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.

Find your local HIP man or woman here

 

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Mortgage Blog »

23/02/09
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How do i go about buying a Shared Equity property?

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House sales are still falling

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