It is important from the beginning to know exactly how much your new home will cost you, both the starting out costs and your monthly costs.

You must have at least on average £5,000 savings to cover the costs of buying (depending on the value of your home). These costs are made up of the following:

  • the reservation fee
  • the mortgage valuation fee
  • mortgage arrangement fees
  • solicitors' fees
  • removal costs

Each month you will need to pay the following:

  • your mortgage repayment (on the percentage share you own)
  • your rent payment (on the percentage share Rooftop own)
  • your service charge (small upkeep and maintenance fee)

You will need to organise payment of your own contents insurance, council tax, TV licence, water, electricity and any other utilities that your require, such as broadband, telephone or satellite television.

Affordability Calculator

Calculator IconTo give you a clearer idea of the total monthly cost to expect, why not try our affordability calculator? This allows you to see at a glance how easy it would be to afford your new home. It only takes a few minutes and there is no commitment. 


Info IconClick here for further information on our Affordability Calculator and other costs that you may need to take into consideration.