On top of the property purchase price, you must remember to budget for a number of extras. Make sure you don’t get surprised by hidden costs when buying a house in the UK. Make sure you’re aware of these fees and bills:
Solicitor’s fees, local searches, and Land Registry fee.
Stamp Duty Land Tax on properties over £125,000, £150,000 in certain disadvantaged areas, or £250,000 if you are a first time buyer.
Mortgage lender’s valuation and survey. It’s tempting to skimp on the survey but you may regret it in the long run.
Mortgage application fee, booking fee, arrangement fee, and mortgage broker fee (where applicable).
Buildings insurance. You can’t get a mortgage without it.
Removal costs. One way of saving money is to do the move yourself, so persuade strong mates with vans to lend a hand.
