Costs to buy your home

Whenever anyone buys a home, there are always associated costs. We call them ‘buying costs’. The main 3 are:

• Stamp Duty

• Solicitor’s fees

• Property survey fees

With Wayhome you only pay in proportion to how much you own. For example, if you start with a 5% deposit, you only pay 5% of these costs. The funding partners pay for the rest of these costs upfront and you reimburse them whenever you buy more.

For example, if you buy another 5% of the home, you also pay back 5% of these costs. It’s as if they lent you the money with 0% interest.

Remember, there might be other things you need to pay for based on your personal circumstances, like removal companies, so don’t forget to budget for them too.

In the next 2 sections, I'll go into a bit more detail about these costs. Let's start with Stamp Duty.