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Relative cost for a £150,000 property PDF Print E-mail
Written by Real-estate.co.uk   
Tuesday, 01 February 2005

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+

 

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