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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