Repost- cost of moving in 2025

[violetcuriosity]

Reposting for traffic-

Hi all,

It's been about 8 years since I bought a house so just wondering if anyone could give me some rough ideas about how much we need to have in savings before we put ours on the market please? E.g. stamp duty (can we take this out of our current equity?), conveyancers, removals, survey, estate agents fees, anything else I've forgotten/repressed from my memory 🤣.

Our fixed rate ends next September, so when would be the best time to put the house up for sale?

We will have a £5-10k buffer on top too.

House price (purchase) will be about £375k, roughly £145k in equity in current property. In Suffolk if that makes any odds.

Thank you!

Survey 500 for level 2, 900 for level 3

Conveyancing 1700-2k

Bumping for you for the rest.

I bought a flat in London in 2023 and costs were:
Level 2 Survey £500
Solicitor fees £2,000
Mortgage fee £99
Broker fee £600

I did the moving myself and was under the new stamp duty threshold so nothing to pay there.

Good luck with it all! 😄

You bought a £1.5 million house if you paid that amount of stamp duty. Your situation is not exactly comparable to the OP.

You could try this...

https://www.movingcostscalculator.co.uk/calculator/

@Hateliars34 sorry, hadn’t read OP’s post properly, thought she was after more general 2025 moving costs. Will get mine taken down.

best of luck @violetcuriosity - our move happened quickly in the end but I understand generally from offer to completion is in the region of 12-18 weeks so factor in that time, plus time to sell/find somewhere you want. Definitely worth looking around now and getting house ready for sale al- declutter, find a good broker/look online at mortgages, and strap in as it can be stressful in many ways!

Thank you for your suggestions though! I nearly fainted when I saw the costs 🤣 I bet your house is beautiful though! Yes, ours will be slightly more humble but in a beautiful part of Suffolk so we can't complain 😄.

Thank you so much for your replies, I'd forgotten about having to pay the conveyancers for the sale and purchase but I vaguely remember last time we went with a high street company who did both as a package deal. I'll look into the moving costs calculator.

If you want to move in September I would list it around Easter time next year.

I'm buying in the SW and level 2 survey is costing £654 incl VAT. I got a load of quotes, highest was £1200!!

I'm in Herts and here estate agents all offered me 1% selling fees. Cost £85 to get an EPC done (you can't sell without that). There might be mortgage arrangement fees. You want to allow plenty of slush fund for legal fees when you are selling, there are lots of things that might pop up that you might have to buy indemnities for, or if currently property is leasehold you have to pay for the leasehold pack. Also bear in mind that buying AND selling means paying two lots of conveyancing fees.

Stamp duty depends entirely on purchase price - calculator here https://tools.moneyhelper.org.uk/en/sdlt-calculator. Stamp duty usually just paid to your solicitor as part of their final bill.

You're going to have to add £2,500 to your Stamp Duty costs now as they will be reintroducing the £125k - £250k band at 2% at the end of March 2025 :( We might be in the same boat if we dont manage to buy and complete by then (just going on the market now).