Quarter of consumers clueless over homebuying costs

Research by Unbiased has revealed 24% of homebuyers have a distinct lack of knowledge when it comes to the additional costs that go into buying a home, beyond the deposit and mortgage. First-time buyers received a shot in the arm following the Chancellor’s recent announcement that Stamp Duty on properties up to £250,000 will be suspended for those buying their first property this year and next. With house-buyers focused on how much they can borrow for a mortgage and saving for a deposit, other essential costs such as the survey, solicitor fees, and even Stamp Duty tax are not always sufficiently accounted for. One in 10 housebuyers estimate the extra house-buying costs won’t exceed £1,000, when in reality the conveyancing fees alone could cost this much. Furthermore, 4% admit it never even occurred to them there are any additional costs.

Most Popular Articles

Latest Articles

Test post for new category functionality HW+

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla in quam euismod, consectetur urna vel, placerat magna. Sed gravida, nisl eget rutrum porta, libero orci tristique neque, luctus lobortis massa felis sit amet ex. Curabitur ut dapibus enim. Fusce in placerat purus, a hendrerit tortor. Sed neque lorem, tincidunt sed magna suscipit, volutpat rutrum tellus. […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please