how much do i need to borrow

[mel1209]

hi, ive recently gone under offer on my house for 169.950 , im buying at 150k max, i have 63k of old mortgage to pay off, plus a loan of 9k to clear too, plus moving costs etc which will amount to about 5/6k.

how much do i need to borrow? its all getttin too confusing, someone please help!

[Sammy Snake]

What's confusing?

You are selling your house for �169950.

Take away from this the �63,000 outstanding mortgage, 9K loan and 6K moving costs and you are left with �91950.

You want to buy at �150K so you need to borrow �58050 to add to the �91950 you have left.

[PatriciaH]

And dont forget you need money for fees searches etc... the list is endless :)

[mel1209]

thnx guys, its getting confusing cos im doin this all on my own, too much to take in, in one go,

appreciate your help :)

have got a mortgage for 60k :) leaves me 2k for me lol.

x