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Cost of moving house.

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Comments

  • 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
    Herzlos Posts: 15,396 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    EssexHebridean Posts: 23,946 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 October 2024 pm31 2:18PM
    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! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • badger09
    badger09 Posts: 11,477 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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!


  • Yes, there are certainly a few inconsistencies here. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
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