The Additional Costs of House Buying
Buying a property of your own is a huge purchase – it is not only the price of the house itself that you need to take into account when purchasing a property, but also the costs involved in buying a house in addition to the property price. If you are thinking of buying a home of your own, here are some of the additional costs that you may also need to pay…
Legal Fees – These are the fees that you pay to a property solicitor or conveyancer who will deal with the legal parts of the property purchase. Fees can differ and may people often will ask for a solicitor that their estate agent can recommend or one that a friend or family member that has moved recently may have used.
Stamp Duty – Stamp duty land tax is a tax that is paid on a property at the point of sale. It is something that is worth looking into as currently, there is a stamp duty holiday in England, so many buyers are taking advantage of this! It is also possible that if you have moved house in the past few years you may be eligible for a SDLT refund – a company such as https://www.sentientsdlt.co.uk/ can help you with this.
Removal Costs – The actual moving process itself is also an expense that you should take into account – hiring a removal company is a great help when you are moving but it can also cost extra, so if you want to hire a removal company, make sure that you have enough in your budget to do so.