Costs to include in your budget
| Cost | What to check |
|---|---|
| Down payment | Estimate using the applicable loan-to-value limit and the bank’s assessment. |
| Stamp duty | Check the current rates, property value basis, buyer status and payment deadline with the Inland Revenue Department. |
| Agency commission | Confirm the agreed amount, payment timing and terms in writing. |
| Legal fees | Ask the solicitor for a written quote covering conveyancing and disbursements. |
| Mortgage costs | Check valuation, mortgage insurance if applicable, bank fees, interest terms and early repayment charges. |
| Move-in costs | Allow for management fees, rates, utilities, repairs, furniture and moving services. |
A practical order for checking costs
- Set a purchase price range and estimate the down payment.
- Ask a bank or mortgage adviser to explain the applicable loan terms and any mortgage insurance.
- Check stamp duty and transaction deadlines using current official guidance.
- Get written quotes from the estate agent, solicitor and any surveyor.
- Keep a separate reserve for repairs, moving and the first few months of household costs.
Keep estimates separate from confirmed charges
Some costs depend on the property, transaction date, buyer’s circumstances and service provider. Treat online estimates as planning figures. Before signing, verify the amount, due date and refund conditions in the relevant agreement or official notice.
Official information
Information checked on 19 October 2026. Confirm current requirements and charges with the relevant organisation before acting.
Frequently asked questions
How much cash should I prepare besides the down payment?
There is no single amount. Add the confirmed transaction charges and a reserve for moving, repairs, utilities and household setup. Ask your bank and solicitor for written estimates.
Can an online calculator confirm my mortgage eligibility?
No. A calculator gives an estimate only. The bank determines the loan amount, terms and approval after reviewing the application.
Where can I check current stamp duty?
Use the Inland Revenue Department’s current stamp duty information and confirm how it applies to your transaction.