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. 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.
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 mort
gage 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!
Calculate CostsMoving Costs
Calculator
Simply fill in the details of your new home in our calculator below, and we will crunch the numbers to tell you what you can expect to pay in fees, costs and charges.
Why Not Try
Our Other Services
We don't just help home buyers - why not check out our other services to see if we can save you more money?
Buy House Only
Instantly uncover the costs of buying a new home with our simple calculator tool.
Costs of Buying
Sell House Only
Work out the costs of selling your property with our helpful calculator.
Costs of Selling
Buy & Sell House
Quickly see all the costs of buying and selling property with the moving costs calculator.
Costs of Both
