Moving
home can be expensive which means its really important that
you budget for the costs in advance. Here is a checklist that
will help you work out the costs.
| Buying Costs | Rough costs for a £50,000 home | Rough costs for a £100,000 | How you can save money or further information |
| Stamp Duty | £0 | £1,000 | Inland Revenue Stamp Duty Calculator |
| Solicitors Fees | £600 | £900 | |
| Searches | £25-£125 | £25 - £125 | |
| Land registry fee | £80 | £80 | |
| Solicitors Extra's (also known as disbrsements) | £35 | £35 | |
| Mortgage Lenders Legal Costs | £300 | £300 | |
| Mortgage Indeminity Guarantee | £500 | £1,400 | The lower the perecntage of your mortgages the lower this cost will be. Also some lenders to charge these fees |
| Valuation | £110 | £160 | This is usually increased based on the value of your home |
| Survey Fee | £300 | £300 | There are different types of survey [more] |
| Buildings Insurance | £100 | £200 | Compare premiums from a number of insurers. Home Insurance Directory |
| Life Insurance | £100 | £250 | Compare premiums from different providers - Life Insurance Directory |
| Mortgage Payment Protection Insurance | Depends | This can cover your mortgage repayments in the event of accident sickness or unemployment - compare several suppliers and its probably worth avoiding your lender as this is a real money spinner for them - Compare Costs |