Other costs of buying a house?

ManUnited123

Looking to buy a newly built house but i've no idea what other costs i can expect as part of the buying process.

I'm aware that I need 10% deposit as a first time buyer and I also need to pay 1% stamp duty. What would be the other costs of buying the property? (Valuation / Solicitor fees etc?)

awec

Solicitor fees prob be 2-3k which should include all the stuff they need to do like land registry etc. Probably varies depending on the solicitor.

The rest really depends what you need to pay for and how big the house is. Do you need to pay for tiling? Flooring? Blinds? What furniture do you need?

Gumbo

Floor finishes.
House and contents insurance.
Mortgage protection insurance.
Blinds.
Curtains.
Furniture.
Floor finishes
House alarm.
Appliances.

ManUnited123

awec wrote: »

Solicitor fees prob be 2-3k which should include all the stuff they need to do like land registry etc. Probably varies depending on the solicitor.

The rest really depends what you need to pay for and how big the house is. Do you need to pay for tiling? Flooring? Blinds? What furniture do you need?

Thanks ! I'm more thinking of costs to acquire the property. There will always be additional costs after you move in (flooring etc. like you mentioned) but I'm trying to budget how much I would need for a 650 - 700K property (or if i can even afford one )

Metalrobe

ManUnited123 wrote: »

Thanks ! I'm more thinking of costs to acquire the property. There will always be additional costs after you move in (flooring etc. like you mentioned) but I'm trying to budget how much I would need for a 650 - 700K property (or if i can even afford one )

Ah here we go

ManUnited123

Metalrobe wrote: »

Ah here we go