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If I sold a house for 250k and bought one for 500k what would the stamp duty and legal costs be

11 replies

Lardlizard · 14/02/2020 23:28

Just roughly ?

Not including the removal vans

OP posts:
vinoandbrie · 14/02/2020 23:33

You can use this to calculate your stamp duty: www.moneyadviceservice.org.uk/en/tools/house-buying/stamp-duty-calculator

Lardlizard · 14/02/2020 23:41

Ok looks like it would be 22k plus in total

OP posts:
Lardlizard · 14/02/2020 23:41

Included selling fees

OP posts:
Lardlizard · 14/02/2020 23:41

So basically 22k plus down the drain

OP posts:
MinnieMountain · 15/02/2020 05:20

Do you really need or want to move? It's not money down the drain if you do.

Lardlizard · 15/02/2020 07:26

It’s not a need but something we are thinking about

OP posts:
FamilyOfAliens · 15/02/2020 07:28

So would having to pay the stamp duty put you off buying the half a million pound house?

BarbaraofSeville · 15/02/2020 07:53

Any chance of extending the house that you live in instead?

MinnieMountain · 15/02/2020 08:43

Write down pros and cons of moving, then see if the £22k still seems too much.

popcorndiva · 15/02/2020 08:46

The stamp duty argument is why we are improving our house, but I still want to move in the next 10 years as want to change location. If you are staying in the same area, cheaper to love it than list it

AutumnRose1 · 15/02/2020 09:30

stamp duty is bonkers

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