First Time Buyers

Providing all the first time buyer advice you need.

Set out below are the main costs you may incur when purchasing a property. This is by no means every cost but it covers the main ones to budget for.

Stamp Duty

Government tax payable when you complete your purchase. The amount payable is based on the purchase price.  For the latest rates please see the HMRC website by clicking here.

By Clicking on the above link, you are now departing from the regulatory site of JPK Financial. Neither JPK Financial nor Intrinsic Mortgage Planning Limited is responsible for the accuracy of the information contained within the site.

Solicitors Fees

This amount will vary from case to case but for a single purchase typical legal fees including disbursements may be around £700 – £1000.

Property Survey

If you are arranging a mortgage to purchase your new property the leader will instruct a surveyor to carry out a valuation to confirm the property will be acceptable as suitable security. This can typically cost between £250 – £350 but this figure may be higher on some mortgage products.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

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JPK Financial. Registered Address : First Floor, 99 Bishopsgate, London, EC2M 3XD

JPK Financial is an appointed representative of Quilter Mortgage Planning Ltd, which is authorised and regulated by the Financial Conduct Authority. Quilter Mortgage Planning Ltd is entered on the FCA register  (http://www.fca.org.uk/register/) under reference 440718.


The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.