Selling my first house (and moving!)... what financial info do I need to know?!

[ThisMustBeMyDream]

I bought my first house 13 years ago, and vaguely remember some of the costs. It didn't cost too much, but there was no stamp duty and no other house to sell. The mortgage product fees are easily found, and I'll probably add to the mortgage anyway. But there are other things that it seems impossible to find without giving your details to all and sundry!
It would massively help me out with giving me a rough idea of what the following cost. My house is valued at maybe £170k, and is in the North West, so anyone who could answer with similarly located and priced houses would be a bonus.

• Conveyancing for both buying and selling.
• Estate agent fees (I'm looking at an online estate agent that is free though, but just in case I don't like their business model).
• Moving costs (especially if you had packers).
• Any other costs that were more than £100 that I haven't included (I know that we may need EPC, and there are other low cost things to pay for).

The house I would look to move to would be around £230k. Please help me work my budget out!

Well it depends.

What’s the equity in the house, have you more savings to put down?

You’ll be looking at around £750-£1000 for your purchasing conveyancing fees

Stamp duty

You may want to consider some of the non fee paying mortgages as you end up paying interest on the fee for the duration of the mortgage, so a slightly higher interest rate and no fees could save you £1000s in interest over the next 20-25 years.

Is there an ERC with your current mortgage, if so can you afford to pay that/add it to the mortgage or are you better off porting and topping up your mortgage (effectively having 2 parts to your mortgage, the existing one and the ‘additional’ needed to make your move.

Without knowing more it’s almost impossible to say.

40k
8k, but to be used for moving costs and jobs to get house ready for sale.
Why does that make a difference though?
I know what the stamp duty is, calculator does that one.
I'll be using a broker for the mortgage, so will have them work out total costs before making decisions.
There is an ERC if we complete before October, I believe it is 1%, but I would need to confirm it. I would consider the costs as I said above before making a decision.
It's more the selling/conveyancing/moving that I can't find much about for costs.

Oooh, thought of another cost. Survey. What are people paying for the different types of survey?

If you port your mortgage you might be able to avoid the ERC. We moved last year and had a couple of months in rented and our mortgage provider said we had to pay it but if we bought our new property within 90 days they would refund it, which they did.

We paid a lot for removals and packing but we live in the SE and had a 5 bed house so the job took 2 days. The easiest thing to do is just call a few local removal firms and ask for a ball park figure…

I moved in the summer from a 1 bed flat to a 2 bed house just outside of London. We did our own packing and hired a man and van for around £300 or £400 on the day. However we had also just emptied my late parents house and we hired a garage for storage (£75 per month) for a couple of month so we didn't have to deal with everything in one day .
With surveys there are various levels of survey and depending on what type of property you are buying depends on which survey is recommended. We paid around £600 which was the mid level but I got various quotes first . The surveyor I selected was an independent local to the area and regularly assessed houses of the same type.
Also worth bearing in mind that it can take a while to switch utilities if you choose too and if you are changing areas for council tax. I had a couple of month of paying virtually nothing and then some big bills when everything had been changed over to catch up.

We moved a year ago and here are our costs. This was moving from a 2 bed leasehold flat to a 3 bed freehold house.

Removals - 1279.10
Estate agents - 2700
Solicitors - 4218.77

We moved last year from a 190k house to a 250k house. No stamp duty as it was during the stamp duty holiday.

Estate agent - 1700
Solicitor (buying and selling) - 2700
Hired a van as moving down the road - 160

You pay solicitors for two transactions , selling and buying.

Remember to calculate the VAT on top, and the costs of the searches and other disbursements. A few solicitors should give you quotes. Most will ask for a deposit upfront to commission searches etc, but then take their fee out of the final reckoning when the sale is complete. Discuss with them whether you will pay their fee separately or as part of the overall costs.

Remember to calculate the VAT on top of the % cost for the Estate Agent.

Check all the costs for the mortgage co: their solicitor, arrangement fee, any fee connected to changing old mortgage, their valuation survey etc.

Survey (£800 for basic where I live) but you may also want a structural survey / damp survey etc depending on the house you buy)

Any cleaning? Deep clean / oven / carpets?

We have always tipped the removal team (3 x £20)

Does the removal quote include packing materials? Ours supplied all the boxes, and collected them empty a couple of weeks later. This is useful. We used 130 boxes for a 4 bed semi!!

• Estate agent. We were quoted 1.5% - 0.75% plus VAT.
• Conveyancing we are paying £1200
• Stamp Duty
• Removals. We are getting a Man and Van for approx £200-300. (Not travelling far)
• Post office redirect £45 for 3 months
• ERC on mortgage
• Survey £500
• EICR on house £120, (we also incurred new consumer unit to pass Electrics certificate £500) We've had storage costs at £100pm too but you shouldn't incur those.

The mortgage fees I considered as part of the mortgage.

WRT the ‘man and van’ option for moving, it isn’t just distance but whether it will all fit in one van load.

When selling and buying there is never a time you have ownership of / access to both properties so you can’t do shuttle runs or relays.

You will need to get local quotes and depending on whether you have a shed, garden and loft full of stuff, lots of big furniture, shelves full of books…