Surveyor’s Fees
If you are getting a mortgage to buy your home from a bank or building society, they will normally require you to have a survey and you will have to pay for this. The cost will vary depending on who is carrying out the survey.
Even if a survey is not required it is in your own interests to have a survey carried out anyway. A survey will tell you about the condition of the property and any repairs that may be necessary after you buy your home.
Legal Fees
You are advised to instruct a solicitor or conveyancer to act for you in the legal formalities of the purchase. You will have to pay the solicitor for the work he does and any fees relating to the purchase. Costs vary between solicitors so you may want to compare prices.
You should only employ a solicitor when you are sure that you want to buy your home and have the necessary finances in place. If you withdraw from the purchase the solicitor may charge you for any work he has done. As part of this legal process you will have to pay Land Registry Fees and any legal costs in arranging your mortgage.
|
