looking to save towards 1st house
looking to save towards 1st house
Author
Discussion

wagon and horses

Original Poster:

12,320 posts

210 months

Saturday 12th June 2010
quotequote all
evening all,

A question to those of you who have recently bought. How much cash did you need to get sorted? (deposit, legal fees etc) what size mortgage did it secure?

cheers

Bullett

11,051 posts

200 months

Saturday 12th June 2010
quotequote all
Depends on the price band you are looking at, area etc. Under 100k or over 250k the fees are going to vary as is the cost (but not the %, maybe) of the deposit.

I'd be looking at 10-20% minimum to cover yourself.

wagon and horses

Original Poster:

12,320 posts

210 months

Saturday 12th June 2010
quotequote all
Bullett said:
Depends on the price band you are looking at, area etc. Under 100k or over 250k the fees are going to vary as is the cost (but not the %, maybe) of the deposit.

I'd be looking at 10-20% minimum to cover yourself.
I was planning on a 20% deposit, so sounds about the correct ballpark.