Fees/costs in buying a house!

happytails

Can someone shed some light and tell me if im missing anything

Deposit
Arrangement Fee
Valuation/Survey Fee
Searches

Legal fees (solicitors rate, telegraphic transfer, bankcrupcy searches, land registry form in our names etc)

We dont need a removals firm and we dont need any immediate furniture as staying at parents whilst we do the house up

Ta!
Sarah x

suisidevw

This has been covered numerous times in the last few weeks

Deposit : Depends on the house?
Arrangement Fee: Depends on the mortgage you take our? Some have none, some are £2k.
Valuation/Survey Fee: Depends what survey you go for, valuation, homebuyers, strucural etc?
Searches: Will come in Solic fees who will conduct these for you

Legal fees (solicitors rate, telegraphic transfer, bankcrupcy searches, land registry form in our names etc): Again, depends on the house price, stamp duty, which seaches need to be completed etc?!

As a guide, here is the original quote for ours:

Freehold Purchase
Rhiwbina Cardiff, ,
Price: £197,500
On the above information, we expect our charges to be:-
Our fees on your purchase£375.00
Bank telegraphic transfer fee on your purchase£40.00
Completion of SDLT form on your purchase£50.00
OUR FEES£465.00
In addition, we will have to make a number of payments
to government and others including (at present rates):
Bankruptcy search fee on your purchase£4.00
Land Registry fee on your purchase£150.00
Land Registry Search fee on your purchase£3.00
Stamp Duty Land Tax on purchase£1,975.00
OTHER PAYMENTS£2,132.00
SUMMARY
Our Charges:£465.00
Other Payments:£2,132.00
VAT:£69.75
TOTAL:£2,666.75
Please NOTE that the total amount of VAT, stamp duty and other payments may be subject to alteration if the rates are changed after the

happytails

happytails wrote: »

Can someone shed some light and tell me if im missing anything

Deposit 9200
Arrangement Fee added to mortgage
Valuation/Survey Fee £240
Searches £119

Legal fees (solicitors rate, telegraphic transfer, bankcrupcy searches, land registry form in our names etc) £700

We dont need a removals firm and we dont need any immediate furniture as staying at parents whilst we do the house up

Ta!
Sarah x

Thanks for that, i know how much my deposit, surveys and solicitors fee's are i just need to budget for anything else, at what point would the first mortgage payment come out?

ben1985

Hi there,

As far as I know the first mortgage payment will not come until you are actually in the house. It also depends on when it comes out in the month to how much it will be.

It can be a little more or less at certain times of the month but you need to ask your mortgage lender.

I am about 75% through the whole process and I'm also sick of whinging at the lazy solicitors:mad: so I will be glad to answer any questions you have:rotfl:

Regards

Ben