Other costs can include:

Surveys

Most lenders ask for a valuation survey. They usually cost between £150 and £1,500 depending on the value of the house.

Conveyancing

Fees vary but tend to be around £800 on an average house price purchase.

Stamp Duty

This is paid to the government on properties worth £125,001 or more. Houses valued between this figure and £250,000 are charged at 2%; at 5% on houses between £250,001 and £925,000. There can also be additional stamp duty if you own more than one property.’

Insurance

Many lenders insist that you take out home insurance. This usually costs around £20-30 per month.