Information for customers trying to find the costs involved when buying a new home in Leicester, East Midlands

The Question People Ask When Home Is – What Are The Costs Involved When Buying A  New Home In Leicester, Leicestershire and the East Midlands Region.

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When planning on moving house, you’ll have a lot more to consider paying, other than your house removals company. We have provided a must see guide on the cost included when buying a new home in Leicester. Many people under estimate the costs involve when buying a new home in Leicester, we have placed our guide to ensure you always stay one step ahead when choosing your new home.

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[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Mortgage Arrangement Fees (M.A.F)

The money you pay to your lender is used to set up your mortgage. These fees are called your mortgage arrangement fees. Mortgage arrangement fees is can vary from hundreds to thousands of pounds, with £1000 being the average price.

Your mortgage arrangement fees, can be payed upfront or spread out through out your monthly mortgage payments. Paying your mortgage arrangement fees up font will avoid you paying the interest.

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[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Legal Fees

Your legal fees are the fees that are payable to your solicitors or licensed conveyancer. The legal fees payed, will cover the legal aspects of your mortgage and paper work involved, when buying a new home in Leicester or the East Midlands. Many solicitors or licensed conveyances will provide a set price or take a percentage of the value of the property you plan to buy.

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[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Valuation Fees

Your valuation fees are used by your lender to carry out various surveys on the property you wish to buy. This type of survey, is a very basic survey,that is mainly for the lender to determine if the property you wish to purchase is satisfactory, security for the loan. Your valuation fees is a fee that will be need to be paid upfront. The price for your valuation fee will deterime the type and size of property you wish to buy.

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[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Stamp Duty Fees (SDF)

If the home you intend to buy, is above the value of £125,000 then you will need to make payments towards your stamp duty fees. These fees also apply to freehold, leasehold properties, buying straight out and with a mortgage.

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[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Survey

There are 3 difreent types of survey’s for you to choose from.

Condition Report

Your survey is a report on the condition of the property you plan to buy. Having a survey will bring to light any hidden secrets within the property it self. Bringing to your attention major areas of concern. Condition Reports are the cheapest of all the survey and prices may range from £100 – £250 depending on type of property and agents used.

Homebuyer Report

Your homebuyer report is a more a more thourough survey, which can be taken along side your valuation report.

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]House Removals Fees

When buying a house in Leicester or Leicestershire you will need to think of the moving costs involve, in moving your household furniture from A to B. You may decide you need the help and support of a professional house removal company in Leicester. Many East Midlands removal companies will provide a free no bligation home survey and charge a set or fixed price for your move.

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The final price of your House Removal is based on many major factors, some which include:

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]The Distance of the move. Local, National or International

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Size of your home and access to the property

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Size and amount of vehicles / removal men needed to complete your move safely

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Specialist items to be moved.

[icon icon=”tag” size=”small” style=”simple” shape=”inherit” bg_color=”#f48a00″]Home packing service taken, along with removal boxes & packaging materials

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If you are moving home in Leicestershire call the MnM Removals team on 0800 0025 543 so we can save you time and money on your house removals.

Alternatively you can contact us using our easy to us contact form listed below. We aim to respond to your query straight away.

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Fill in our ” Contact Us Form ” 

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