Working out what you can afford

There are all sorts of things you need to consider when you are looking to purchase a property.

Below we have put together the costs that you need to take into account to give you an idea of the costs associated with buying then living in your new home.

1) Upfront/one off costs associated with moving

• Deposit
• Survey
• Removal costs
• Initial furnishing and decorating costs
• Mortgage arrangement fees
• Electronic transfer fee
• Valuation fees
• Solicitors fees
• Stamp duty (if applicable)

2) Ongoing monthly or annual costs

• Buildings and contents insurance
• Monthly mortgage repayment costs
• Utility bills including electricity, gas and water costs
• Phone, TV packages and broadband
• TV licence
• Council tax
• Service charges and ground rent (leasehold properties)
• Mail redirection costs
• Travel costs
• Parking costs (if in a restricted area)
• Congestion charge costs
• Annual boiler service
• One off renovations

If you would like advice about the costs involved in owning your own property - or to work out how much you can afford speak to Chris at our Brighton office about the options available. Call him on 01273 870 302, mobile 07821 409589 or email him on chris@themortgage-house.co.uk – or if you'd like to arrange a call back – fill in the details on our contact page.

We look forward to speaking to you

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