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Relative cost for a £150,000 property |
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Written by Real-estate.co.uk
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Tuesday, 01 February 2005 |
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A total of 3% to 5 % of fees is usual and this includes legal fees, land registry fees and stamp duty. Note that the fees for buying in Britain are lower than most other countries. Here is a list of the fees with the relative cost for a £150,000 property: Fees Cost The deposit (10%) £15000 Solicitor's fees (including VAT) £500 Stamp Duty £1500 Mortgage broker's fee (1%) £1500 Mortgage arrangement fee (including VAT) £300 Lender's valuation (including VAT) £150 Survey £700 - £1000 Local search / land registry £350 Traveling to visit properties £30 Total £20000+ |