Mortgage set up fees

Purchasing a home is always costly but the prices between providers and products can vary greatly.
Your mortgage adviser will give you a Key Facts Illustration (KFI) and a Key Features Document (KFD) which are documents that summarise the contract and all the fees you must pay. These should be in an easy-to-understand format.
Keep in mind that certain fees such as stamp duty* and conveyancing fees* will not be included in the KFI.
* Stamp duty is a tax you pay when you buy a property. (You don't pay it when you sell a property
* Conveyancing fees are payable after the legal paperwork for transferring a property has been completed.
Other fees you might pay
Estate agency fees
These are paid to the estate agency or selling agent for marketing and selling your house. It typically costs you 1-3% of the selling price.
Legal fees
Legal fees are paid to the solicitor for things like conveyancing, searches and land registry. The Land Registry Certificate includes the property details, the plan and a copy of the lease if the property is leasehold. You can expect to pay at least £400 for legal fees.
Survey fees
These are paid to the surveyor for a detailed report on the property you want to buy.
Tempting incentives..
Lenders can sometimes reduce the cost of your mortgage by offering incentives such as free legal fees or a free valuation. But remember that sometimes products without incentives have a better rate and will save you in the long run so it's best to compare mortgage offers taking into account all factors.