Most of the UK property buyers don’t know the costs involved

Posted by admin on April 2 2010 4 Commented

More then 25% of UK real estate property buyers have no clue of how much the  deal will cost them according to some recent research. One in ten people think that the overall additional cost will not go over 1,000 when in fact only the fees can go over this amount.

And so the additional costs of buying a new property with the deposit and mortgage can be a real surprise for most. Some sellers can even advertise the property in a semi legal way by trying to send the wrong message  and “forget” to mention  the additional costs involved. With the buyer being concern especially on how much they can borrow and finding the perfect deal in today market most of them forget to take in consideration the additional costs like the solicitor fees, stamp duty tax and much more.

So the bottom line is: Get a mortgage adviser as a wing men in any transaction – this is not an additional cost as in fact this  will save you money.

4 Responses to “Most of the UK property buyers don’t know the costs involved”

  1. admin says:

    I am building a list of the exact costs involved and I will stick everything in a separate post. if anyone has any comments please post away.

  2. My cousin recommended this blog and she was totally right keep up the fantastic work!

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