Solicitors fees for conveyancing depend on various factors, but can also differ from firm to firm. The only way to make sure you are getting good value for money is to compare costs using an online cost comparison service.
What about mortgages – how do you know you are choosing the right one for your own circumstances?
100% mortgages sound like the ideal solution for those who are having trouble raising a deposit. Not only will a full mortgage such as this pay those fees, but it will also pay your solicitors conveyancing fee and estate agency fee too.
There are however, some disadvantages of a 100% mortgage that could mean it is not the right loan for you. Firstly, a mortgage this large comes with risks. When you take out a mortgage like this, you will also need to have a guarantor family member who will not only personally guarantee that you will pay your mortgage, but will actually have to have a charge put on their own property to do so. Conveyancing solicitors will be able to do the legal part of this for you.
As well as this, 100% mortgages often come with a higher interest rate and charges and because they are still so limited, you may not even be eligible. Of course, as they always did, a 100% mortgage will put you at greater risk of finding yourself in negative equity. If house prices fall, you could lose out by a large percentage.
Do you think a 100% mortgage could be right for you?
Then find out what the solicitors fees for conveyancing would be too at Conveyancing Index (https://www.conveyancingindex.co.uk).
You can get in touch on 0203 874 2020 if you would like to speak to an expert. Either way, you can save money today with us.