Acquisition Costs
 
Property Type 1 Bed Apartment 1 Bed Apartment
Likely Location Outer London Suburbs Central London
     

Purchase Price

Professional Fees (inc. VAT)

Search & Acquisition

Solicitor (inc. disburs.)

Stamp Duty

Flatbuyers Report/Valuation

Mortgage Arrangement Fee

 

Cost as Percentage of Price

£130,000

 

£2,291

£750

£1,300

£325

£422
______
£5,088

3.9%

£250,000

 

£4,406

£975

£2,500

£325

£812
______
£9,018

3.6%

 

N.B. A Product fee of up to 1% is sometimes charged by the mortgage company, but is often added to the loan amount.

Preparation Costs (before VAT)
These can vary considerably, depending on the condition of the property and what is included in the purchase price. Figures given are therefore average expenditure amounts, but are often considerably lower. In many cases, no refurbishment is necessary, at all.

 

Cost of Furnishings

Cost of Refurbishment

Furnishing/Refurbishment fee

£3,000

£1,000

15% of expenditure

£5,000

£2,000

15% of expenditure

 
 

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