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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