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
Wed, 09 Jun 2010 11:29:46
Comments
Mortgage Approvals Rise
The Bank of England has reported a rise in mortgage approvals.
The official figures suggest that mortgage approvals increased to the highest level in four months in April.
Tue, 08 Jun 2010 11:28:45
Comments
Mortgage overpayments increase according to Lloyds Banking Group
Lloyds Banking Group have reported that twice as many people made overpayments to their variable mortgages in 2009 than in 2008.
According to the figures, 14% of Lloyds Banking Group customers paid more than the minimum amount towards their mortgage in 2009.
Mon, 07 Jun 2010 11:27:15
Comments
House Prices Rising
According to Nationwide, UK house prices are now less than 10% short of what they were back in the boom of October 2007.
House prices are being pushed up by a lack of properties available and last month saw prices rise by 0.5%.
Thu, 03 Jun 2010 11:17:36
Comments
New Government urged to maintain Shared Ownership funding
Twenty one of the leading providers of shared ownership and affordable homes have come together to ensure that the new coalition government maintains spending.
With shared ownership giving so many people the chance to get onto the property ladder, the 21 leading housing associations have written to the new Chief Secretary to the Treasury, David Laws, and the new Housing Minister, Grant Shapps. They are urging the new government to recognise the role that shared ownership now plays in the housing market and the value for money that it offers.
Wed, 02 Jun 2010 11:12:42
Comments
Mortgage brokers dominate the mortgage market
According to a recent study into mortgage lending during the first quarter of 2010, mortgage brokers accounted for 62% of all property loans.
First time buyers seem to the biggest group looking to mortgage brokers for advice on the right product for them, with 71% of first time buyer loans coming from intermediaries.
Thu, 27 May 2010 11:01:34
Comments
Rightmove says property prices could be slowing down
UK property website Rightmove claims that house prices have risen slower in May than in April - a sign that things could be levelling out.
House prices went up 2.6% in April and only 0.7% in May according to Rightmove, indicating that things could be cooling off.
Thu, 27 May 2010 11:00:25
Comments
Nationwide says UK property market stable
The UK's largest building society Nationwide, says that it believes that the UK property market will remain pretty stable over the forthcoming 6 to 12 months.
Mon, 23 Feb 2009 18:09:52
Comments
Shared Ownership Mortgage Deals
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