Fees ?

travelmonster

Aside from the loan/mortgage itself.

What other costs should a person consider when acquiring a mortgage? I.e solicitors etc

And as to the fees , is it worth asking the advisor for incentives etc ?

ACG

Solicitors - £900 (including searches) + stamp duty.
Valuation - dependent on purhase price, but around £400 if you are buying for under £200k
Broker fee - depends on the broker - £0-1000.

(All figures are ballpark)

I would stick with the best deal, the best deal may have incentives, but it may not. The more specific you are on what you want, the less options you have which in turn may up the overall cost.

glosoli

Moving costs such as van hire and furnishing costs will vary wildly aswell depending on the distance you are moving and how much you own already aswell.

da_rule

Are you remortgaging or buying a new property as the costs incurred will be different.

travelmonster

Buying....
.

ThePants999

ACG wrote: »

Valuation - dependent on purhase price, but around £400 if you are buying for under £200k

Yikes - that'd be an expensive valuation. My lender would have charged £188 or less had it been under £200k. I got a full structural survey on a >£400k house for £460...

ACG

I have another lenders fees open from this morning, they charge £370 on a £200k property.

I would always prefer to give high end figures at the outset, if they are less when the time comes its a Brucey bonus rather than a nasty surprise.

travelmonster

ACG wrote: »

Solicitors - £900 (including searches) + stamp duty.
Valuation - dependent on purhase price, but around £400 if you are buying for under £200k
Broker fee - depends on the broker - £0-1000.

(All figures are ballpark)

I would stick with the best deal, the best deal may have incentives, but it may not. The more specific you are on what you want, the less options you have which in turn may up the overall cost.

Cheers for that.

What about arrangement fees etc ? How much can that cost?

nicholbb

Below are my costs (some xxx as can be wildly different).

Halifax search £500
Stamp Duty xxxx
Deposit (can vary)
Land Registry fees £270
Local Searches & Other Searches £335.6
Solicitors cost and fees on Purchase £818.4
TT fees on completion £14.4
Ground Rent £xxx
Insurance from leaseholder £240

New furniture £part of your soul as you trudge through Ikea again
Gardening tools £xxx
Blinds £481
Grass and gravel £211
Handbag for SO, cause you brought a place and forgot to show her or mention anything for a week or two. £Lots

Hope this helps.

travelmonster

Thanks for the above mate .... what about arrangement fees etc ?

Also what is halifax searches?

amnblog

Lenders arrangement/product fees on residential deals are typically in a range from zero to £999 (the majority are £999).

On higher lending levels fees can be £1,499.

Most Lenders allow you to add your fees to the loan.