The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. They say that buying a house is more stressful than bankruptcy and divorce. Certainly, it can test even the most level-headed individuals. Here are some nuggets of ‘Money Matters’ advice on buying a house and moving home. When you buy a property or move home, there will be a number of upfront fees, beyond just your mortgage costs, which you’ll need to take into account. Be sure to include these when working out your overall budget. You will also need to make sure that you have saved enough to cover all of the upfront costs. These include: The deposit. This is the amount you put towards the cost of the property when you buy your home. On average, you need at least 5% to 20% of the purchase price (for example: £10,000 to £40,000 when buying a £200,000 home). Help to Buy and other housing schemes on...