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First-time buyers: 20 costs you need to budget for

Hidden homeowner fees to watch out for
Stamp Duty Land Tax
Deposits
Mortgage advisor services
Mortgage arrangement fees
Mortgage booking fees
Valuation fees
Property surveys
Hiring a solicitor
Conveyancing disbursements
Ground rent
Annual service fees
Electronic transfer fees
Early repayment charges
Removal costs
Building and contents insurance
Mail redirection and forwarding
Household bills
Additional moving costs
Maintenance and repairs
New furnishings
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Hidden homeowner fees to watch out for

Buying a home? Congratulations – there’s nothing quite like the satisfaction of owning your own place! But amidst all the paint and Pinterest-related excitement, remember to pay attention to your wallet, too.

Whether it's your first house or dream home, purchasing a property involves a myriad of fees, both small and large, so it's important to budget accordingly to avoid any nasty surprises down the line.

Click or scroll as we break down the essential costs you need to budget for when getting your foot on the property ladder.

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Abby Driver

06 November 2024

Homes

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