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A silly question about buying a property
So once you've bought your first property right, with all the joy of 10%+ deposits and whatnot...
When you come to sell and buy a new place, what do you need to pay for? Fees and stuff to sell your old place and fees and stuff for the new one... But no new deposit, right?
Am finding this strangely un-Googleable - I assume that once your mortgage is in place, you're sorted - but a friend claims you need to raise yet another 10% deposit (surely not), and I've also seen some idea about deposits being 'passed up the chain'.
What gives? Cheers x