Buying and selling property is quite an expensive business quite apart from the actual cost of the property so you will have to take that into account when working out what you can afford. Below are some very rough costs based on a £300,000 property. These will vary on where you live and if you shop around for the best deals. Buying
Deposit - Your mortgage company will usually want a minimum of 5% =£15000
Stamp duty
on a £300,000 house £5000
Valuation fee charged by your motgage lender £125
Suvey fee depends on what option you go for e.g. Homebuyers report £400
Legal fees paid to your conveyancing solicitor £750
Transfer fees
for sending money from the lender to the solicitor £40
Moving house costs depends on how much stuff and how far you are going £800
Estate agents fees £0
TOTAL £22,115
Selling
Energy performance certificate £100
Legal fees paid to your conveyancing solicitor £500
Estate agents fees 1.7% =£5250
Moving house costs depends on how much stuff and how far you are going £800
TOTAL £6650
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