Moving costs - what will the mortgage lenders expectations be?

[Saurus72]

We are aiming to put our house on the market and move early next year. I expect us to have around 25% to use as a deposit for our next house, which we will get from the sale of our house. We will need a loan if around 3 times our joint income. We have been focused on paying down credit cards/overdrafts etc, and we are saving towards moving costs. However, we will need to take the stamp duty payment (likely to be c.£9k) out of the proceeds of the sale of our current house.

Do mortgage lenders ask about this type of thing in the mortgage application process? Do they require the moving costs inc. stamp duty to be available out of savings? Not sure on how the tightening up if the lending rules will affect us, so trying to think it all through as much as possible.

TIA

Think they will probably ask. They seemingly ask how often you have your hair cut....though that may be an urban legend

Where are you planning on getting the moving costs from? If you use every penny from the sale of your house for your deposit, lenders questions aside, where will you get the £10k+ (including solicitors fees etc) needed to move from?

Your solicitor will usually pay the stamp duty once they receive the funds from you or your lender so you'll need to have the money before you can exchange.