky that my dad paid the £2,500.00.
A lot of people do it this way. good luck
As for the pay each month it all depends, there are so many different offers on the market . Sure a f.a. will be along pretty soon:A Tomorrow's just another day - keep smiling0 -
bhafc810 wrote:HI
We're thinking of moving from our starter home (2 bed terrace) to a perhaps 2 bed semi
Can we put the fees like solicitors and estate agent fees onto the mortagage ?
Our home is currently worth £150 k a nd we have a mortgage of £90 k - obviously without looking at figures if we were to buy a house for £180 k what sort of pay back am i looking at?
Many Thanks
Sue
Basically you would use some of the sale proceeds to pay for these fees. So by having a smaller deposit you need a slightly higher mortgage, and therefore the fees are "added" on to the mortgage.
HTHI 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
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