One-off costs: purchase and financing costs
You need to pay one-off costs when you buy a home. These can be roughly divided into two kinds: purchase costs and financing costs. Previously, you could partly finance these expenses through your mortgage, but this is unfortunately no longer possible since 2018. You therefore need to be able to pay these expenses with your own funds.
Purchase costs, in addition to the purchase price, include things like transfer tax and the deed of conveyance that the notary prepares for you. Financing costs include valuation costs, the mortgage deed and costs for mortgage advice, amongst other things. In addition, the one-off costs involved in buying a home vary depending on the type of property: is it an existing property or a newbuild?
We have outlined all possible additional costs in this article