First time buyers in the UK are failing to count the cost of home ownership

First time buyers in the UK are failing to count the true cost of purchasing a home with legal fees and insurance catching them off guard, new research suggests. Some 40.6% of new home owners don’t take unexpected fees into account and bank transfers, searches and mortgage set up costs were among the biggest shocks for one on four buyers. The research from Pegasus Personal Finance also found that 24.3% weren’t aware of land registry fees, 16.7% unaware of stamp duty and 14.7% not knowledgeab...