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I plugged your numbers into my spreadsheet
Amount of Property £300,000.00
Percent deposit of base property price 5% - £15K
Stamp Duty £5,000.00Solicitor £1,030.00
Conveyancing £161.27
Broker £0
Bank Valuation Fee -£680.00
Lenders arrangement fee £1,500.00
Mortgage Account Fee £300.00
Land registry £270.00
Searches £300.00
Independent Surveyor £800.00
Insurance £100.00Total costs £10,141.27
(I added stamp duty as a cost! These were my fees, and some stuff may not be needed for you as I got a house.)
mands
Dear recent home-purchasers. I'm about to go down the route of buying a place for around £300,000 (with a 5%/£15,000) deposit. In your experience, what were your total additional costs on top of the mortgage? Have tried to piece together the pieces but anything obvious I'm overlooking here?
I'm anticipating the following;
Valuation/Application fee for mortgage - £460 (according to mortgage broker)
Stamp duty - £5,000
Solicitor fees - £2,000?
Surveyor fee - £500
Total = just shy of £8,000.
How does that tally with your own experiences?
Cheers!