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Deposit on next house
trampyblonde
Posts: 151 Forumite
Hi,
Im selling my first house and will be having it valued next week. As i've never sold before (and don't quite understand all that is involved in selling!) I am wandering how we go about putting a deposit down on the next property.........we obviosuly had the deposit saved up on my first house so what happens the second time around?
Sorry for being dim!! 
Thanks :j
Im selling my first house and will be having it valued next week. As i've never sold before (and don't quite understand all that is involved in selling!) I am wandering how we go about putting a deposit down on the next property.........we obviosuly had the deposit saved up on my first house so what happens the second time around?
Sorry for being dim!! Thanks :j
:beer:
0
Comments
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Whoever buys your house will pay a deposit to your solicitor, and that will be used as the deposit on your next house.
If you are upsizing, you may need to pay some additional monies for a larger deposit on the house you're buying.0 -
Aha! Now that's how it works! Thank you very much :beer::beer:0
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No problem. Good luck with your move
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sometimes the deposit from yours is enough for the house above,
however the contacts will say if your in breach then you will be liable for the full 10%0
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