Selling flat, New Mortgage, Buying House?!

mcarthyryan

Hi All,

I'm hoping for some advice really, and apologise if this is a long post.

I've recently put my apartment for sale, and within a week, it seems like it may sell! I wasn't expecting that to be honest....

If the buyer does proceed, what do I need to do? Contact my solicitor who I bought the apartment via? Will they do everything including pay off my current mortgage, pay the estate agents fee's, pay themselves, and then put the profit in to my bank account?
Or doesn't it work like that?



What about getting a new mortgage for a new property? Last time I just went to a local fee free Mortgage Advisor, is this the best way to go again? Or also visit Halifax, HSBC etc?

Are the online calculators accurate to see what we can loan to buy a new home?

I earn £42k, my partner £22k, we would have approx £20k deposit in total, and zero debt. What roughly would we be able to loan do you think?



If we find a new house as this one is selling, do we just follow the same procedure, or would I sort of keep my current mortgage and top up with the current lender to get the new property?





Thanks a lot

ethank

You don't need to use the same solicitor. You can use any solicitor. They will redeem the mortgage and pay your EA etc when they get funds in from the buyer (as long as you have enought to clear eveything) - best to speak to a broker regarding the mortgage side of things or visit one of the lenders websites and put in your figures.

mcarthyryan

Thanks for the reply.

So I can go to any solicitor? Just I didn't like my original one as he was rude, and I've found out he only works two days a week now.

Are the lenders websites quite accurate? I.e Halifax.