P
Pol
Guest
Myself and my partner are currently drawing up a list of potential expenses prior to purchasing an investment property. Are we missing any blatantly obvious subjects or expenses that would effect our calculations ?
1. The mortgage repayments (90% of value of property)
2. The balance (10%)
3. Stamp Duty
4. Solicitors Fees - Is there a general rule of thumb i.e. 1%, 2% etc ?
5. Land Registry Fees
6. Surveyors Fees
7. Renovating/Re decorating costs
8. Leasing agency fees (if used)
9. Insurance (Mortgage and property)
10.Furniture
Also as newcomers to this market, with obviously a lot to learn, what are the general feelings in regard to a new property against an existing one
1. The mortgage repayments (90% of value of property)
2. The balance (10%)
3. Stamp Duty
4. Solicitors Fees - Is there a general rule of thumb i.e. 1%, 2% etc ?
5. Land Registry Fees
6. Surveyors Fees
7. Renovating/Re decorating costs
8. Leasing agency fees (if used)
9. Insurance (Mortgage and property)
10.Furniture
Also as newcomers to this market, with obviously a lot to learn, what are the general feelings in regard to a new property against an existing one