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Deposit from sale of house

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  • Deposit from sale of house

    Sorry if this is a duplicate (I couldn't find same question anywhere). We have received an offer on our house and found a house that we want to move to. We were planning on using the surplus after paying off existing mortgage as our deposit. It just occurred to me, do we need to have some saved as well or is OK to just use the proceeds of the sale? Solicitors fees, stamp duty etc can all be taken of.