Before deciding how much to spend on buying a house or property, you will need to ensure you have enough money to pay for all the additional costs, including:
You should be aware that if you start the process of buying a house or property and the sale then falls through, you may have already paid for a property valuation and/or survey. If the solicitor has started any legal work you may also have to pay for the work done.
You should also take into account the running expenses of the property you wish to buy. These may include:
You will have to pay a deposit on exchange of contracts a few weeks before the purchase is completed and the money is received from the mortgage lender. The deposit is often 10% of the purchase price of the property but it can vary.
Contact Turtle Homes today and we can put you in touch with a property adviser, whom you can trust to provide reliable advice that is specific to your needs and circumstances.