Buying first home-How much to expect in fee's.

[FTB123]

Hi All.

I'm hoping to buy my first home later on in the year, I've looked at properties with-in my price range to give me an idea of what I'll get.
My question is: other than my deposit what other costs/fees do I need to be prepared for, and how much with these be?

Thanks in advance.

[Mortgage_Adviser]

As a rough guide I would prepare for the following:

Stamp duty: Purchase price Less than £125k there is none,
purchase price over £125k it is 1% of purchase price
purchase price over £250k it is 3% of purchase price

Solicitors - anywhare from £850 plus at a guess

valuation fee ( for mortgage) - can be free, or up to approx £500 depending on lender and purchase price

Mortgage arrangement fee - anywhere from 0 to £2000 plus, but most are between £500 and £1000 (can be added to mortgage)

moving costs - depends on amount of stuff.

This is a very rough guide, if you want more specific costs, you are welcome to contact me and we can take a more detailed look. I am a mortgage broker so will be able to give you accurate costs for the mortgage and appropriate advice about it too.