What are the costs involved in buying a property in the UK?
Buying a property is an exciting milestone, but it’s also a financial commitment that goes beyond just the purchase price. Whether you are a first-time buyer or a seasoned mover, understanding the full range of costs involved in buying a house or flat is crucial for planning your budget effectively. We have devised a summary of the main costs to expect when purchasing a home in the UK.

Legal fees (solicitor or conveyancer costs)
You will need a solicitor or licensed conveyancer to handle the legal side of your purchase. Their fees cover:
- Reviewing contracts and title documents
- Conducting searches
- Acting for your lender
- Exchanging contracts and completing the transaction
- Registering your ownership with HM Land Registry
- Paying Stamp Duty Land Tax (SDLT)
Leasehold properties usually incur higher fees due to extra checks and lease review.
Stamp Duty Land Tax (SDLT) / Land Transaction Tax (LTT)
This tax applies to most property purchases in England (SDLT) or Wales (LTT) above a certain threshold. The amount depends on:
- Property price
- Type of buyer (e.g. first-time buyer, second home, overseas purchaser)
- Property use (residential or buy-to-let)
Mortgage fees
Lenders may charge:
- Product or arrangement fees
- Valuation fees
- Transfer fees to send funds to your solicitor
Some fees can be added to your mortgage, while others are payable upfront. You will need to speak to your broker for a full breakdown.
Exchange deposit
At exchange of contracts, you will typically pay 10% of the purchase price. This legally binds the transaction. It is different from your mortgage deposit, though often forms part of it.
Insurance
- Buildings insurance is required from exchange for freehold homes
- For leasehold properties, the freeholder often insures the building (paid via service charges)
- You will need separate contents insurance to cover personal belongings
Removals and moving costs
You can hire a removals company or handle the move yourself. Costs vary depending on distance and services required (e.g. packing).
Land Registry fee
After completion, your solicitor will register your ownership with HM Land Registry. A registration fee applies and is usually included in your legal costs.
Disbursements and other miscellaneous costs
These are third-party costs your solicitor pays on your behalf, such as:
- HM Land Registry and bankruptcy searches
- Electronic ID checks
- Bank transfer fees
- Indemnity insurance (if needed)
Ellis Jones Property Experts
Understanding the true cost of buying a home is key to avoiding financial surprises. From legal and mortgage fees to surveys, taxes, and insurance, each stage of the process comes with its own set of expenses.
Being well-informed allows you to budget confidently and make smoother, stress-free property decisions. Get in touch with our property experts today on 01202 525333.
How can we help?
When you submit this form an email will be sent to the relevant department who will contact you within 48 hours. If you require urgent advice please call 01202 525333.