đˇ The Hidden Costs of Buying Your First Home (That No One Warns You About)
So, youâve saved your deposit, found your dream home, and budgeted for your mortgage repayments â but wait. Thereâs a handful of extra costs that can sneak up on you if youâre not prepared. Letâs make sure there are no surprises.
𧞠Solicitor Fees
Youâll need a solicitor or conveyancer to handle all the legal bits of buying your home. Prices vary, but expect to pay somewhere between ÂŁ800 and ÂŁ1,500 depending on the property and the complexity of the sale.
đŚ Mortgage Fees
Some lenders charge an arrangement or booking fee. This can be a few hundred pounds, sometimes more. Your mortgage advisor will explain whatâs involved and whether itâs worth paying upfront or adding to your loan.
đĄ Survey Costs
Even if your lender does a basic valuation, itâs often worth having your own homebuyerâs survey done. It can flag up potential issues before you commit â and potentially save you thousands later.
đŞ Moving Costs
Whether youâre hiring a van, paying professional movers, or bribing friends with pizza, moving day always comes with a few expenses. Plan for it early so youâre not caught short.
âď¸ The Little Things Add Up
New locks, furniture, curtains, paint â all those finishing touches that make a house feel like home. They add up faster than you think, so itâs worth setting aside a small budget for these extras.
đĄ Our tip:
Plan for these costs from the start. Knowing whatâs coming means you wonât have to dip into your emergency fund or rely on credit once you move in.
đ Need help breaking down what you can really afford?
Our mortgage team can give you a clear picture of all the costs involved, so you can buy with confidence (and keep a little left over for that takeaway on moving night).