Considerations For

Costs of Buying a House

When you are just buying a house, without selling another, there are still several fees to account for! These can include the cost of moving your belongings, your deposit for the new property, a valuation fee, pay stamp duty, a sort of land registry - if you are a first-time buyer within England and Northern Ireland you may not be aware of this buildings transaction cost which can heavily contribute to the purchase price, and legal fees such as content insurance or home insurance and things like transaction tax and council tax.

Buying House Only

Our handy Moving Costs Calculator can quickly tell you the expected cost of buying when buying a home. Any first time buyer registered in England and Northern Ireland need to be aware of the stamp duty fees when buying a home, a buildings transaction tax can be as much as 10 mortgage fees. There are other fees you need to worry about after buying a home, such as contents insurance and land registry.

CONSIDER

Important Steps

SET YOUR BUDGET

One of the best top tips for first-time buyers is you need to ensure you have a figure in mind for how much you want to spend when buying a property - this will depend on how much of a deposit you have, alongside how much you can afford to borrow as a mortgage. Don't forget to add on the costs of redecorating, stamp duty,building insurance and removals.

FINANCES & MORTGAGES

There are different types of mortgages available, so make sure you look at all your options when you sort out your finances. Get a mortgage application in early rather than later, and a "mortgage in principle" will leave you in a stronger position and save money when you begin to buy a property.

CHOOSE YOUR PROPERTY

View property you are interested in buying and make sure you look at all the details - you don't want any hidden surprises later on. You can even look to purchase an RICS Homebuyers Report which will provide you with a good amount of information regarding the property you like.

OFFERS AND PRICES

House prices are often a little different from what you actually have to pay. Most people put in an offer which is near the asking price and expect to negotiate the price. You speak to the seller via their estate agent who relays your messages and offers to them.

LEGAL MATTERS

It's important that you use a qualified legal representative such as a solicitor or conveyancing expert to get you through the buying process smoothly. Without a legal representative, the process of moving house becomes very daunting, quickly.

EXCHANGE & COMPLETION

Once all the checks and surveys have been done, it's time to exchange and complete! Exchange is a legal term for the contracts being sent between buyer and seller (see here for advice). Once this happens, the contract becomes legally binding and your deposit is paid. Completion usually occurs a number of weeks after exchange, where you become the new owner!

Buying A New Property?

There are lots of different fees, searches, surveys and costs associated with buying a new home, so make things easier for yourself by knowing what the likely costs will be before you start! Planning the finances of your new house will be much simpler when you know what to expect. Expect to search for Home Buyers Protection Insurance, RICS Homebuyers Reports, Home Insurance, Stamp Duty Costs and Removal Quotes.

Our handy moving costs calculator allows you to see exactly how much money you are likely going to need in order to get the house of your dreams. Compare quotes for different services using our helpful comparison options too!

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Moving Costs

Calculator

Use our simple calculator tool to discover the expected costs for your home move, whether you are buying, selling or both!

Why Not Try

Our Other Services

We can provide information for people selling, buying or both! Use our tools for the scenario to suit your move.

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Buy House Only

Make sure you know what to expect in fees and costs when buying a new house! Use the quote comparison tools to get the best prices for the services you need.

Costs of Buying
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Sell House Only

When you are selling, there are still a number of fees and costs to cover. Make sure you know what to expect ahead of time to reduce any unexpected costs.

Costs of Selling
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Buy & Sell House

Instantly see the costs involved in buying and selling property with our useful calculator tool. We can even help you find the best quotes for everything from removals to conveyancing.

Costs of Both

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Moving Costs Calculator is a trading style of The Conveyancing Network Limited who are authorized and regulated as an Appointed Representative Number: 822060. The Conveyancing Network Limited is an Appointed Representative of Sure Wise Limited who are authorized and regulated by the Financial Conduct Authority (FCA). Reference Number is 618327.

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