Information For Property Buyers

The costs of buying

There are many more costs over and above the purchase price of the property involved with buying a property than there are in disposing of one. These are as follows:

Solicitor's fees

You can do your own conveyancing, but unless you know exactly what you’re doing, it is probably unwise. As a rough guide, expect to pay approximately 0.5% of the value of the property. Kemp & Kemp Residential understand that choosing and appointing a solicitor can be an added strain. We are therefore able to offer our clients advice as to fast, competitive and efficient conveyancing service. For further information please contact us.

Removal costs

We would recommend you choose a reputable company and get a competitive quote as soon as possible. Particularly, during the busy periods (usually the summer months) removal companies can be fully booked 8 – 10 weeks in advance.

Search fees

The cost can vary so please ask a member of our staff.

Mortgage lender’s legal costs

These are kept down if your solicitor also acts for your mortgage lender, which is more often the case; otherwise these are normally less than £200.

Stamp duty

This is payable on the total value of any property you buy. The level of taxation rises according to price thresholds. Given that stamp duty percentages and thresholds are subject to change at the time of a Budget, please ask any of our staff for confirmation of the current charges.

Extras

These can include the cost of buying new furniture or redecorating, storage, financial advisors’ fees, mortgage redemption fees, if applicable, and so on. Make a generous allowance for these.