What costs are there when buying a property?

There are various costs associated with buying a property:
• Stamp Duty Land Tax (SDLT): Current percentages payable can be found at https://www.gov.uk/stamp-duty-land-tax
• Solicitor’s fees: These are based on the purchase price and whether you are buying a freehold or leasehold property.
• Valuation fees: With most lenders, these are also based on purchase price. Many lenders offer free basic valuations as an incentive, but you may wish to have a more detailed valuation – a home-buyers report or a buildings survey. We can offer guidance on what they cover and how to find a surveyor.
• Lender’s arrangement/product fees: These can usually be added to the mortgage or paid up front. On average, the cost is about £999.
• Mortgage broker fees: We do not usually charge a fee for our advice but if you have a complex situation we reserve the right to charge for the extra research and admin required- our typical fee is £150. We are paid commission from the lender.