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I'm hoping to move home in the next few months, but as 10% deposit mortgages are now like hens teeth, every penny is a prisoner. I had planned on paying estate agent fees, lender fees, etc. from savings, but can you tell me if these are things that i will be able to put on my credit card after the move? I will also need to pay my existing mortgage company an early exit fee. When does that need to be paid? Just wondering what might muck up the process if I'm putting things on CC before the new mortgage would go through. Hope this makes sense! Thanks.
In my recent sale the solicitor received the money from the sale and paid off the mortgage first (they got a redemption statement from the mortgage comapny) thenthey paid other bills such as the estate agent invoice and their own fees (don't forget VAT on their fees as that can add up).
I guess you could arrange beforehand to pay the estate agent separately. All the monies were taken on "completion" of the sale by the solicitor.
Most agents have something in the contract requiring the bill to be settled by the solicitor following completion before the funds get released to you. Lender fees can generally be added on to your new mortgage but the early repayment charge will need to be paid when the existing loan is repaid, so on completion day.