This guide aims to help you understand mortgages better and is in three parts. In part two, we give an overview of mortgage fees.
It is easy to feel overwhelmed by the complexity of different mortgage providers and products.
Fortunately, once you know the basics you will be able to narrow down your choices and make a sound decision. This guide is in three parts. In this second part, we give an overview of the costs involved.
What costs are involved with buying a home?
In addition to saving up a deposit, there are a number of other costs involved with buying a property. These can be broken down into mortgage lender fees and other associated fees (such as legal fees and taxes).
Mortgage lender fees
Legal and other fees
Selling your existing home
If you are selling an existing property then you will also have to think about:
- Solicitor’s fees for selling your house
- The estate agent’s fees for selling your home
- Acquiring an Energy Performance Certificate