We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First Time Buyer - Fee's and Checks Question
Marcus1981
Posts: 34 Forumite
Hi,
I've been reading and reading this site as has my gf and it's been extremely helpful to us both as first time buyers.
We're busy saving and have our deposit (when I sell my car) however we're currently getting the money together for the fee's we're going to incur. We tried to get it all in place before the Stamp Duty threshold was raised again but it just wasn’t possible.
I've budgeted for £5k of fee's and wonder if this was realistic figure.
Services/fee's I think we will require for a £150k flat........
Stamp Duty
Solicitor
Mortgage arrangement fee
Surveyor
Are these all individual or have I doubled up?
Thank you for any help
I've been reading and reading this site as has my gf and it's been extremely helpful to us both as first time buyers.
We're busy saving and have our deposit (when I sell my car) however we're currently getting the money together for the fee's we're going to incur. We tried to get it all in place before the Stamp Duty threshold was raised again but it just wasn’t possible.
I've budgeted for £5k of fee's and wonder if this was realistic figure.
Services/fee's I think we will require for a £150k flat........
Stamp Duty
Solicitor
Mortgage arrangement fee
Surveyor
Are these all individual or have I doubled up?
Thank you for any help
0
Comments
-
Our fees on FTB house ended up being
£460 surveyer
£1050 property solicitor
(no stamp duty as bought last year)
mortgage arrangement was £899 but added to the mortgage. High, but worth it for the flexibility our mortgage gives us.
... We'd budgetted £3000 for fees etc so had some left over ... which was lucky as house needed new central heating :eek:! Was a straightforward freehold purchase completed 5.5 weeks after offer.0 -
yes 5k will be enough for these fees, im a first time buyer and looking at houses around 150-175 (as over 175 it becomes 2% stamp duty). we hope to budget 5k for this and we expect alot of change from this as we dont want to leave ourselves dry.
Though you want to be careful as when you move in is there going to be furniture etc in the flat? you may need tobudget for fittings as well
Talking approx 1k for solicior 1.5k for stamp duty and 500 valuation...3k in total approx0 -
Thanks, like everything in our forecast we're over budgeting so shouldn't get any nasty surprises.
We have a growing supply of fittings we're purchashing before we start spending on moving such as a sofa cramed in next to our bed. We even got a set of candles from someone as out Christmas present lol.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards