Beyond the hammer price, what are ALL the hidden fees and costs I need to budget for when buying a property at a UK auction (e.g., buyer's premium, solicitor fees, search fees, VAT on premium, SDLT), and how can I get a precise total cost estimate before I bid?
Quick Answer
Beyond the hammer price, expect buyer's premium (plus VAT), solicitor fees (including searches), Stamp Duty Land Tax (SDLT), and potential renovation costs. Obtain the legal pack early and consult your solicitor for an accurate pre-bid estimate.
About This Topic
Discover all hidden fees like buyer's premium, SDLT, and solicitor costs when buying UK auction property. Get a precise pre-bid cost estimate.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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