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FTB Help
Izzy529
Posts: 16 Forumite
Hi just looking for some advice as being FTB a wee bit unclear on how things work and things now start to be moving faster than planned.
We had saved £3000 towards a deposit and the plan was to save until we had £10000 plus extra £2000 for fees. So looking to buy next Feb. However a generous gift from Daddy lol means that he is going to fund the difference so we can buy sooner.
So few questions where do i go from here? Do i agree a mortgage in principal with a bank? And does anyone have an idea on conveyancing fees in Scotland?
Any help would be great!
We had saved £3000 towards a deposit and the plan was to save until we had £10000 plus extra £2000 for fees. So looking to buy next Feb. However a generous gift from Daddy lol means that he is going to fund the difference so we can buy sooner.
So few questions where do i go from here? Do i agree a mortgage in principal with a bank? And does anyone have an idea on conveyancing fees in Scotland?
Any help would be great!
0
Comments
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conveyancing fees are often based on the price of the house. I got a mortgage in principle before i started looking around houses so I knew what I could afford, then agreed a price with the vendors then instructed the solicitors. You also need to check on the other fees too. Heres a good guide:
http://www.whatprice.co.uk/financial/housing-market/house-buying-costs.html:T:T :beer: :beer::beer::beer: to the lil one
:beer::beer::beer:0 -
Work out how much you want to buy for (remembering that interest rates can rise). Get an AIP from your preferred bank / mortage provider.
Call some solicitors and ask for some quotes, based on buying a property that costs £x amount. Speak to them on the phone and then pick who you are happiest with (not just the cheapest).
Then start looking around...0
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