The total cost involved in purchasing a house can vary depending on a number of factors. Until we are able to sit down and have a discussion with you to understand your own unique circumstances, it is not possible to give an accurate answer of how much it will cost you. However, there are three main costs that you should consider within your budget:
This is the costs of having a solicitor handle the legal side of things for you. This can again vary depending on the firm you use, and we recommend that you obtain a quote from your preferred solicitor early in the process to enable you to budget appropriately. If required, we can help you find a reliable solicitor to act on your behalf.
Most lenders will require you to pay a valuation fee in order to send out a surveyor to the property to check that it is suitable to be used as security for the loan. The price of this will vary from lender to lender and typically increases with the valuation of the property. This is the most basic form of valuation and is done for the benefit of the mortgage lender, not the client themselves. If you would like a more substantial report, you will need to pay for one which can be discussed with your Mortgage Broker.
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