This is a Contributed Post
The True Cost of Buying a £1m Home
Having £1m in the bank does not always mean that you’re in a position to buy a million-pound home. While property has proven itself to be a worthwhile investment in the long-term and the sale of high-value properties is on the rise, it’s important to consider all the hidden and associated costs involved with purchasing a property at this price tag.
Even if you have enough cash to buy the property outright and don’t need a mortgage to make the purchase, there are still various upfront and ongoing costs to consider. Here are some of the costs associated with buying a £1m home.