Buying a house for £225,000

Legal fee 725
VAT on Legal fee 145
Mortgage fee 110
VAT on Mortgage fee 22
Searches 350
Land Registry 135
Bank charges 25
VAT on Bank charges 5
Sub-total 1,652

Then add Stamp Duty Land Tax:-

Stamp Duty or Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here. Click below to see how much tax you have to pay –

SDLT Rates