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First Time Buyer - HELP!!!!!!!!

Last post Wed, Sep 17 2008, 9:28 PM by exiled_scouser. 2 replies.
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  •  Mon, Sep 15 2008, 11:09 PM

    Hmm [^o)] First Time Buyer - HELP!!!!!!!!

    Just had an offer accepted on friends parents house before it went on the market. I know I need to have a survey done and I'll have solicitor's fees but what else can I expect to hit me as a first time buyer?

    I have 10% deposit saved and the house is costing me £173K (it was valued by estate agents last week at £185-190K) so I have missed out on stamp duty and they have saved agents fees.

    Any advice will be greatly appreciated!

    Thanks peeps!

    • Post Points: 20
  •  Tue, Sep 16 2008, 10:05 AM

    Re: First Time Buyer - HELP!!!!!!!!

    Nothing else....that should be it.

    Solicitors are generally £250 upfront, then a further £800 ish on completion. The valuation / survey is the only other thing you will need to pay. £240 - £350 roughly.

    • Post Points: 20
  •  Wed, Sep 17 2008, 9:28 PM

    Re: First Time Buyer - HELP!!!!!!!!

    Thanks for the advice MB.

    Colleagure has given me details of solicitor he used a couple of months ago. Said they were superb and offer a fixed fee service of £299 - can't be bad!

    Just need to sort the mortgage out now. Anyone got advice about best deals for 90% at the moment?

    • Post Points: 5