Stamp Duty is payable when purchasing a property over £250,000.
First-time buyers benefit from relief:
No stamp duty on the first £425,000
5% payable on the portion from £425,001 to £625,000
No relief applies on purchases above £625,000
For standard buyers:
£0–£250,000: 0%
£250,001–£925,000: 5%
£925,001–£1.5 million: 10%
Over £1.5 million: 12%
If you’re buying a second home or buy-to-let property, you’ll usually pay an additional 5% surcharge on top of the standard rates.*
Stamp Duty must be paid to HMRC within 14 days of completion, and your solicitor will usually arrange this on your behalf—so it’s vital to budget for it early.
*Correct at time of writing.
A property survey is essential to identify potential issues before you commit to buying.
Survey costs typically range from:
£250 for a basic survey
£500–£1,300 for a full structural survey
Costs depend on the property’s size, age, and condition. Some mortgage lenders will insist on a survey before approving your loan.
While it’s possible to handle conveyancing yourself, it’s strongly advised to use a professional solicitor.
Conveyancing fees can range from several hundred to a few thousand pounds, depending on:
Whether you’re buying only or buying and selling
Property complexity
Leasehold vs freehold
Using a solicitor protects you legally and ensures the transaction proceeds correctly.
There are several mortgage-related costs to consider:
Deposit
Usually between 5% and 20% of the property price. Existing homeowners often use equity from their current home.
Valuation Fee
Some lenders charge a valuation fee to assess the property’s value, while others waive it.
Mortgage Transfer Fee
Typically £40–£50, charged to transfer funds to your solicitor.
Mortgage Arrangement Fees
These can range from a few hundred to several thousand pounds. Some lenders allow you to add the fee to the mortgage, but this increases the total interest paid.
Shopping around—or using a mortgage broker—can help you secure the most cost-effective deal.
Removal costs vary based on:
Property size
Distance
Additional services (packing, storage, boxes)
While it may be tempting to choose the cheapest option or move yourself, professional removal companies can significantly reduce stress—especially on completion day when you’ll already be juggling calls and paperwork.
Even if your new home appears move-in ready, there are often unexpected costs:
Minor repairs
Redecoration
Furniture or fittings
Setting aside a contingency budget will help you settle in comfortably without financial pressure.
Buying a property in Cardiff involves more than just securing a mortgage. By budgeting for legal fees, moving costs, surveys and taxes, you’ll be far better prepared and avoid last-minute surprises.
Once you’re settled into your new home, the planning will feel well worth it.
For a wide range of properties for sale in Cardiff, speak to the experienced estate agents at Fortis.
📞 Call us on 02920 561111
Our friendly team would be delighted to help you find your next home.
Upfront costs typically include:
Deposit (5–20%)
Stamp duty
Solicitor fees
Mortgage-related fees
Yes. Council tax is payable to your local authority, and leasehold properties may also require ground rent payments.
Moving costs vary depending on distance, property size and services required. Removal fees, packing materials and storage may apply.
A mortgage broker can help you find competitive mortgage deals and may reduce overall costs through better rates and lower fees.
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