We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Thinking of moving

Options
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
Back comping Nov 2021

Wins
3 pens
£10 Odeon Cinema Voucher

Comments

  • raq
    raq Posts: 1,716 Forumite
    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 smiling
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    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.

    HTH
    I am a Mortgage Adviser
    You 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.