A lender will carry out a basic survey but this does not deal with many structural issues or will not pick up issues such as damp. You may wish to get your own full independent survey that you have to pay for.
You will need to also consider the costs of transporting your goods to and/or from the property.
If you are buying with the aid of a mortgage we have to carry out certain searches. There are also other optional searches. We recommend you carry out searches however even if you are not buying with a mortgage. For more information go to our Searches & Other Enquiries page.
Stamp Duty Land Tax
This is a form of tax that is payable upon transfer of the property to the Inland Revenue. The amounts payable are as follows:
|Price of Property being purchased||Percentage of Tax Charged|
|Under £125,000.00 (or £150,000.00 in disadvantaged areas)||0%|
|More than £125,000.00 and up to £250,000.00||1%|
|Over £250,000.00 and under £500,000.00||3%|
Administrative costs of Landlord
On extensions the Landlord may have administrative costs that will have to be paid.
If there is a new mortgage then a notice will be required and there will be a fee for that.