Selling Your House For Dummies
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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.

About This Article

This article is from the book:

About the book authors:

Eric Tyson, MBA, is the author of Investing For Dummies, Personal Finance For Dummies, and Investing in Your 20s and 30s For Dummies. Ray Brown, a real estate professional for more than 40 years, is the best-selling co-author of Home Buying For Dummies. Ray Brown is a real estate professional with more than four decades of hands-on experience and a public speaker on residential real estate topics.

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