Other Costs to Consider When Buying a Home in the UK

04 Apr, 2025 Blog

When you buy a home, the costs go far beyond the property’s purchase price. It’s important to understand all the additional expenses involved, so you can plan your budget properly and avoid any unwanted surprises.

As a UK-based mortgage broker, I’m here to guide you through the full cost of buying a home — not just the mortgage side.

Stamp Duty Land Tax (SDLT)

Stamp Duty Land Tax (SDLT) is often one of the biggest extra costs when buying a property in the UK. It applies to homes priced over a certain threshold, with rates that increase based on the property’s value.

First-time buyers may qualify for relief, reducing or eliminating the amount payable. Always check your potential SDLT bill early in the process to budget accurately.

Solicitor and Conveyancing Fees

You’ll need a solicitor or licensed conveyancer to manage the legal side of your home purchase.
This includes conducting local searches, handling Land Registry documentation, and transferring ownership. Solicitor fees can vary depending on the property’s value and transaction complexity.

Survey Costs

Before you complete your purchase, it’s crucial to arrange a property survey.

Surveys highlight any structural problems or urgent repairs.

There are different types available — from basic condition reports to full structural surveys — each with different costs. A thorough survey can save you thousands in unexpected repairs later.

Mortgage Broker Fees

Some mortgage brokers charge a fee for arranging your mortgage, depending on the complexity of your case.

Any broker fees will always be disclosed upfront. Working with an experienced mortgage broker can save you time, money, and stress throughout the homebuying process.

Removal Costs

Moving costs can add up quickly. Whether you hire a professional removals company or rent a van and do it yourself, it’s important to factor these into your budget.

Prices vary based on distance, volume of belongings, and services required (packing, dismantling furniture, etc.).

Home Insurance

Buildings insurance is a requirement from your mortgage lender when you exchange contracts.
You should also consider contents insurance to protect your personal possessions.

Insurance costs will depend on the rebuild value of the property and the amount of cover you choose.

Budgeting for All Home Buying Costs

Understanding all the additional costs of buying a home is key to planning effectively and avoiding financial surprises.

As your mortgage adviser, I’m here to help you not only find the best mortgage deal but also prepare for every stage of the homebuying journey.

If you have any questions about mortgage costs, moving expenses, or planning your home purchase, feel free to get in touch.

Your home may be repossessed if you do not keep up repayments on your mortgage.