We've gotten to the point of making an offer. We were hoping to get the house for less than the asking price but it looks like we are going to have to stretch to 140,000.
I was really hoping for a 15% deposit, but our savings (currently 23700) would leave us with only 3000 for fees and everything. (assuming 138k offer is accepted)
Is this enough for the extras? We were looking at getting a mortgage with Santander, who would pay for a survey (though we might want to pay £250 or so extra for a better one).
At 5 years fixed we would be paying 740 instead of 670 a month dropping the deposit down to 10% but it would leave us with savings and a good buffer for fees etc.
Is 3k enough? What will we need other than stamp duty, 1400, survey £250, moving expenses (£200 van hire - it's not a long distance). How much are solicitor fees?
Thanks!
I was really hoping for a 15% deposit, but our savings (currently 23700) would leave us with only 3000 for fees and everything. (assuming 138k offer is accepted)
Is this enough for the extras? We were looking at getting a mortgage with Santander, who would pay for a survey (though we might want to pay £250 or so extra for a better one).
At 5 years fixed we would be paying 740 instead of 670 a month dropping the deposit down to 10% but it would leave us with savings and a good buffer for fees etc.
Is 3k enough? What will we need other than stamp duty, 1400, survey £250, moving expenses (£200 van hire - it's not a long distance). How much are solicitor fees?
Thanks!