Costs of buying your home

Application/Arrangement Fees
Most mortgage lenders will charge you an application or arrangement fee.

Solicitors Fees
As well as paying a solicitor or licensed conveyancer for the work he or she does, you’ll have to pay the cost of land registry charges and local search fees. If your lender has their own solicitor acting for them, you may have to pay their fees as well.

Stamp Duty
This is a tax paid by you when you buy a property worth £125,001 or more. The amount you pay will depend on the value of the property you’re buying.
Please note this information is correct at the time of printing.

With effect from 24/03/2010 (the Budget 2010), the Government introduced a scheme where First Time Buyers won’t have to pay stamp duty on properties worth £250,000 or less. At the time of printing it is not clear how long this scheme will last. For more information please visit Beginner's Guide to Tax.

Valuation and Survey Fees
You may need to pay for a valuation or survey. The amount you pay will depend on the type of valuation or survey you choose. See "Features of a mortgage" for more information on types of survey.

Mortgage Advice Fees
Some advisers may charge a fee for the advice they give you. Your adviser will give you a combined Initial Disclosure Document (IDD) which will explain any fees they may charge. In some instances an adviser fee may be charged even if your mortgage doesn’t go ahead.