Sounds obvious, but usually the bigger your deposit is, the better. If you save a 10% deposit, your mortgage will be 90% of the property's value. This is known as the loan-to-value (LTV).
This is a government tax that you have to pay if the purchase price is above a certain figure. For more information visit www.gov.uk.
The cost of undertaking a property valuation or survey.
You will need to pay fees to your solicitor or conveyancer, which usually includes the cost of any land registration fees and search fees.
How much you pay for moving depends on how far you're moving, how much stuff you have, if you pack it yourself or pay a removal company to do it for you. You could hire a van and do it all yourself, or pay a professional removal firm. It's a good idea to book early and shop around to get a good quote.
Electronic transfer fee
This covers your mortgage provider's cost of transferring the mortgage money to the solicitor.
Some mortgage may include a product fee. You may be able to pay a product fee by cheque or add it to your loan amount. However, if you do add it to your loan, you need to be aware that you will pay interest on the amount for the term of your loan and therefore it will cost you more.
Costs at home
For any mortgage you take out, you'll have to have buildings insurance. If your new home is leasehold and you pay a management or maintenance fee, check to see if you're already covered.
Don't forget you might need to buy furnishings for your new home. Beds, sofa, fridge/freezer, the list goes on so be sure to include these costs in your budget.
The amount you pay in Council Tax is based on the valuation band your property falls under, it's location and whether or not you're entitles to a discount.
Don't forget the costs for your electric, gas, water, broadband, landline and TV license. Looking on price comparison websites can be helpful.
Costs to keep in mind
Early repayment charges
An Early Repayment Charge (ERC) may be payable if you choose to either repay your mortgage (in full or in part), or switch your mortgage to another provider before your current mortgage deal has come to an end.
A discharge fee (otherwise known as a mortgage exit fee) may be charged when you come to the end of the mortgage term, or pay your mortgage off in full or transfer your loan to another property.