A bit about the costs involved

This list of one-off costs that  you will incur during the house-buying process provides you with a rough estimate of the expenditures you will have to cover. Please note that in case one party withdraws in the middle of the buying process, for whatever reason, some costs (e.g. for surveys and conveyancing) will incur twice. It is advisable always to take all eventualities into account when making your estimates.


You will not be able to borrow the money to cover the entire price of the property. Instead, mortgage lenders usually require you to put down at least 10% of the price. Note that if you put down less than 15% of the property price, you might have to pay additional “risk interest”.


You will need to employ a solicitor for all the legal aspects of buying a house. Some charge a flat rate, others a percentage of the property price (usually 1%). We recommend to get some quotes before choosing one.

Survey / Valuation Fee

· Basic Survey (required by lender): £100-£300

· Housebuyer’s Report: £250-£500

· Full Structural Survey: up to £1,000 + VAT

Stamp Duty

The government charges a tax based upon the property’s purchase price.

Up to £60,000 Nil
£60,000 – £250,000 1%
£250,000 – £500,000 3%
over £500,000 4%

HM Land Registry Fee

Registration confirms you as the legal owner of the property and registers you at that address. The fee charged depends upon the price of the property.

Up to £40,000 £40
£40,000 – £70,000 £60
£70,000 – £100,000 £100
£100,000 – £200,000 £200
£200,000 – £500,000 £300
£500,000 – £1,000,000 £500
over £1,000,000 £800

Local Authority Search Fees

Your solicitor will carry out a local authority search in order to find put whether there are any development plans that could affect the property’s value. Fees will amount to at least £60.

House-hunting Expenses

House-hunting can be quite a costly business. Expenses include money for eating out, travel and telephone calls, and hotels if you are buying in a different area.

Removal Fees

Doing the removal yourself is time-consuming and stressful. If you decide to employ a company, ask around for quotes first.

How to work it out

After having assessed how much you can borrow and what the expected one-off costs amount to, you can easily calculate how much you can afford to pay for a house.

Amount of money in savings and investments (if usable)
Amount you can borrow
Expected income from sale of current property (if any)
Costs of buying and moving
Maximum property price