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
List of costs of buying house
hugheskevi
Posts: 4,784 Forumite
I've just finished buying a house. I thought it might be helpful to list all the expenses involved for anyone new to house buying looking to get an idea of the costs.
This purchase was a straightforward deal for a freehold property, 3 bedroom house.
Cost of property: £285,000
Stamp duty: £8,550
Various fixtures and fittings:£1,100
Legal fees (including all searches/fees other than those listed separately):£759
Mortgage fee: £599
Mortgage Valuation Survey and Homebuyer survey on property: £440
Mortvage Valuation Survey and Homebuyer survey on previous property (deal collapsed): £380
Land registry fee: £280
Removal fees:£70
CHAPS bank fees to send initial deposit and final completion bill to solicitor: £40
Postage:£10
Total cost of the £285,000 purchase=£297,228
There are probably a few other bits and pieces I've missed off, but I think that covers most of it. On top of that furniture needs to be added - I'd say that £3,000 would be minimum I'd want to allow for that (sofas, beds and wooden furniture were biggest expenses for me) but something more like £5,000 or a bit more would be better. Also remember buildings insurance (£100+) and possibly contents insurance (about £100+)
This purchase was a straightforward deal for a freehold property, 3 bedroom house.
Cost of property: £285,000
Stamp duty: £8,550
Various fixtures and fittings:£1,100
Legal fees (including all searches/fees other than those listed separately):£759
Mortgage fee: £599
Mortgage Valuation Survey and Homebuyer survey on property: £440
Mortvage Valuation Survey and Homebuyer survey on previous property (deal collapsed): £380
Land registry fee: £280
Removal fees:£70
CHAPS bank fees to send initial deposit and final completion bill to solicitor: £40
Postage:£10
Total cost of the £285,000 purchase=£297,228
There are probably a few other bits and pieces I've missed off, but I think that covers most of it. On top of that furniture needs to be added - I'd say that £3,000 would be minimum I'd want to allow for that (sofas, beds and wooden furniture were biggest expenses for me) but something more like £5,000 or a bit more would be better. Also remember buildings insurance (£100+) and possibly contents insurance (about £100+)
0
Comments
-
Your removal fees were incredibly cheap. I would have expected £700 rather than £70.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
-
This could be relevant for me in the years to come. Il probs have a van for work so il save on that front. Also a dab hand at diy, many contacts in the building trade already.Work in progress...Update coming July 2012.
0 -
hugheskevi wrote: »Mortgage Valuation Survey and Homebuyer survey on property: £440
QUOTE]
I wish my Homebuyers Survey had been that cheap! My purchase has just fallen through and that part alone cost me £1K.:( So unfair that you can't get that cost back....Penny: I'm a little low on cash.
Leonard: How much you got?
Penny: Nothing!
Leonard: How can you walk around with no money?
Penny: I'm cute, I get by.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards