Upfront costs
due before completion
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/reservation-fee-icon.png)
Reservation Fee
A payment the customer makes to have the property taken off the market
1
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/exchange.png)
Exchange Deposit
Paid via your solicitor, due when you exchange contracts
2
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/mor-deposit.png)
Mortgage Deposit
Paid via your solicitor, due by the time you complete your sale
3
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/mor-fees.png)
Mortgage Fees
Paid to your lender when you submit an application or on completion
4
18 %
of first time buyers weren't aware of, or had forgotten about, the cost of valuation and arrangement fees.
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/broker.png)
Broker Fee
Paid to the mortgage broker, usually due on completion
5
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/survey.png)
Structural Survey
(Optional)Paid to the surveyor when you instruct them
6
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/legal.png)
Legal Fees
Paid at various stages throughout the process and on completion
7
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/insurance.png)
Buildings Insurance
Paid to the insurance company, usually required before you exchange contracts
8
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/land.png)
Land Registry Fee
Paid via your solicitor on completion
9
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/stamp.png)
Stamp Duty
Paid via your solicitor on completion
10
Stamp duty is one of the most undervalued costs - on average, first time buyers spend
£700 more
than anticipated.
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/transfer.png)
Money Transfer
Paid to your solicitor
11
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/removal.png)
Removal Costs
(Optional)Paid to a removal firm
12
![](https://barratt-homes-hidden-cost.iprospecthosting.com/img/cleaning.png)
Cleaning Costs
(Optional)Paid to a professional cleaning firm
13
Ongoing costs
you need to consider
Mortgage Repayments
1
Maintenance and Repairs
2
White Goods and Furniture
3
Running Costs
4
Parking
5
Transferring Over
6
If you have a 5% deposit, we could match it with a further 5% through our Deposit Boost offering. Still feel like buying a new home is a daunting task? Check out our guide to home buying.
Please note that all images are for illustrative purposes only.