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  • Buy-to-Let

    Purchase costs have increased over the years

    I was comparing the costs of a Purchase in 2008 to the cost today and the fees and costs are certainly on the rise even in the NE

    My company is buying a 3 bed house for £80000 and the fees are as follows:

    Valuation Fee £370

    Fees for Purchase £570

    SDLT return fee £30

    Completion Search £5

    Transfer fee £36

    ID checks £12

    Land reg fee £40

    Directors Guarantor  advice for Landlords £474

    Stamp Duty £2400

    Total fees £3937.00

    Not including Mortgage arrangement fee

    in 2008 when I purchased the fees were around £1200 !

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    we dont pay anywhere near that look around and get better deals off solicitors etc

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    Can I ask are you buying via a Company or in your own name ?


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Wow.  I just completed on a remortgaged BTL and paid £0.  The lender paid the conveyancing, survey and other fees, for a cracking % rate.  Obviously the SDLT are excepted with it being a remortgage.  You need to shop around!

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    I think a remortgage is a different kettle of fish

    out of interest do you know if you can get the same deal on a purchase if so tell me LOL


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    With all due respect there’s no real ‘news’ in this. The increase is almost all the Stamp Duty, which is new. For the others commenting you’re being ripped off, and I’m not sure how because that 3% can’t be avoided. Over the course of 11 years other fees are bound to increase to some extent.
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    I started this thread to show maybe new members how much the game has changed since 2008 (when I started out).

    I'm just showing how good old investors had it compared to 2019

    If a new investor wants to build a business fees are high in 2019 and it will take three times longer to recover the fees due to the rising costs

    I would have recovered all my costs with in 12 months it would be more like 36 months now ....

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    You doing something wrong- as your fees are way to expensive- try to get better deal. I bought two houses within last month around similar price and valuation was around 175-195, guarantor fee 125.. buying as company by the way.. not paid anything to mortgage advisor as they get commissions from lenders
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    I suppose it depends on the Mortgage Lender your using

    Can I ask which lender your using for the company purchases and are you a sole director I like five year fixed 75% LTV and I am using precise

    My wife and I are both Directors so the fee is £475 for both of us

    I cant do much for the stranded costs ie stamp duty ect and I think the purchase fee of £475 is not bad


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Yes I am solo director- did this on purpose when was establishing company to avoid extra costs involved and simplify process. Mortgage lenders: gatehouse and precise.. Gatehouse much better- less hassle to be honest.. I am using b2b finance + other brokers independent brokers. I been ripped off for my first mortgage - so now I am more cautious what I am signing for Smile
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    If I had been a sole director mine would have been around £230 for indipendant advice

    did you go for a five year fixed mortgage

    You valuation fee is low I have always payed over £300 for the past 5 years



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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.