Who?Im trying a broker on Monday.
Perhaps. Why not just start calling around the various lending institutions yourself.Do you think a broker can do anything considering one bank have refused credit?
I don't get this. You're making €57K on the sale. Let's say €50K to allow for legal fees, other expenses, rounding etc. So why are you not looking for nearer 84% or so?we have 260,000 owing on old house, selling for 317,000.
Purchase price of new house is 310,000 , so we are looking for 92% of this, 285,000.
Do they insist on originals? That's not how I remember it but it's been a while.its quite difficult when you only have one set of bank statements and one p60 etc...how on earth can you submit them to a lot of banks at one time then...plus salary certs etc. The fact is we need approval in a rush.
Maybe it's a blessing in disguise as you would perhaps struggle to pay this new mortgage. You don't say what your normal monthly outgoings are but if you have no savings or loans it looks like you're maxed out at your current mortgage level.
Question: if your "dream house" costs less than the selling price of your current house, why do you want to up your mortgage? Stamp duty?
You really need to shop around for a solicitor!and solictor fees (8,000)
You really need to shop around for a solicitor!
SD €310K @ 5% = €15,500
8% shortfall = €24,800
Legal fees =~ €4,000 (probably a lot less!)
EA fees =~ €1,550 (0.5%)
Total = €45,850
That seems to leave at least €10K!
To borrow €24K from a CU you'd need a chunk of that on deposit/in shares. Not a good way to borrow.
My mistake - I misread your post and edited mine subsequently.Im not paying the agent for purchase of the property.
I'm surprised. My brother in law is in the EA game and recently bemoaned to me the fact that most people haggle them down to 0.5% these days.The cheapest agent fees I could find - and i did shop around, was 1.25% plus vat for sale of house.
Why is she charging €1K twice?Solicitors fees for both sale and purchase are approx 3,900 - her fee is actually only 1,000 for each house, but the extra 1,900 is for searches etc etc - so thats the total figure.
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