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Checklist of costs associated
with buying a new home
Stamp duty
| up to £60,000,00
£60,000.00 - £250,000.00
£250,001.00 - £500,000.00
£500,001.00 and over
|
nil
1%
3%
4% |
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Legal fees are approximately £350 for a
purchase price of £100,000
Local searches vary from council to council. The average
cost is £85.
Land registry charges vary between £100 to
£200 depending on purchase price. All of the above
will be handled by your solicitor/conveyancer.
Survey fees vary. The average is £200 for a
property of between £100,000 and £150,000. This is
payable with your application. Some lenders refund the survey fee
upon completion.
All lenders require building insurance. The lender may
insist that they provide it on a special scheme, otherwise you may
arrange your own.
An arrangement fee is usually payable for a fixed rate
deal; most discount or variable rates have no fees.
An indemnity guarantee premium may apply.
Estate Agents’ fees will only be payable when you are
selling a property. These range from 1% to 3% of the sale price.
Moving costs vary enormously. Make sure you get at least 3
quotes from reputable companies.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Financial Services
Authority does not regulate all forms of Mortgages and loans.
Written Quotations are
available on request. Loans subject to status. |
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BFS
Limited, Independent Financial Advisors, BFS House, The Green,
Horsmonden, Kent TN12 8JS
Consumrer Credit Licence 503927
Berriman Financial Services are authorised and regulated by the Financial Services Authority
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