Mortgage arrangement fee
You may have to pay your lender an arrangement fee. They vary but £1,000 is typical. In some cases this is non-refundable, even if the house purchase falls through. Please visit our mortgage calculator.
This is the fee lenders charge for a valuation to check the property exists and that it also offers sufficient security for the loan. The cost varies according to lender and purchase price, but budget for approximately £300.
Many lenders will contribute to legal fees, although in that case you would have to use a solicitor approved by them. If you pay for your own conveyancing, you're looking at about £500-£800, depending on purchase price.
Buy a property for more than £125,000 and you're likely to have to pay a percentage of its price to the taxman. Use our stamp duty calculator to work out exactly how much stamp duty you will be liable for.
Unless you can pile your belongings into the back of a car, factor in a removal van. These start at £100 for small local moves, but can easily run to £1,000 for shifting a family's worldly goods long distances.
From flaky paintwork to leaky sinks, put aside some cash for unexpected property maintenance.
Furniture and extras
Currently renting a furnished place? Remember you'll need to buy everything from beds and sofas to lawnmowers and carpets.
Then there are the boring but essential extras: light bulbs, lamp shades, toilet brush, washing up bowl, door mats, hooks and extension leads.