Cost of Moving House
Moving house can be very expensive and time consuming process. Here is a guide to where your money goes
Estate Agents Fees
Estate Agents normally charge between 1% to 2.5% depending on where you live. With the boom in property prices they are now earning twice as much than they where 5 years ago for selling the same house and doing the same work!!!!
- £100,000 - £1000 to £2,500
- £200,000 - £2000 to £5,000
- £400,000 - £4000 to £10,000
- £600,000 - £6000 to £15,000
Also see Find an Estate Agent
Stamp Duty
Stamp Duty is the fee you need to pay the government of the pleasure of selling your house. Again with the property price boom they are getting twice as much as they used to from the sale of an average house.
Below are they percentages you will pay on the sale of your house:
- £0 - £125,000 - 0%
- £125,001 - £250,000 - 1%
- £250,001 - £500,000 - 3%
- £500,001 or more - 4%
Below are example stamp duty fees you will pay
- £150,000 - £1,500
- £200,000 - £2,000
- £250,000 - £2,500
- £350,000 - £10,500
- £450,000 - £13,500
- £550,000 - £22,000
- £650,000 - £26,000
Also see Direct.gov.uk - Tax On Property And Rental Income
Solicitors and conveyancing
Conveyancing is the legal transfer of ownership of leasehold or freehold property and can be a very complex and time consuming affair. You can be charged anything from a few hundred pounds to several thousand pounds depending on the complexity and the value of the property. Because of the relative complexity of a leasehold sale, legal fees will be higher for homes of this type rather than a freehold house.
Costs start from £199.00 with online conveyancing companies.
See our Find a Solicitors and conveyancer page for further information
Surveyors
There are several levels of surveyors you can get; we would recommend you go for the fullest report. This could save you thousands in the future. It could also help you get your home at a discount if it uncovers un foreseen structural problems
A valuation & homebuyers report cost about £250. A full structural survey will cost upwards of £450-£500 depending
See our Find a Surveyor page for further information
Removals
This can be as expensive or cheap as you want to make it. If you have the time and energy it will be free; well apart for the van hire.
If you want to get someone into do it will cost on average around £500 to £600
Home Information Packs
Home Information Packs cost around £199.00 only if you own a 3 bedroom house.
- Types of Mortgages
- How much can I borrow?
- Mortgage calculator
- Home Information Packs
- Mortgage Jargon Buster
- Mortgages Key Facts
- Pay mortgage off early
- Property Websites
23/02/09
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Shared Ownership Mortgage Deals
Take the Shared Ownership Mortgage challenge with Click n go Mortgages, we are leading Shared Ownership Mortgage Broker based in Kent and service the whole country we access the whole of the Shared Ownership market to find the best Shared Ownership Mortgage that's right for you - take a look at some of the deals we found for our happy clients.
27/01/09
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Mortgage lending increases for home buyers.
In these tough times its hard to get a mortgage, there was 22,051 mortgages approved in December an increase on November’s figures according to the British bankers association. For those lucky ones who have managed to get a mortgage it’s just as important to protect your self against losing your home.
22/01/09
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Shared Ownership latest mortgage deals rates and lending criteria
With Rightmove reporting increased demand for houses and property listings at an all time low. First time buyers are struggling to save the deposits which lenders are currently insisting on to purchase in today’s market. So the alternative is to buy via a Shared Ownership scheme.
21/01/09
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Mortgage Lending ‘fell by 30% last year’
There was huge contraction in the amount of mortgage lending in 2008. The credit crunch has swept through the housing market and all but obliterated most of the mortgage deals that were available in 2007.
20/01/09
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Government announces second round of measures to provide new lending
Banks need to use these facility's to help breath life into the failing housing market as First time buyers and home movers continue to window shop.
19/01/09
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House hold demand in the pipe line
When the market does turn, first time buyers will re-enter the market, driven by the renewed affordability of owning over renting. With lenders cautious on loan to value ratios, there will be new types of shared ownership and shared equity schemes to be in high demand.
18/01/09
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Bank bail-out to help with lending
New rescue package to help bank's start lending again. Gordon Brown will announce plans to guarantee mortgage lending tomorrow.Will this be the news first time buyers have waiting for?.
15/01/09
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Mortgage lending continues to fall
The Council of Mortgage lenders (CML) have reported that their was only 33,000 new loans granted in November, that's a 17% reduction compared with last month. First time buyers are finding that they have to put down a large deposit. On average a first time buyer has to put down an 18% deposit of the properties value.
14/01/09
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How do i go about buying a Shared Equity property?
My partner and I are lowly first time buyers with a few savings, certainly not enough for a deposit. We rent our slightly shabby 2 bed house, which I long to decorate but don’t want to add value, and are slowly but surely paying off our landlords’ mortgage.
13/01/09
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House sales are still falling
RICS the Royal Institution of Chartered Surveyors said the housing market has reached a low not seen for 30 years. First time buyers are struggling to take advatange of falling house prices.











