Other ways to help

Beyond the home deposit

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Helping with additional costs

There are several other costs that you’ll need to consider which come with buying a home.

FeeDescriptionTypical range
Product fee

This is charged on some mortgages as part of taking out the mortgage deal.


We don't charge first time buyers this fee on some mortgages.

£0 - £1,999
Valuation feeA standard valuation to make sure the property is worth the amount you’re paying for it.
Most of our mortgages offer a free standard valuation up to £2.5 million.
£150 - £1,500
Stamp dutyYou must pay Stamp Duty Land Tax (SDLT) to HM Revenue and Customs if you buy a property over a certain price in England and Northern Ireland. 
Use the SDLT calculator to work out an estimate (for Wales and Scotland this may be different). 
Depends on, for example, whether this is your first property, an additional property and purchase price.
Surveyor's feesThe money paid to a surveyor for an inspection of a building to determine its condition and value.£250 - £600
Legal feesThe cost of administrative legal work around transferring ownership of a property from one person to another.£850 - £1,500
Search feesThe cost paid to a solicitor to find out information about the property.£200 - £300

You can find out more about all of these fees in our first time buyer guide.

On top of the fees associated with buying a home, there are the other costs to think about: 

  • Moving costs
  • Decorating 
  • Furnishing 
  • Other improvements such as new kitchen or bathroom.

Buying a property in trust

If you’ve recently become parents or are generally thinking of planning ahead for your loved one’s home ownership dreams when they grow up, you could consider buying a second property in trust.

There a several types of trusts available which all have a varied degree of control. A solicitor would be able to help you set up whichever trust you choose. 

Depending on the type of trust you go for, there may be tax implications to consider when the property is sold.

You should speak to an independent financial adviser for more information about using a trust to buy a property.

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