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Gladstone Mortgage Services Ltd
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  • Why get advice?
  • Contact us
  • Mortgages
    • First time buyer zone >
      • Home buying process
      • What are the costs?
      • Types of mortgage product?
      • Repayment methods
    • Home movers
    • Remortgage
    • Buy to let >
      • Things to consider
    • Large mortgages
  • Home
  • About us
  • Why get advice?
  • Contact us
  • Mortgages
    • First time buyer zone >
      • Home buying process
      • What are the costs?
      • Types of mortgage product?
      • Repayment methods
    • Home movers
    • Remortgage
    • Buy to let >
      • Things to consider
    • Large mortgages

What Are The Costs?

The total cost involved in purchasing a house can vary depending on circumstances, and without having a detailed discussion it is not possible to give an accurate answer of how much it will cost you. However there are broadly 3 main costs that you'll need to budget for which we have detailed below.

Stamp duty:
Stamp Duty Land Tax, to give it it's full name, is a tax charged by the government whenever you buy land or property above a certain price. A break down of the rates can be found on the HMRC website here and a useful calculator for determining the exact amount you'll need to pay can be found here. (Please note that by clicking any of these links you are now leaving the regulated site of Gladstone Mortgage Services Ltd. Neither Gladstone Mortgage Services Ltd, nor Sesame Ltd, is responsible for the accuracy of information contained within the linked sites.)

Conveyancing costs
This is the costs of having a solicitor handle the legal side of things for you. This can again vary depending on the firm you use and we recommend that you get a quote from your preferred solicitor early on to enable you to budget. If need be, we can help you find a reliable solicitor to act on your behalf.

Valuation Costs
Most lenders will require you to pay a valuation fee in order to send out a surveyor to the property to check that it is suitable to be used as security for the loan. The price of this will vary from lender to lender and typically increases with the valuation of the property. This is the most basic form of valuation and is done for the benefit of the mortgage lender, not you. If you want a more substantial report you will need to pay for one and this can be discussed with your mortgage adviser.

Your property may be repossessed if you do not keep up repayments on your mortgage.

The FCA does not regulate some forms of buy to let mortgages.

The FCA does not regulate solicitors, surveyors and conveyancing.


For mortgages we usually charge a fee of £395 plus commission from the lender.

Gladstone Mortgage Services Ltd. Registered Office: 82 St John Street, London, EC1M 4JN
Registered in Engand, No: 9728203

Gladstone Mortgage Services Ltd is an appointed representative of Sesame Ltd, which is
authorised and regulated by the Financial Conduct Authority.
Tel: 01872 306411
Gladstone Mortgage Services Ltd
Meridian House
Heron Way
Truro
TR1 2XN