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How much did it cost you to move house?

4 replies

hickory · 09/10/2007 20:55

Can you give me a rough idea of the costs involved ie stamp duty, surveys, solicitors fees, estate agents ....
And roughly how much cash do we need up front?
Please could someone give us a rough idea because we want to check that we are ready. Thanks!

OP posts:
Charlie999 · 09/10/2007 21:02

Last time we moved 3 years ago, all the fees came out of our equity.

IIRC the only things we paid upfront for were searches (£200ish) and a survey (about £500ish). You also need cash for removal men (we paid £400 and they EARNT it!).

I think prices were in the order of : Stamp duty was 1%, estate agents fees approx 1.5% (for doing bugger all), solicitors was £500 for sale and £600 for purchase.

but all of those came out of the equity and we just took that into account when applying for our mortgage - speak to a financial advisor - worth their weight in gold IMO..

LIZS · 09/10/2007 21:05

Depends partly on how much you plan to sell for and spend - Stamp Duty and EA fees are % based on value so vary wildly. Survey was about £500 valuation + 250 for an extra one. Solicitor about £1200 to buy and sell including searches indemnity policy, mortgage arrangement fees , £1250 ish for removal costs.

LyraSilvertongue · 09/10/2007 21:08

Stamp duty 1% from £130,000 (i think) to £250,000, 3% between£ 250,000 and £500,000 and 4% over 500,000.

Surveyors fees approx £450 for a homebuyer's report

Solicitors fees (for buying and selling) approx £1,500

Estate agents fees anything from 0.5% to 3% depending on the deals around in your area.

Removals costs approc £80 to hire a big van for a day, anything from £400 upwards for a removals company.

Mortgage arrangement fees for us were about £500.

Yuo will need at around 10% of the purchase price as a deposit, but the bigger your deposit, the better the mortgage deal you'll be able to negotiate. You can get 100% mortgages but these aren't generally recommended if you can avoid them.

LilyLoo · 10/10/2007 11:19

hicklory if you looking to see an advisor can i reccomend my dp

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