The cost of moving home
Your mortgage repayments are not the only costs involved in buying a new home.
There are a number of other factors to consider including the lender's valuation fee and your own survey, plus buildings and contents insurance.
The estate agent will charge you for selling your home - how much exactly depends on which company you use.
On top of these costs you will need to pay the removals company and it is likely you will need money to pay for furniture and furnishings once you have moved in.
Below is a list which will help you calculate some of the additional costs associated with moving home.
Cost of moving home
alexander hall associates limited is authorised and regulated by the Financial Services Authority for pure protection, residential mortgages and general insurance business. We do not charge a fee for residential mortgage advice; however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £499. For impaired credit lending the typical fee is 1% of the mortgage loan. For Buy to Let and Commercial Mortgages a fee of 0.5% of the mortgage loan size applies of which £500 is payable on application with the balance payable on completion.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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