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Buying first house! Confused!

4 replies

Charlie2609 · 24/03/2019 12:20

Hi all, so myself and partner are looking to buy our first house together after 11 years renting, we have out mortgage agreement in principle for 215,000, have had a offer accepted on a house and meeting tomorrow for mortgage stuff, what sort of fees are we looking at ? What else do we have to do? We have moved previously so all utilities I know what I am doing with but other then that I am so confused

Any advice would be great
Thanks

OP posts:
AwkwardPaws27 · 24/03/2019 14:11

This site is very helpful for understanding the conveyancing and types of survey: hoa.org.uk/advice/guides-for-homeowners/i-am-buying/

See an independent broker for your mortgage. Ours cost about £200, we saved that in interest in a couple of months as he found use a better rate. A broker will explain the mortgage side of things. Alternatively London and Country are good and free (although I found them a little slower than our face-to-face meeting as they do things by phone and email).

Have you appointed a solicitor? Ask family and friends for recommendations. I'd go for a local one just in case you need to drop off forms (as we did when DH forgot to post them!) or go in to see them if things aren't moving along.

Make sure your deposit is accessible and not tied up in an account that is difficult to access.

AwkwardPaws27 · 24/03/2019 14:18

Sorry I didn't answer your question about fees.
I can't remember exactly and it varies depending on what you need, but our total solicitor fees including land registry, search fees, etc was about £1500.
Presumably you will be exempt from stamp duty as FTB?
There may be a fee for the mortgage, usually is for the better interest rates, ours was about £1k and we added it to the mortgage.
Consider how long you want to fix for - if you fix for say, 5 years, and sell after 3, you'll likely have to pay an early repayment charge. Your broker can explain the pros and cons of fixing.

MaybeitsMaybelline · 24/03/2019 17:33

When you instruct a solicitor they will tell you everything you need to know and guide you. Ring round now for some quotes so you know.

sus1s · 25/03/2019 13:53

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