What other costs should i consider when buying a property?

When purchasing a property there are many other costs that need to be taken into consideration alongside the mortgage

Your mortgage may come with a fee either from your broker or bank. Mortgage fees can be added onto your product or paid upfront.

You will have legal fees from your solicitors to complete the house sale, these can vary massively so do shop around and go on recommendations.

If your property is liable for stamp duty this can be added into your mortgage, but you will need to take this into account for your overall lending amount.

There are different types of surveys that can be done such as the homebuyers survey and the structural survey. They vary in cost and usually have to be paid to the surveyor unless your bank arrange it for you under their costs.

Consider removal costs and what type of removal service you need. They do vary in service from a simple move of boxes from one property to another, to putting up beds for you, to a full move service where they pack and unpack.

Take into account any repairs or issues that need to be done immediately when you move into the property, such as boilers or any safety issues.

You may also need to take into account furniture you will be need to get for your new home.

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