mortgage news article - doddl

Costs to take out a mortgage

January 29, 2021

Martina Hennessy, MD of discusses deposit requirements for first and second time buyers plus other transaction costs to consider in order to complete out on the purchase:

Deposit Requirements

First Time Buyers Deposit amount is 10% of the purchase price

Second Time Buyers  Deposit amount is 20% of the purchase price (*exceptions available to reduce this deposit requirement)

Other Costs

  • Legal fees
  • Stamp duty
  • Survey
  • Valuation costs

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