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On the day + 28 days later
Auction deposit & completion cost
The true cost of an auction purchase, split into what's due at the hammer, and what you need cleared for completion 28 days later.
£
Additional property
+5% SDLT surcharge
First-time buyer
Relief on main homes ≤ £500k
Due at the hammer
£17,800
10% deposit + buyer's fee + seller fees
Total outlay to own the property
£143,900
Includes SDLT, legals, searches, refurb budget
Breakdown
10% deposit£12,000
Auction buyer's fee (incl. VAT)£1,800
Seller fee reimbursement£4,000
Balance of purchase price£108,000
SDLT£6,000
Solicitor (incl. VAT)£1,800
Searches£300
Refurb budget£10,000
Total outlay£143,900
For guidance only, not financial advice. Verify SDLT with HMRC before completion.