Typical purchasing costs

If you are purchasing a home in Bristol (or anywhere for that matter) there are a number of purchasing costs you should be aware of. The following is a rough guide to the costs of purchasing a property of £245,000 in Bristol.

Stamp Duty - £2,450

(Calculated as a % of the purchase price. This is tax paid to the Government on purchasing a property. Up to £175,000 - 0%, £175,001 – £250,000 – 1%, £250,001 – £500,000 – 3%, £500,001 + – 4%)

Local Search - approximately £300

(Fee payable to the Local Authority for search / information on property, local area.)

Land Registry - approximately £200

(Fee payable to the Land Registry department for the registry and boundary of the property)

Solicitors fees - approximately £395 + vat, depending on firm

(For the legal work involved in purchasing the property)

Telegraphic transfer - approximately £30

(Fee levied for the transfer of funds from the lender to the vendor’s solicitor on completion.)

Valuation fee - circa £350

(Dependent on the company and survey taken)

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This website is the website for Charles Antony, an Appointed Representative of the Whitechurch Network Limited, which is authorised and regulated by the Financial Service Authority.

Your home may be at risk if you do not keep up payments on a mortgage or other loan secured on it.