Costs of moving home

The costs of moving home

There are many things to consider when looking at the costs of moving home . These costs can have an

cost of moving home
cost of moving home

impact on how much

you can afford to buy your next property and you financial position once you have moved. Make sure you take every thing in to account when you factor the costs of moving home.

Have a look at our list below of most major costs of moving home.

Stamp duty

Lets assume you are buying a property for £350,000.

You pay nothing below £125,000, which is £0
You pay 2% on between £125,000 and £250,000, which is £2,500
You pay 5% on the value of the property above £250,000, which is £5,000

So in total this means you’ll pay £7,500 (£0+£2,500+£5,000).

There is a new tax since 4th April 2016 regarding second property purchases. This results in an extra 3% tax being paid on the purchase price if you already own a home. I will talk more on this in our upcoming Buying a second home blog.

Legal fees

Depending on the size of your property you should set aside between £1000 and £2000 for legal fees. It is advised that you contact a local solicitor for a price. Get a fixed fee as the costs will soon mount up on an hourly rate.

Removal costs

This really depends on how far you are moving and if you are employing a company or renting a van. A removal company will cost you between £300 and £600, If you are working to a budget then rent a van and invite friends to help with the promise of pizza and a beverage. However if you are moving long distance it is worth the extra cost of employing a company. The expertise will go a long way. (no pun intended)


Most utility companies will switch your service at no extra cost. However check for things like a phone line in your new home. If you need one fitted the cost of a new line is over £100.


Okay so this is a simple one. You agreed the deposit in the first place so you know what it is. Just keep in mind that money has a purpose. It is not for a new sofa.

Mortgage valuation fee

The mortgage lender will assess the value of the property to establish how much they are prepared to lend you. The cost can be £150-£1,500 based on the property’s value.

Some lenders may not charge you for this, depending on the type of mortgage product you select. The lender’s valuation is not an extensive survey and will not necessarily identify all the repairs or maintenance that might be needed.

Surveyor’s fee

Before you buy a house you should have it checked out by a surveyor. This is vital so that you understand if there are any issues with the property before you buy.

Surveys range from a basic home condition survey costing around£250 to a full structural survey from £600 or more. Paying for a good survey could save you money on repairs further down the line.

Estate agent’s fee

This is only paid by sellers, not buyers, for the estate agent’s services and is negotiated when they put the property on the market and is usually 1% to 3% of the sale price plus 20% VAT.

Mortgage fees

These may include a booking fee of £99-£250, an arrangement fee of up to £2,000 and a mortgage valuation fee (typically £150 or possibly more).

It’s best to pay these upfront rather than adding them to your mortgage, otherwise you’ll be paying interest on them for the life of the mortgage.

Ongoing costs

Remember there are ongoing cost for maintenance and utilities. Depending on the age and type of property that you have purchased these will vary. You can find the costs of running your home on your new EPC however the costs of maintenance will hit unexpectedly so try to put some money aside just in case.

We hope this helps when planning your move. Come back soon to see our moving home checklist blog.

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