*Change of plan - and maybe some good news!*

beanielou

Snaggles~On the loose weight thread its called scrabble for some reason!!
So had a chuckle that Martin proposed while playing scrabble!!!

Snaggles

Lol, what are you lot like!

Cough syrup :rotfl: and Scrabble :rotfl: :rotfl:

So from now on, if I say we played Scrabble last night, you will know exactly what I mean.

spud30

I've never heard it called scrabble before :eek:

Martin, what were you doing on top of that mountain :rotfl:

Snaggles

immoral_angeluk wrote: »

Oooh snags.. you filthy minx.... :rotfl:

What?? :A :A

:rotfl: :rotfl:

Ellidee

Ooh does Stu know what he 's in for ? Or should I say up for ? :rotfl:

Snaggles

Ellidee wrote: »

Ooh does Stu know what he 's in for ? Or should I say up for ? :rotfl:

Well, he read my post and gave me one of those 'Oh my god, I'm married to a mad woman' looks, but I think he was quite pleased!

Snaggles

Helloooooooo!

OMG, I have had such an exciting day!

It's lucky my thread is called 'Change of plan....', because we have just had a massive one! (oo-er)

We went to view a house today and LOVED it. It's not flashy, or big, or beautifully decorated (far from it :undecided), but underneath the floral carpets and the grubby paintwork, there is a potentially lovely family home.

Here's some photos (don't laugh at the decor ), and in a few minutes I will post some figures. :eek:

pania

wow what a lovely house and ryan will LOVE that garden!!! so pleased for you snaggles i really am. xxx

Snaggles

Okay, so, scary figures time:

Our house (all figures are conservative/worst case scenario)

Property value - £110,000
Current mortgage balance - £37,500
Equity (deposit towards next property) - £72,500

New house

Purchase price - £130,000
Deposit - £72,500
Mortgage needed - £57,500 :eek:

Anyway, I just rang the bank, and I am now the proud owner of an agreement in principle (subject to valuation) for a mortgage of £58,500 (asked for slightly more just in case I had any figures wrong, but if not, can be used for new bathroom which would be needed fairly soon after moving in).

Repayments are just under £400 a month, and I've done a new budget sheet, which says we can just about afford it, although I might stop doing the sharesaves for a couple of years if things do feel too tight financially.

I'm just trying to work out what else we need to pay (if anyone can help me fill in the gaps with estimated costs, or can think of anything I've forgotten, please jump in!)

To pay:

Moving costs (van hire etc) - £300 (estimate)
Solicitors fees - ?
Estate Agents fees - ?
Homebuyers Information Pack costs - ?
Stamp duty - £1,300
Mortgage arrangement fee - £299
Valuation fee - £160

*runs away very scared and hides under the bed*

Snaggles

pania wrote: »

wow what a lovely house and ryan will LOVE that garden!!! so pleased for you snaggles i really am. xxx

Thank you!

It might not happen, as our house isn't even on the market yet (first valuation is on Tuesday so if I'm offline for the next two days, I am cleaning frantically!). And the vendor might not accept our offer. But I'm trying to think positively for a change.