K
kittykat1980
Guest
Hi,
Just looking for some advice on how the process works when you are buying your second home.
I'm 29 and have my apartment with partner for 5 years, and we'd like to start thinking about upgrading to a house now in next couple of years.
Unfortunately, we're not having much luck getting a decent downpayment together, and are seriously stressed about the amount of Stamp Duty we will have to pay. Considering that we're talking in or around 30-40 K for stamp and deposit, how do people manage to upgrade these days?
Can these amounts be included in the total of the new mortgage that we will be applying for? Or there people out there who are actually capable of saving this amount of money.
As we're both without bonuses and pay raises during the current climate, we're finding it harder than ever to put money aside.
Sorry to sound so naive, in the five years that have passed since the last mortgage approval, I've blocked it all out due to it being a seriously stressful time! and that was without Stamp.
Please help...many thanks
Just looking for some advice on how the process works when you are buying your second home.
I'm 29 and have my apartment with partner for 5 years, and we'd like to start thinking about upgrading to a house now in next couple of years.
Unfortunately, we're not having much luck getting a decent downpayment together, and are seriously stressed about the amount of Stamp Duty we will have to pay. Considering that we're talking in or around 30-40 K for stamp and deposit, how do people manage to upgrade these days?
Can these amounts be included in the total of the new mortgage that we will be applying for? Or there people out there who are actually capable of saving this amount of money.
As we're both without bonuses and pay raises during the current climate, we're finding it harder than ever to put money aside.
Sorry to sound so naive, in the five years that have passed since the last mortgage approval, I've blocked it all out due to it being a seriously stressful time! and that was without Stamp.
Please help...many thanks