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