Saving Money On Your Mortgage by Getting Negotiating a Lower Purchase Price.

It' possible to save £100,000 over the lifetime of a mortgage quite easily. How can a £30,000 reduction in the asking price, mean a £100,000 saving for you? - take a look! Suppose you use a buying agent to negotiate the asking price down from £600,000 to £570,000 meaning a £30,000 saving for the buyer. As well as the initial saving, the buyer will save £26,250/- in interest payments alone* Based on a 25 year interest only mortgage @ 3.5% the buyer will also save stamp duty of £1,200 (£30,000 @ 4%). Total net saving could be £57,450 To put that saving into perspective the buyer would need gross PAYE earnings of circa £112,000 to reach the same net figure of £57,450. That's why it is so important to buy at the right price. That's why it's important to buy at the right price for you. Brighton Property Search Agents http://www.Indigo12.co.uk offer a house buying negotiation service for Hove and West Sussex and work on a commission basis.