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Going to buy a new House

What fees should I (first time buyer) pay to buy a new house in UK? How much for the Insurance and Government tax for the property of £100000? What is a leasehold flat?

Asked on Sep 27 2010, General in Cardiff | Report content

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  • There is no stamp duty liable for a purchase at this price, your mortgage arrangement and survey will vary dependent on who you go to and the size of deposit, solicitors will charge you circa £500, plus dispersements of another few hundred pounds. Most flats are leasehold were you own the building but not the land it is built on and will pay ground rent and maintenance fees, and the property will be insured as a block with you paying a share.

    Answered on Sep 28 2010, Report content
  • Mark is right as a first buyer at that level you are stamp duty exempt. Conveyancing fees will probably be in the region of £500 plus additional disbursements. Other fees are liable for survey and mortgage arrangement.

    Answered on Sep 28 2010, Report content

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