The cost of buying a home can quickly mount up, leaving you wondering where all the money has gone. To help keep your finances on track, record all your money matters here.
Cost:
What's the maximum deposit I can put down?
What's the maximum mortgage I can get?
Estate agent's fee 1-3 percent of the property value
Conveyancer's fees Estimate £500
Surveyor's fees* Estimate £800
Lenders fees** Estimate £800
Local authority search Estimate £75
Land registry Estimate £170
Stamp duty*** Percentage of sale (see below)
Removal firms
Home improvements
Telephone, new line and transfer of old number
Mail redirection
Emergency fund It's a good idea to set aside money in case things go wrong
* Surveyor's fees are: For properties up to £100,000 - estimated fees are £400 For properties above £100,000 - estimated fees are £750.
** Lenders fees breakdown: Lender's arrangement fees, estimated from £200. Lender's legal fees, estimated from £100. Lender's valuation fees estimated from £100.
*** Stamp duty: Properties under £125,000 are exempt from stamp duty. 1% for properties over £125,000 3% for properties over £250,000 4% for properties over £500,000
