BILLS TO PAY FOR A HOUSE TV
You'll also need to factor in the monthly cost of your TV Licence, which is around £13 a month. It costs an average of £44 a month, according to Ofcom. BroadbandĪnother bill you'll need to factor in is the cost of staying connected.īroadband is usually sold as a package including TV channels and a fixed landline. This is known as mortgage payment protection insurance. You can also take out insurance to cover your mortgage repayments if you are unable to work or lose your job. If you have a partner or children, it's important to think about how they would pay the mortgage if you were no longer here. Many homeowners take out a life insurance policy to pay off their mortgage if they die.Īlthough it is not compulsory to have life insurance, some mortgage lenders do require it. Read more about home insurance, buildings insurance and contents insurance. But think about how much it would cost you to replace everything you own if your home was gutted by a fire. It may be tempting to cut back in this area. It covers them for damage caused by an event, such as a fire or flood, as well as theft.
Contents insuranceĬontents insurance covers your stuff, such as your clothes and furniture. If you have purchased a leasehold property, buildings insurance is likely to be included in your service charge. It is usually compulsory to have buildings insurance if you have a mortgage on your home. It pays out if your property is damaged by something such as a fire or a flood, or if there is subsidence. The first is buildings insurance, which covers the physical structure of your property. There are several different types of insurance you are likely to need as a homeowner. Unfortunately, you can’t shop around to find a cheaper supplier for water. There will only be one company that supplies the area where you live. If you have a water meter installed, your bill will be based on the amount of water you actually use. The average household spends £34 a month on water and sewerage, according to Water UK. We include the Energy Performance Certificate for properties listed on our website. It means the property is super energy efficient and that means lower bills for you. The certificate rates properties from A to G according to how energy efficient they are. If you're worried about energy bills, take a look at the Energy Performance Certificate of properties you're thinking of buying. You may be able to reduce this a bit by shopping around for the best deal. But to give you an idea, the average household spends around £95 a month on gas and electricity, according to energy market regulator Ofgem.
The amount you have to pay will obviously vary according to how much you use. Next up in the pecking order of expenses are energy bills, such as gas and electricity. You can find out what council tax band a property is in from your estate agent to avoid any nasty surprises. You can apply for a 25% discount if you live on your own.
BILLS TO PAY FOR A HOUSE PROFESSIONAL
The average council tax bill for a band D property is around £2,000 a year or £167 a month, according to professional body CIPFA. Homes are put into bands ranging from A (cheapest) to H (most expensive) for council tax purposes. In England, they are based on values in April 1991. The amount you pay is linked to the value of your property at a certain time. Council taxĬouncil tax is another bill you can expect to fork out for as a homeowner.
BILLS TO PAY FOR A HOUSE HOW TO
Read more on how to work out your mortgage repayments. This means that your monthly repayments will stay the same for your mortgage term.Īs a result, you don’t have to worry about facing a hike in payments if interest rates increase. If your budget is tight, think about opting for a fixed rate deal. You can find it at the bottom of all property listings on our website. Use our mortgage calculator tool to work out how much you will have to pay each month. Your mortgage repayment is likely to be your single largest monthly expense. That's without even thinking about vital TV viewing subscription services. That's an average cost of £352 a month that needs to paid on top of your mortgage.
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