Your mortgage will have additional costs of course, not the least of which is the interest rate. But other fees are usually present and they may also depend on how many features your loan package has. The basic no-frills package is usually the cheapest, but you may need other features depending on your situation.
Of course the government needs to take a bite of the cherry as well, with land transfer registration fees and various other taxes. Inspection fees may seem unnecessary but will save you from buying a shell eaten out by termites or something with structural damage.
Legal fees must be paid - unfortunately it is very difficult to buy a house without assistance from a solicitor. The fees can be around 2% of the purchase price. Mortgage protection insurance is a necessary evil, as it will protect you from losing the house in the event of illness, injury or death preventing repayments. It is obligatory for those with less than 80% of the purchase price.
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