The hidden costs of buying a house – AOL UK

When getting ready to purchase a property, you need it to make sure that you have a decent credit score. Besides checking on your credit, you need to start saving for a down payment. But, the real cost come when you are ready to purchase a house. You can read about the anticipated cost in this article so that you can be ready to either borrow the money or have the money ready for when the time comes. It is best to be prepared.

Key Takeaways:

  • Items to look into prior to home buying include, checking your credit score and auditing your savings to arrive at a realistic deposit amount.
  • While you should be able to view properties without an estate agent, you will need to pay someone to deal with the legalities of home buying.
  • Be advised, that beyond the house-specific costs, fees could be quite hefty, amounting to between £300 and £700.

“Most of the time you can borrow around four and a half times your salary”

Read more: https://www.aol.co.uk/money/2017/08/19/the-hidden-costs-of-buying-a-house/