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finance
It is important to determine how much you can afford to spend on your new investment. Your mortgage provider will advise a borrowing limit and this should allow you to determine a purchase price, remember to factor in solicitor’s fees, building inspection costs, stamp duty and other miscellaneous fees. It is important to have your finance in order before you start looking, to avoid expending time and money unnecessarily. You may need a letter of approval from your lender if you are planning to purchase a property at auction.
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