Online conveyancing UK wide, is not the only cost associated with buying a house. There are many things that will need to be taken into account, and any buyer must ensure that their budget will cover everything or risk the sale falling through due to inadequate funds. It is a cost that many are happy to pay, however.
Whether you are a first time buyer or you have bought and sold many houses in the past, your budget will remain fairly similar. The only major difference is that first time buyers will need to pay their deposit (between five and 10 percent of the purchase price in most cases) themselves. Those with a house to sell, on the other hand, may be able to use the equity that has built up to pay their deposit with.
Conveyancing solicitors will work out these details once you speak to them. Apart from the deposit, there are other items that need to be paid for, including online conveyancing. Stamp duty is likely to be the next biggest sum that will need to be paid. It depends entirely on the value of the house and can range from nothing all the way up to 12 percent of the purchase price. This can catch some people (particularly first time buyers) off guard. It must be paid to the government on any property that costs more than £125,000.
Smaller costs include removals fees. Although smaller than your deposit and stamp duty, they can still total thousands of pounds. You will also need to pay any outstanding utilities bills before you vacate your old property.
Online conveyancing UK wide is certainly a lot more competitive than it ever used to be, which is why Conveyancing Index’s online comparison website is such an effective tool.
Simply input your details at https://www.conveyancingindex.co.uk and your results will come to you.
Call us on 0203 874 2020 if you have any questions.