What does it cost to move?

bundly

I'm 20 years out of date with selling/buying hence my ignorance.

If I sell my house for £300,000 and buy another for £300,000 (no mortgages involved) how much will I need for fees, charges and removals, etc?

Ball park figure sought...

Thanks

B.

NicNicP

We sold for £135000 and bought for £180000. Our fees were about £4000 and that included stamp duty. Obviously that would be higher for your purchase but gives you an idea.

lee111s

Estate agent fees anything between £500 (online) and £3-4500 (1-1.5%) from local agent.

Solicitor fees probably somewhere around £2-2500.

Stamp duty £5000.

No clue about removals but it depends if you want them to do everything including distmantling and reassembling furniture/pack boxes etc, or literally to move stuff out and in to your new place. Distance will also play a part in the cost.

bundly

Thanks to both.

I had better budget for worst case scenario so that any savings will be a "surprise bonus".

Estate agent say £3000

Solicitor say £2500

Stamp duty £5000

Total so far £10,500.

Removals - it will be 15 miles, 7 rooms-worth of stuff, they do all the packing and unpacking.

lee111s

Removals, like anything, will massivley vary depending on reputation, local or national company, how much you have to move etc.

Personally I've always moved myself. Ask friends and family for any they've used and contact them for quotes.

You can hire a luton van for around £70 a day though...

goodwithsaving

Selling costs:
Estate agent (aim for 1%)
Conveyancing on sale
Mortgage redemption (n/a to you)
Any checks that may need doing e.g. gas, electric

Buy:
SDLT
Conveyancing to buy
Bank transfer costs
Any insurances required e.g. chancel repair. included in conveyancing bill

Moving costs:
Cancellation of broadband
Cancellation of energy tariffs
Post re-direction
Removals
Don't forget these would need changing (just because it's been a long time since you moved):
TV license address
Driving license, V5, car insurance
Banking address
Council tax, electoral roll
Mobile phone address
Billing companies (energy, water)

I suggest doing a spreadsheet and amending figures as you go so you know exactly where finances stand.

bundly

lee111s wrote: »

Removals, like anything, will massivley vary depending on reputation, local or national company, how much you have to move etc.

Personally I've always moved myself. Ask friends and family for any they've used and contact them for quotes.

You can hire a luton van for around £70 a day though...

Lucky you! I have no friends or family fit enough and who can drive. I can't drive, either, or shift heavy furniture. It really would be a total job for the removal firm. I could email some to get quotes but at the moment I am just wanting to "ballpark" to see if I can afford to do this move.

bundly

goodwithsaving wrote: »

I suggest doing a spreadsheet and amending figures as you go so you know exactly where finances stand.

Thanks goodwithsaving (I like your name!)

What is "Buy: SDLT"

goodwithsaving

bundly wrote: »

Thanks goodwithsaving (I like your name!)

What is "Buy: SDLT"

You're welcome.

Stamp duty. The most painful part!

It's worth paying for removals and people to do it for you. Not cheap but with so many other things to worry about on completion day and things to organise, it's honestly worth it.

bundly

and LT?

Ah yes, apparently my stamp duty will be £5,000. Never had to pay that before!

bundly

If I buy the new place half and half with a friend, is the Stamp Duty the same?