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THE COSTS OF
BUYING
5% OR MORE
Understanding the costs of buying 5% or more will help you decide if it’s right for you
What are the costs involved?
The main cost is for the extra share you are buying, but you will also need to pay for:
- Valuation report from a RICS surveyor
- Mortgage lender’s fees for arranging extra borrowing on your mortgage
- Solicitor’s fees for legal work involved
- Stamp Duty - if you need to pay this, your solicitor will let you know
- Administration fees - If your landlord is Metropolitan Thames Valley Housing, there is no administration fee to pay. If not, your landlord may charge a fee to cover administration and legal fees of up to £720 including VAT. We can tell you the exact amount.
Monthly payment calculator
Enter the details of your purchase into the calculator below to get an estimate of how much your monthly rent will reduce by. Do not include your service charge.
Note that this is an approximate figure; contact our Aftersales team on aftersales@soresi.co.uk to confirm your personalised payments.
Start now
If you’ve read our step by step guide and would like to buy more shares, let’s get started! You'll need a SO Resi account to access the Buying more shares section.