Buying a house is expensive and although the biggest cost is usually the mortgage there will be other costs for you to take into account when budgeting for your purchase. The costs will either be one-off amounts or ongoing costs that you will have to pay each month.
One-off payments
• Deposit
• Stamp duty
• Solicitor's fees
• Surveyor's and conveyancing fees
• Land registry fees
• Mortgage arrangement fee
• Lender's insurance premium
• Estate agent's fees
• Moving expenses
• Decorating costs
Ongoing costs
• Mortgage repayments
• Life insurance cover
• Mortgage protection cover
• Buildings and contents insurance
• Council tax, water rates, electricity, gas and other regular bills
• Maintenance and decorating costs
The costs will vary depending on the property price, its location and the amount of deposit you have.
If you are selling as well as buying there will be further costs such as additional estate agent's fees.