Property sale/purchase

[Mizydoscape]

Random musing as we have a flat to sell in the not too distant future and have been saving for the selling costs so maybe a stupid question:

When you're selling one and buying a new house, do you need to have all the selling/buying fees saved or can they be paid out of the equity of the house you have sold?

They can be paid out of the equity, other than monies you pay up front like searches. I think ours cost us around £500 upfront and the rest out of the equity.

Yep we took from the equity. My husband didn't realise this so I think he was relieved we could keep the savings separate!

We even used the equity to buy out of our mortgage deal, it was 9k fee but still worked out better to get out of it in the long run.