Conveyancing Fees Comparison - What Is The Cost of Buying a House?
Conveyancing fees comparison tools mean there should be no nasty surprises at least when it comes to the cost of your legal fees when moving house. Purchasing any kind of property is an expensive process, though – what will you need to pay for when budgeting for a move? Can you afford it?
Buying a house, no matter whether you are a first-time buyer or you have been through the process a number of time, is always exciting. It is also always expensive. There are a number of things that need to be paid for, and that includes conveyancing. That is why it is useful to compare conveyancing quotes in order to have a better idea of the costs in advance. The upfront costs when buying a house are often a surprise to people, so researching them beforehand will help. Apart from conveyancing fees, you will also need to pay the deposit on your new home. This can range from 5% to 20%, depending on the kind of mortgage you obtain. If you are selling and purchasing, this cost can often be taken directly from the sale of your current property. However, if you are only buying and not selling, you will need to pay this cost in full upfront. Stamp duty is another upfront cost. This is a government tax that must be paid on any property that costs £125,001 or more. The actual amount of stamp duty owed will depend entirely on the value of the property you are buying. Since you can compare conveyancing costs before you commit, it is therefore possible to know what these two major upfront costs will be.
In order to have everything in place and have as stress-free a move as possible, carry out a conveyancing fees comparison with The Conveyancing Network Limited. See our website at http://www.theconveyancingnetwork.com/ to get started, or contact us on 0203 637 2219 or [email protected] to find out more about our service.