How to conduct family or personal budget – task, to cope with which not everyone. But even more difficult to keep in order the finances when a family decides to a major purchase.
Buyers of property in the UKfor the first time buying a house, is unable to estimate the cost of buying a home, you have no idea how much legal services, insurance and other expenses that they will have to incur in connection with the purchase of your house or apartment.
About 40.6% of the potential owners of real estate in England, was shocked when faced with an unexpected expense to learn about the cost of banking transactions and pay for the mortgage contract.
In a study conducted by Pegasus Finance Personal, also shows that approximately 24.3% of the future owners of a house or flat in England were not aware of the fact that there is a charge for the land, and 16.7% do not know the existence of Stamp duty, 14.7% no idea how much you will have to pay lawyers and each 10 is not, how much will be the interest rate on the loan. Many are not willing to increase rates on the loan even 0.5%, even despite the fact that she is now on a seven-year low.
On average, even without Stamp duty, extra costs when buying a first home in UK reaches £1850. In addition, the buyer must take into account that it will likely increase the monthly costs for utilities, if new housing is greater than the previous one, and there will be additional costs for furniture and decor. One fifth of respondents such costs came as a surprise.
® Alice Morgan. G. 05.04.2016
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