Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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What costs do you pay
Also is there the same costs when buying a brand new house?
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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Reason im asking is im 19 atm, wouldnt mind phoning up barrett or some other housing company and tell them i will give them £5000-10,000 deposit for houses they might build in the next 2-3 years around my area.
With a bit of luck i will be qualified by then earning decent money to afford the mortgauge, if not sell the house and hopefully make a £20-30k+ Profit
Any ideas?
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ParaMite
Member
Registered: 8th Nov 03
Location: Cheltenhamshire Drives: Corsa B 1.4 LS
User status: Offline
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Setup fee's and what-not. Not sure of exact figures but give a mortgage consultant a ring from a variety of banks and ask them.
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Kenni
Member
Registered: 29th Jan 01
Location: Worcester(sauce) Drives: VX220 & Zaffy GSi
User status: Offline
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Local Search (around £150)
House Survey (I paid £300)
Solictors fees (thousands)
Maybe a financial adviser fees on setting up your mortatage (but this can be waived if you have your building insurance with them)
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Property is the best place to put your money - the bank is useless  Thats all I know. 
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charcoalgrill
Member
Registered: 23rd Oct 02
Location: Bristol
User status: Offline
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you need to pay
local searches and mining searches which can cary around #100
depending on survey 300-800
300 would be just a mortgage and they wud tell u what major things are wrong, homebuyers is around 800 and will go over with a comb
solicitors fees are around 400, but again varie where u go.
and dont forget stamp duty, 1% of what u pay for the house.
most people require 10% for deposit, some will do 5% or if ur on 100% interest mortgage u need nowt.
but i thought u had to be 21 to get a mortgage?
any help ?
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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We are paying £2,600 for our brand new house costing £165,000 in fees but £1,650 of that is stamp duty 
That said the housing company gave us £8,250 towards our deposit 
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Oh and £600 in Mortgage fees 
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Siberia
Member
Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
User status: Offline
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deposit about 14-20k
solicitor about 2k
valuation about 130 quid
and then oviously yer morgage payments per month
things to think about are...
find out if you have to pay a maintaince fee in the estate.
connection fees for water/gas/electric/phone
furnishing the place (cost loads)
diferent country though
oh and them prices are euro's
[Edited on 26-08-2004 by Siberia]
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Siberiafind out if you have to pay a maintaince fee in the estate
Yesh 
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Siberia
Member
Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
User status: Offline
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^ me too although havent been given a price yet.... for some strange reason though our building insurance is covered in the maintaince fee so we only have to get contents insurance... but still though its gonna be something like 800-1k
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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£25 a year for lighting
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daveyb
Member
Registered: 5th Nov 02
User status: Offline
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Solicitors fee's all in £605 (including land survey etc...)
Survey £370 (for homebuyers)
100% mortgage so no deposit
Luckily No arrangement Fee's
Buildings & Contents £188 for the year with Liverpool Vic
Then things like setting your phone line up (£100 with BT, £30 NTL)
[Edited on 26-08-2004 by daveyb]
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BlueCorsa
Member
Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
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quote:
Originally posted by Siberia
^ me too although havent been given a price yet.... for some strange reason though our building insurance is covered in the maintaince fee so we only have to get contents insurance... but still though its gonna be something like 800-1k
In London, ground rents and maintenance fees usually come up to about £1000-1500/year, and then there's council tax on top of that (probably going to be about the same again).
Tariq
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