Purchase Costs
Total Purchase Cost Calculator
Enter the price and a few details to see every upfront cost of buying in the UK.
First-time buyer relief requires that you have never owned residential property anywhere in the world (including overseas) and will use the home as your only / main residence, priced under £500,000. Most overseas investment buyers do not qualify.
Payment
1 · Stamp duty
Stamp Duty (SDLT)—
2 · Mortgage costs
Mortgage arrangement fee—
Valuation fee—
3 · Legal & conveyancing
Solicitor fee—
Conveyancing admin fee—
UK process-agent service—
Property searches—
Land Registry fee—
Total purchase costsexcluding the price
—approx. of price—
Cash needed to completedeposit + costs above
—- The solicitor fee and conveyancing admin fee include 20% VAT (the admin fee covers SDLT filing, bank transfers and identity checks). The Land Registry fee and property searches are pass-through disbursements with no VAT. Lender arrangement fees are typically 1–2% of the loan (some are a flat fee); some products waive the valuation.
- Land Registry fee follows HM Land Registry’s scale (full Scale 1 for a new-build new lease). Overseas buyers must appoint a UK agent to receive legal documents on their behalf, and incur additional source-of-funds checks.
- A mortgage also incurs interest from drawdown to the first payment, plus a small bank charge — these depend on the rate and number of days and are not included above.
- Overseas buyers also face currency-exchange costs — consult a specialist FX broker to manage the rate (we do not forecast exchange-rate movements).
- This estimate excludes survey reports, buildings insurance, service charge and ground rent (ongoing costs).
All figures are estimates only and do not constitute a quote or guarantee. SDLT uses current HMRC residential rates; other items are market ranges. The final contract and the lender’s and solicitor’s formal completion statements prevail; IREIS Properties accepts no liability for any difference. Please consult a qualified UK professional before purchasing.