You can also familiarise yourself with the key terms involved in buying a house using JLM’s Jargon Buster
Review your borrowing potential now.
Home insurance costs – our dedicated protection specialists can find the right insurance for your needs and discuss your options in detail
Stamp duty – use the government calculator for up to date info https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Mortgage Arrangement Fees – Remember, the lender may charge a fee for arranging the mortgage. Speak to an advisor to determine if you will have to pay this upfront or can include it over the term of the loan.
Deposit – For a residential mortgage, as a minimum you will need 5% of the property value.
* If you’re buying a flat there may be other ongoing costs to consider including, annual service and maintenance charges
Need help? One of our advisors will get in touch to discuss your specific requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The FCA do not regulate some forms of mortgages. JLM Mortgage Services Ltd is registered in England, No. 470 1803. The guidance within this website is solely targeted at consumers based in the UK. *A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495. In some circumstances no fee will be payable.