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Buying property Choosing a property Freehold, leasehold & commonhold - what does it all mean? Obtaining a mortgage Making an offer The legal process Buy-to-let

Costs and fees

If you're buying a property, you should budget for the following costs, how much will vary, so you'll need to do your research.

  • Mortgage arrangement fee
  • Mortgage indemnity guarantee
  • Lender's valuation fee
  • Conveyancing fees
  • Land registry fee
  • Surveys
  • Stamp duty:
    0% paid on properties up to £125,000
    1% paid on properties over £125,000 and up to £250,000 *
    3% paid on properties over £250,000 and up to £500,000
    4% paid on properties over £500,000 and up to £1 million
    5% paid on properties over £1 million

    * O% for first time buyers between March 25 2010 and March 24 2012 inclusive

    Information taken from www.hmrc.gov.uk
  • Removal costs
  • Contingency fund
  • Home insurance
  • Contents insurance

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