MoveBudget guide
How much cash do I need to buy a house?
Work out the cash you may need to buy a UK home beyond the deposit, including property tax, legal fees, surveys and moving costs.
The cash needed to buy a house is usually more than the deposit.
Your completion budget may also need to cover property tax, conveyancing, survey costs, mortgage fees and moving expenses.
Your completion budget may also need to cover property tax, conveyancing, survey costs, mortgage fees and moving expenses.
Start with the deposit
Your deposit is the part of the purchase price not funded by the mortgage. Then add the transaction costs that must be paid from savings or other available cash.
DepositYour planned cash contribution toward the property price.
Buying costsTax, legal, survey, lender and moving expenses.
If you are also selling
Usable equity released from your current home can fund some or all of the next deposit and costs. Selling fees and the mortgage balance reduce the amount available.
Your whole move
Bring the numbers together.
Take what you’ve learned here back to MoveBudget and see what you’ll actually need in the bank.
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