It’s safe to say that purchasing a property can be a long and expensive endeavour. It’s always best to have an idea on how much money you may have to spend. Here are some costs involved with the property purchasing process.

Depending on the mortgage product that has been selected for you by your mortgage adviser, you will more than likely need a deposit. Deposit amounts vary depending on your mortgage product, the purchase price of your property and the loan to value.

Mortgage Advice Fee’s can be applicable when you use a mortgage adviser. These are often charged upon the submitting of your mortgage application and they can vary in price. For mortgage advice within Linear Financial Solutions, our advisers can charge anywhere between £99-£999.

For the legal aspects of your property purchase, conveyancing fees are an expense to take into account. These fees can largely vary in size, depending on the conveyancer you use and the property you purchase.

Through using a mortgage adviser, they will be able to provide insight into the cost of the whole process and guide you throughout.

The information contained within was correct at the time of publication but is subject to change. 

Your home may be repossessed if you do not keep up with repayments on your mortgage.