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Author When buying a house.. what sort of costs do you pay before you own it. (help older guys :))
Dean_H
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Registered: 19th May 02
Location: Rhondda Cynon Taff
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25th Aug 04 at 16:02   View User's Profile U2U Member Reply With Quote

What costs do you pay
Also is there the same costs when buying a brand new house?

Dean_H
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Registered: 19th May 02
Location: Rhondda Cynon Taff
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25th Aug 04 at 16:05   View User's Profile U2U Member Reply With Quote

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?
ParaMite
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Registered: 8th Nov 03
Location: Cheltenhamshire Drives: Corsa B 1.4 LS
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25th Aug 04 at 16:35   View User's Profile U2U Member Reply With Quote

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.
Kenni
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Registered: 29th Jan 01
Location: Worcester(sauce) Drives: VX220 & Zaffy GSi
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25th Aug 04 at 22:52   View User's Profile U2U Member Reply With Quote

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)
Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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25th Aug 04 at 23:10   View User's Profile U2U Member Reply With Quote

ed
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Registered: 10th Sep 03
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25th Aug 04 at 23:23   View User's Profile U2U Member Reply With Quote

Property is the best place to put your money - the bank is useless Thats all I know.
charcoalgrill
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Registered: 23rd Oct 02
Location: Bristol
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25th Aug 04 at 23:34   View User's Profile U2U Member Reply With Quote

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 ?
Robbo
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Registered: 6th Aug 02
Location: London
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26th Aug 04 at 10:25   View User's Profile U2U Member Reply With Quote

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
Robbo
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Registered: 6th Aug 02
Location: London
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26th Aug 04 at 10:25   View User's Profile U2U Member Reply With Quote

Oh and £600 in Mortgage fees
Siberia
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Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
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26th Aug 04 at 10:36   View User's Profile U2U Member Reply With Quote

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]
Robbo
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Registered: 6th Aug 02
Location: London
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26th Aug 04 at 10:42   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Siberiafind out if you have to pay a maintaince fee in the estate
Yesh
Siberia
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Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
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26th Aug 04 at 11:12   View User's Profile U2U Member Reply With Quote

^ 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
Robbo
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Registered: 6th Aug 02
Location: London
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26th Aug 04 at 11:39   View User's Profile U2U Member Reply With Quote

£25 a year for lighting
daveyb
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Registered: 5th Nov 02
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26th Aug 04 at 15:12   View User's Profile U2U Member Reply With Quote

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]
BlueCorsa
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Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
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26th Aug 04 at 18:01   View User's Profile U2U Member Reply With Quote

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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