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| What's the maximum mortgage I can get? |
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Estate agent's fee
1-3 percent of the property value
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Conveyancer's fees
Estimate £500
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Surveyor's fees*
Estimate £800
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Lenders fees**
Estimate £800
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Local authority search
Estimate £75
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Land registry
Estimate £170
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Stamp duty***
Percentage of sale (see below)
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Removal firms
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Home improvements
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Telephone, new line and transfer of old number
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Mail redirection
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Emergency fund
It's a good idea to set aside money in case things go wrong
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* 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
All prices exclude VAT at 17.5%.
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