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Cost of Buying a Home Budget Planner

Deposit (5% of purchase price):
Stamp Duty (see note 1):
Rent in advance:
Telegraphic Transfer:
Solicitors fee, (inc searches & Land Registry):
Higher lending charge (if applicable):
Valuation fee:
Mortgage arrangement fee:
Survey fee (if required):
Removal costs:
Other:
Other:
Other:
Other:
Total:

Note 1

Shared ownership units are subject to Stamp Duty. The Stamp Duty is calculated on the full value of the property acquired, and is payable at the rate of 1%. Stamp Duty is payable when the full market value is over £120,000.

As an example the Stamp Duty payable on a shared ownership house with a full value of £180,000 is £1.800; regardless of what percentage of equity is being acquired.