Be fully prepared when buying a home by budgeting for these additional costs beyond your deposit.
Buying a home is more expensive than most first-time buyers realise. Beyond your deposit and monthly mortgage, several up-front costs can affect your budget.
Costs to consider:
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Stamp Duty: Payable on most properties over £250,000.
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Conveyancing fees: Typically range from £800–£1,500 depending on the property.
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Survey and valuation: Budget for a survey (£300–£800) and lender’s valuation (£150–£300).
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Mortgage arrangement fees: These can be up to £1,000 and may be added to your loan.
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Removals and storage: Professional movers can cost £400–£1,200+.
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Home insurance: Often required by lenders before completion.
Understanding these expenses up front helps avoid surprises and ensures you move in with confidence—not financial stress.