What costs should I expect when buying a home?
Mortgage Brokers are generally a free service but there will be a couple of unavoidable costs there. These may include:
- A Registered Valuation ($800 – $1,200)
- Solicitor Costs ($800 – $1,500)
- LIM report ($150 – $400)
- Builder’s Report ($100 – $500)
- Weather Tightness Report for Monoclad houses ($300 – $1,000)
- Finance fee for non-bank lending (~1%)
Prices can vary. Always request a quote before ordering a report.
Latest Posts
Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…
Most homeowners are familiar with fixed-term mortgages. Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years. But it’s easy…
Purchasing your first home can be confusing. The key to being ready to buy is to be organised. Here are 3 things that first home buyers can do today to…
In recent years, the Reserve Bank has been working on reducing the amount of Interest Only mortgages in New Zealand. In the article below, we look at how it affects…