Budget for the other costs of buying a home

By: Just 4 Mortgages Ltd

Apart from your monthly mortgage payments, there are others costs when buying a home.

These include:

  • Survey costs
  • Solicitor’s fee
  • Removal costs
  • Buildings insurance
  • Initial furnishing and decorating costs
  • Mortgage arrangement and valuation fees; and
  • Stamp Duty (Land and buildings Transaction Tax in Scotland, or Land Transaction Tax in Wales).

First-time-buyers will pay no Stamp Duty on the first £300,000 for properties worth up to £500,000.

The money advice service have lots of useful information here:

Related post