Stamp duty is the biggest cost you are likely to face when buying a home
Stamp duty rates
1% on £125,000 – £250,000
3% on £250,000 – £500,000
4% on £500,000 and above
As well as legal fees youll have to pay a range of other fees for searches and registering with the Land Registry.
Typical disbursement costs
Land Registry fees £200
Telegraphic transfer fee £35
Bankruptcy fee £2
Waterboard search fee £35
Land Registry search fee £5
Environmental search fee £35
Local Authority search fee £135
Typical costs of buying a £200,000 home
Lenders valuation £200
Survey £400
Mortgage arrangement fee £400
Legal fees £400
Stamp duty £2000
Disbursments £447
Total £3847
You will also have to add between £500 and £1500 to pay for moving house, depending on how much contents you have.
