Cost of moving house.

Bigphil1474

I think the £500 stamp duty fee is wrong or you've mis-understood something. There should be no stamp duty fee, and that seems high to be just the cost of a nil return. Definitely query it with your solicitor. We paid ours something like £2400 all in but we sold and bought at the same time, and the SDLT was itemised separately on our purchase.

Herzlos

jeff_chandler said:

Had a final bill from estate agents for selling our property for £180,000, the bill comes to £2300 and that includes a £500 stamp duty fee? I thought there were no Stamp duty fees on properties under £250,000. I haven't questioned this as yet because I will not understand their jargon. 

Are you in England? I know Scotland has a lower stamp duty threshold (£140k) but that doesn't fit because at £180k the stamp duty would be £700 (£100 for a first time buyer)

Also, is the fee associated with the sale rather than the purchase? What was the purchase price?

EssexHebridean

jeff_chandler said:

Had a final bill from estate agents for selling our property for £180,000, the bill comes to £2300 and that includes a £500 stamp duty fee? I thought there were no Stamp duty fees on properties under £250,000. I haven't questioned this as yet because I will not understand their jargon. 

(My BiBs) Ummm - you're selling, you don't pay anything to do with the stamp duty - the buyer does! This also (in England at least) isn't anything that the EA should be getting involved with! 

badger09

jeff_chandler said:

Had a final bill from estate agents for selling our property for £180,000, the bill comes to £2300 and that includes a £500 stamp duty fee? I thought there were no Stamp duty fees on properties under £250,000. I haven't questioned this as yet because I will not understand their jargon. 

Apart from the Stamp Duty issue, this makes no sense. 

On 5 October you said 

‘…I can now see the real picture and the hassle of moving. Both myself and wife are approaching 70 and a move would probably be a bit too much for us….’

On 6 October you said 

“My home has sold for £190,000, ……We now have the task of finding a home to move into. The house sold over a month ago and the people who have bought it are desperate to move in. 

We have seen a property further down the Street, it's a two bed Dorma £230,000 which we have forty grand to put towards it……

We are viewing this property on Tuesday 8th Oct and if it's to our liking we'll have it.”

Property sales & purchases don’t happen that quickly  And if your home ‘sold’ for £190k, why is the ‘final bill’ based on £180k?

FWIW, husband & I moved house, twice during Covid lockdowns in early 2021 we were then in early/mid 70s. Decluttering is key!

EssexHebridean

Yes, there are certainly a few inconsistencies here.