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deposit with fees added
Scottishrob79
Posts: 58 Forumite
Just about to exchange this week and getting a mortgage with Nationwide. Purchase price is £205,000 and we're putting down 15% (£30,750). Because we have had the £900 booking fee added to the mortgage term, does that get taken into account what deposit we should be putting down? (£205,900 = £30,885)
Cheers
Cheers
0
Comments
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No. The fee is added, then taken off the mortgage money paid over to your solicitor in time for completion.
Your deposit remains the same, although the solicitor's fees and stamp duty will need to be added, of course.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
your solicitor should have sent a statement with a breakdown of deposit, their fees, stamp duty etc. Then they filter the money off to the relevant parties.An opinion is just that..... An opinion0
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