You will also have to cover the costs for the survey or valuation of the property, the cost of this is normally based upon the value of the property and can range from £0 to over £1,000.
You also will need a solicitor who will carry out all the associated legal work that needs to be done when purchasing a property. This is known as conveyancing and the cost of this is based upon the amount of work involved with the purchase.
The lender may also charge an arrangement/booking fee for your mortgage along with our advice fees.
If you ask us to arrange a mortgage for you we can be paid by either commission or a fee or a mixture of them both.
If you choose to pay us a fee, this will usually be a fee of £500, payable at application, for mortgage advice and recommendation. Plus a fee of £500, payable at completion, for mortgage administration. We will refund to you any commission we receive from the lender.
Contact us to find out how much these fees may be.