When buying a property, most people focus on the headline price and the Stamp Duty Land Tax (SDLT) due. But Stamp Duty isn’t the only upfront cost to plan for. Overlooking the extras can put pressure on your finances at completion.
Here are three often-forgotten costs to factor in alongside Stamp Duty:
| Hidden Cost | Why It Matters | Typical Range |
|---|---|---|
| Legal Fees | Your solicitor handles the purchase, including filing and paying your Stamp Duty to HMRC. These costs vary depending on the property value and complexity. | £800 – £2,000+ |
| Survey & Valuation Fees | Lenders often require a valuation, and a private survey (homebuyer or structural) can flag issues before you commit. | £400 – £1,500 |
| Mortgage & Arrangement Fees | Lenders may charge an arrangement or product fee, sometimes payable upfront or added to the loan. This can make a big difference in affordability. | £500 – £2,000 |
Why This Matters
With the Stamp Duty nil-rate band due to fall in April 2025, more buyers in West Berkshire will face SDLT bills. If you only budget for the tax itself, the other hidden costs can come as an unpleasant surprise.
By planning early and setting aside a buffer, you’ll avoid last-minute stress and ensure you can complete your purchase smoothly.
