First Time Buyer Best Buys
Set out below are the main costs you may incur when purchasing a property. This is by no means every cost but it covers the main ones to budget for.
– Government tax payable when you complete your purchase. The amount payable is based on the purchase price. Click here to see current rates.
– This amount will vary from case to case but for a single purchase, typical legal fees including disbursements may be around £700 – £1000
– If you are arranging a mortgage to purchase your new property the lender will instruct a surveyor to carry out a valuation to confirm the property will be acceptable as suitable security. This can typically cost between £250 – £350 but this figure may be higher on some mortgage products.
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First Time Buyers