Buying a house - hidden extras?

Help!!!!

Been approved for a mortgage for a property of 34,950. We have the deposit of 3,950 but what else would we be looking at? Solicitor etc?

McGrath5

- Solicitor
- Land registry fees
- Stamp duty
- Surveyor


To name a few, but I am sure there are plenty I cannot think of at this moment in time.

johnnyskeleton

Help!!!! wrote: »

Been approved for a mortgage for a property of 34,950. We have the deposit of 3,950 but what else would we be looking at? Solicitor etc?

Solicitor for fees and outlay around 2k. Surveyor 300ish. Stamp duty 1% and property tax so another few hundred. Furniture? Home insurance. Etc

Help!!!!

so would probably need 7000 to cover deposit & everything else?

saucyleopard

I hope you got a pre-purchase home survey. This crowd do them - http://www.kelleherassociates.ie/pre-purchase-home-surveys/ and they seem to know their stuff.

The_Morrigan

Life insurance is mandatory also

Balmed Out

If electricity etc has been disconnected check reconnect charges

Bluefoam

electricity
gas
water
cleaning
tiling
flooring
furniture
painting
plumbing
maintenance
gardening
upkeep

Radio5

An engineer to check that the house is properly built, services like water, sewage are in place and actually work. Also to check that planning permission is in order. Even if its a new or relatively new house, you need to have it checked in view of the horror stories about house building standards in recent years. Its a while since I bought my own place so I don't know what engineers charge for doing surveys (post Celtic Tiger era).

The bank will have a survey done but don't rely on that. The person doing it is working on behalf of the bank not you.

For solicitors, shop around and get a few quotes. Start with your own solicitor, it you already have one for other matters or if your family have used one in the past and found them good. In my experience,as in all things, the cheapest quote may not always mean the best service.

JoeySully

New door lock barrels/ locksmith
toilet seat(s)
lawnmower if there is a lawn
septic tank check - if it hasn't been done already.
Well water quality test if it has a well.

Sunny Dayz

You have to pay for a valuation for the property for your lender, this has to be paid by you.

You should also get an engineer's inspection on the property, solicitor's usually recommend it.

As above ,land registry, stamp duty, property tax, search fees, solicitors fees. Life and mortgage cover required by the lender.
Insurance on the property. Furniture, removal vans. There's another thread here somewhere about what you need to buy for your first home when you move in.

Depending on the property you may have to pay for electricity and phone connections.

It's an expensive business this house buying thing! You will probably spend your first year in the house doing it up so be prepared for that also.

Mrs OBumble

OP, are you really telling us that you're buying a house that's only worth 39k?

I'm thinking that some of the answers above (engineers and the like) might be different for a property where the price is so low - surely it's 100% going to have some significant defects.

Bluefoam

Mrs OBumble wrote: »

OP, are you really telling us that you're buying a house that's only worth 39k?

I'm thinking that some of the answers above (engineers and the like) might be different for a property where the price is so low - surely it's 100% going to have some significant defects.

Or else its in Offaly...

*no offense to Offaly, but you got seriously ****ed over in the Celtic Sloth...

Help!!!!

Yes its a 2 bed house. needs a bit of a paint but everything else seems ok

DoozerT6

Management fees, if applicable to your property....this is an ongoing expense.

handlemaster

What bank gives a mortgage for less than 40k