Make sure you get the electrics and gas tested as these are NOT included in the home buyers survey. You can use this as a bargaining tool if any of those are poor.
Thank you much appreciated. We found out the hard way. Although the electric report came back poor we still went ahead with the purchase thinking we could manage with a fuse box change. Come to realise it needed a full rewire. We all know what that means. Floor boards lifted massive chasing holes in walls for moving sockets around and creating new ones etc. Basically turned into a whole project. We did put aside money for renovation for bathroom kitchen etc. But ended up gutting the whole house. Really over budget too. Although we are pleased with the results it was hard.
@@SPrincessbeneficialknowledge "Lend" is the action the person giving does. "Borrow" is the action the person taking does. e.g. Sarah lends John her book. Or John borrows Sarah's book. You can't have Sarah "borrow her " book to John, it's grammatically incorrect. I hope that helps! x
Can you use the money that you saved up on the help to buy ISA to pay towards these fees? I know I can only withdraw that money from that account on the condition that I use it to buy my first property but should I save up another 5k for fees on a separate account?
I have just bought a council property and it’s pretty much thesame. There’s some nitty gritty cost that your solicitors will give you. Basically the solicitors fee is likely to go up.
I can also recommend you my mortgage broker. He was absolutely amazing. So was my solicitor. Buying from the council is long because the council is extremely slow (Southwark council)
Make sure you get the electrics and gas tested as these are NOT included in the home buyers survey. You can use this as a bargaining tool if any of those are poor.
Great point! Thank you for sharing :)
Thank you much appreciated. We found out the hard way. Although the electric report came back poor we still went ahead with the purchase thinking we could manage with a fuse box change. Come to realise it needed a full rewire. We all know what that means. Floor boards lifted massive chasing holes in walls for moving sockets around and creating new ones etc. Basically turned into a whole project. We did put aside money for renovation for bathroom kitchen etc. But ended up gutting the whole house. Really over budget too. Although we are pleased with the results it was hard.
shade Ibraheem oh wow. This is a very good tip.
@@ChikaW thx. Unfortunately speaking from a bad experience. But glad if can help someone else. Cheers. X
I’m gonna do this.
Well done. you look good girl,......we moved in our new home 1 year ago and so glad we did. Hidden costs are real..... You nailed it
17 and taking notes!
love that!
Stamp duty, solicitors fee.
Great video as usual just one thing though- banks don't 'borrow you money' they 'lend'
What is the technical difference between borrow and lend im just curious.
@@SPrincessbeneficialknowledge "Lend" is the action the person giving does. "Borrow" is the action the person taking does.
e.g. Sarah lends John her book. Or John borrows Sarah's book.
You can't have Sarah "borrow her " book to John, it's grammatically incorrect. I hope that helps! x
@@hello-jz4bc yes very helpful thanks alot. Xxx
Can you use the money that you saved up on the help to buy ISA to pay towards these fees? I know I can only withdraw that money from that account on the condition that I use it to buy my first property but should I save up another 5k for fees on a separate account?
When I was doing my research most times the booking fees and arrangement fees are included in the mortgage.
Its great your letting ppl know about the additional costs too ❤️
Wow this was very informative thanks for sharing notes we definitely taken 💕
Hi @jade property 5min talk
What are the hidden cost/fees in purchasing a council property, things to have in mind when and after buying?
I have just bought a council property and it’s pretty much thesame. There’s some nitty gritty cost that your solicitors will give you. Basically the solicitors fee is likely to go up.
I can also recommend you my mortgage broker. He was absolutely amazing. So was my solicitor. Buying from the council is long because the council is extremely slow (Southwark council)
when getting a mortgage, if your buying the home with a partner do they combine both salaries then times that by 4?
Yep.
Nice top xxx
My broker charging me £850
💕💕💕💕
So much crap on utube. NEVER here though. Stay well my sweet 💓