Investor
costs.
Who pays what with Shared Equity UK.
Example of Expenses
When Purchasing
A Property For £132,800 |
Total Amount
(100%) |
|
Home-Buyer
Payment |
Investor-Buyer
Payment |
|
Price |
£132,800 |
|
50% |
50% |
| Conveyancing
Fees* |
£400 |
|
50% |
50% |
|
Personal Legal Fees* |
£400 |
|
50% |
50% |
|
Stamp Duty |
£1,328 |
|
50% |
50% |
|
Valuation Fee |
£250 |
|
50% |
50% |
Completion Fee
(2% of The Properties Valuation Price +VAT) |
£3,121 |
|
50% |
50% |
|
Removal Costs* |
£750 |
|
100% |
0% |
Instruction Fee
(Includes VAT). |
£1,000 |
|
50% |
50% |
|
Mortgage Advisor* |
£599 |
|
50% |
50% |
|
|
|
|
|
|
|
When Occupied
(Per Month) |
Total Amount
(100%) |
|
Home-Buyer
Payment |
Investor-Buyer
Payment |
|
Utilities* |
£160 |
|
100% |
0% |
|
Maintenance* |
£25 |
|
100% |
0% |
|
Buildings Insurance* |
£8 |
|
100% |
0% |
|
Contents Insurance* |
£8 |
|
100% |
0% |
|
Council Tax* |
£53 |
|
100% |
0% |
|
Mortgage Payment † |
£597.60 |
|
50% |
50% |
Investment Return
(Your Share of The Mortgage Plus An Additional 1% Over The Interest
Rate). |
£348.60 PCM |
|
100% (Paid To
Investor-Buyer) |
Receive 100% From Home-Buyer |
Management Fee
(8% of Investment Return). |
£27.89 PCM |
|
- |
100% |
|
|
|
|
|
|
|
When Selling |
Total Amount
(100%) |
|
Home-Buyer
Payment |
Investor-Buyer
Payment |
|
Estate Agent* |
1%-2% |
|
50% |
50% |
|
Sellers Pack* |
£44 |
|
50% |
50% |
|
Legal Fees* |
£500 |
|
50% |
50% |
|
Sales Fee |
1% |
|
50% |
50% |
|
Removal Costs |
£750 |
|
100% |
0% |
* Estimated.
† Based on a 90% mortgage with a interest rate of 6%. Not
to be seen as a guarantee.
The above tables are for indicative purposes only, and does not
form part of an offer or contract or constitute financial advice.
|
|
|
