How much does it cost to buy a home?

The cost of buying a home is not simply the price of purchase. Despite being able to buy a home with a mortgage, in terms of cash it is normal to require at least a 5% deposit. In addition the survey, mortgage fee, and conveyancing process are other fixed costs that you will have to find and which the building society/lender cannot normally help you with.

On top of this there will be removal costs, redirection of postage, and once you are in the property you may plan to carry out extensive refurbishments.

All of this is once you have found a home. The cost of letters, phone calls, and travel in order to find the right property is difficult to define and easy to underestimate.

Below are some estimate figures to purchase a typical property at £180,000

5% Deposit	£9000
Surveyors fee	£450
Arrangement Fee	£200
Solicitors fees	£450-680
Stamp Duty (1%)	£1800
Land Registry Fees	£200
Local search fee	£180
Other search fees	£10
Bank Transfer Fee	£60
Total Cost	£12580