Here a list of the expenses you might occur when buy a property, based on the purchase of 1 bed flat in London at the date of December 2015, (please note that figures are just indicative and derived from searches and direct or indirect experiences):
Buying Agents around 2.5%t of the agreed purchase price. Sometimes totally worth it.
Mortgage Broker around 250-300£
Mortgage Offer around £200
Solicitor around 2.5% of the agreed purchase price, including
Solicitor's Legal Fee: between £350.00 and £800.00
Leasehold Fee: £125.00
Telegraphic Transfer: £30.00
Bankruptcy Search: £4.00
Priority Search OS1: £3.00
Survey (including “fall through protection”): from £150.00 up to £1000.00
How to chose the right survey
How to chose the right survey
Up to £250 (the portion from £125,001 to £250,000) = 2%
The
next £675,000 (the portion from £250,001 to £925,000) = 5%
The next
£575,000 (the portion from £925,001 to £1.5 million) = 10%
The remaining
amount (the portion above £1.5 million) = 12%
Example here
Deposit usually 2-5% of the purchased price, useful to remove the property from the market.
Deposit usually 2-5% of the purchased price, useful to remove the property from the market.
It can come with an agreement: if the seller back out
of the sale, or change the price without good reason, or delay the process without good reason, it can be fully refunded to the buyer.
Moving A simple ‘man-with-a-van’
service cost around £40 an hour (min two hours), a company that can pack up your house
content and transporting it can cost the double. Ask quotations here.
A company that can move you to other cities or even countries: www.moversnotshakers.co.uk
Time Out favourite happy to take on a job at very short notice www.fast-forward-group.co.uk
Time Out favourite happy to take on a job at very short notice www.fast-forward-group.co.uk