Single First Time Buyer 34k salary 60k deposit...
Discussion
Matt_N said:
HustleRussell said:
Would £5k be a realistic ballpark figure for actually acquiring the property I.e. Arrangement fees, solicitors fees, stamp duty on ~£230k?
Stamp duty is currently 2% of the difference between £125k and your purchase price of £230k, so £2100.Solicitor's fees are around £1500 all in to buy somewhere at present.
Mortgage valuation fee from £250 for the basic one.
Mortgage arrangement fee, depends on your mortgage and can be added to it but most are around £1-1.5k at present.
Guess who is moving house at present, so selling and buying?
Pretty gauling having to hand around £8k over in fees and what not!
Seems I got a bargain with my solicitor fees!
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