Buying your first flat...... how much do I need !!
Discussion
Hello,
I am considering buy my first flat. (awwww bless you all say)
I have the money for the deposit, how much would you recommend spare for legal fees and the like.
I have a measley £2,000 remaining after paying the deposit and 1% stamp duty.
Some people are saying I need £600, some say £3,000 ???
It's as consistent as a UK speed limit , help!
I am considering buy my first flat. (awwww bless you all say)
I have the money for the deposit, how much would you recommend spare for legal fees and the like.
I have a measley £2,000 remaining after paying the deposit and 1% stamp duty.
Some people are saying I need £600, some say £3,000 ???
It's as consistent as a UK speed limit , help!
Chris,
Use these people - I have used them twice and they are excellent. Fixed fee, and if it falls through for any reason you don't pay a penny.
www.shoosmithssolicitors.co.uk/
You can also get to speak to them anytime (which is a rarity), and they are totally on the ball.
I have had some bad experiences buying property in the past - but not with these guys.
Hope that helps.
Use these people - I have used them twice and they are excellent. Fixed fee, and if it falls through for any reason you don't pay a penny.
www.shoosmithssolicitors.co.uk/
You can also get to speak to them anytime (which is a rarity), and they are totally on the ball.
I have had some bad experiences buying property in the past - but not with these guys.
Hope that helps.
Budget about £3k for a place under 200grand for all conveyancing fees and stamp duty.
Ring round your local solcs and see who charges what for what. If possible go with a recommendation from someone who has used a firm before. I've had one hopeless one and one extremely good one.
Get it right and the process is less painful - get it wrong and you'll want to kill them within a week.
Ring round your local solcs and see who charges what for what. If possible go with a recommendation from someone who has used a firm before. I've had one hopeless one and one extremely good one.
Get it right and the process is less painful - get it wrong and you'll want to kill them within a week.
anonymous said:
[redacted]
That is brilliant, even works out with a few pennies left over for a decent sofa !!
Websites like that are definetley the way to go !
Still struggling finding the best mortgage, rates are high at the mo, found a website that searches through them all but only saved a few pounds on the quote I've had from the Bank.
chris_freebie said:
Have you considered waiting 6-9 months or so - you may save 10 - 15 % in price perhaps - the market is getting softer.
And live at home longer than you have to LOL ! suppose I am only 22... erm... erm.... erm... no ! can't wait lol !
you could always rent a place on your own and then see what happens to the market .
Think I paid £1600 for various fees (Lender valuation Fee, Arrangement Fee, Booking Fee, Broker Fee, Legal Fees and Land Registry Fee). My solicitor wasn't the cheapest but he was recommended and did a top job.
Then obviously 10% deposit and 1% stamp.
I also took advantage of all these places that offer 0% finance when kitting it out (tvs, sofas etc).
Then obviously 10% deposit and 1% stamp.
I also took advantage of all these places that offer 0% finance when kitting it out (tvs, sofas etc).
richie_few said:
Im in the middle of buying my first place and legal fees, survey, search, and land registry fees should come to about a 1000 to 1200. Dont forget your mortgage arangement fee.
Im about 3 weeks away from completion and im as stressed as ive ever been.
Good luck mate.
Richie where are you looking at buying?
I don't stand a chance of buying in Wendover or maybe even Aylesbury when I finish uni!
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