Costs to move house

By Shaun Adams Subscribe to newsletter

There are different costs involved in buying and selling property in the UK.

The main costs are for buying:

Deposit – If you need a mortgage have you a 5% deposit or more saved? Or are you using the equity in your home as a deposit?

Mortgage admin costs and mortgage survey around £500+

Searches – around £250-£300

Legal costs – This can vary according to location and leasehold or freehold, it could be in the region £600-£1000

Current Stamp duty (post 4 December 2014) –

For residential house purchases, the current rates in the UK are as follows:

ConsiderationRate (paid on portion in band like income tax)up to £125,0000%from £125,001 to £250,0002%from £250,001 to £925,0005%from £925,001 to £1,500,00010%over £1,500,00012%

Current Stamp duty (post 4 December 2014) –

Purchase price/lease premium or transfer valueSDLT £150,000£500£200,000£1,500£300,000£5,000£500,000£15,000£1 million£43,750£2 million£153,750

Old Stamp duty (pre 4 December 2014) –

Purchase price/lease premium or transfer value SDLT rateUp to £125,000ZeroOver £125,000 to £250,0001%Over £250,000 to £500,0003%Over £500,000 to £1 million4%Over £1 million to £2 million5%Over £2 million from 22 March 20127%

The main costs are for selling:

Legal costs – This can vary according to location and leasehold or freehold, it could be in the region £700-£1000

Energy performance certificate – Around £100

Estate Agents fees in the UK are around 1.5 – 2% on average, some agents charge extra for floor plans, photography and brochures (Not Cooper Adams ours is all included!)

Removal costs – This can vary a lot but many are in the region of £500 – £1000

For more information or if you would like an exact calculation done please ask the team at Cooper Adams 01903 770055