This short guide will highlight any cost you are likely to face when purchasing a property. Our Mortgage consultants will be happy to discuss you with this if requested.

Deposit

Some mortgage providers will want you to place a small amount of deposit so the risks of providing you a mortgage is minimised. Typically deposits are ranged from 5%-10% of loan requested.

Legal Fees

These are conveyencing fees that needs to be paid to your solicitors at the exchange of contracts. There are products available to us that may exempt this payment. Please enquire with our mortgage consultants.

Surveyor’s Fees

This is paid to the lenders to assess the house you intend to purchase. There are different valuation options, the most common is basic valuation. Please discuss this with our advisors for further details. There are products available to us that may exempt this payment. Please enquire with our mortgage consultants.

Mortgage Set Up costs

There may be a charges such as Higher lending charges, product fees, and administrative fees. These fees are more likely to be on very competitive products . Our mortgage consultant will try to ensure that whole of market is searched to minimise these costs and provide a cost effective solution.

Stamp Duty

This is the tax you have to pay the government when purchasing a property.