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Advice please on buying or renting a house & mortgage repayments.
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I recently posted regarding my options as I turn 40 on whether to buy an house, car or rent. I had some great advice. I now have 2 specific questions relating to my original question. I would like some comments if possible.
- What are peoples preference? Buying or renting & why?
- If i was to buy an house for approx £120,000.00 with a 5% deposit & 25 year mortgage how much would my monthly repayments be?
- If I went with option 2 how much money would I need upfront i.e solicitor fee's etc. Again just an approximate figure.
Apologies if these questions seem vague or little daft, I have absolutely no idea when it comes to mortgages.
Thanks.
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