MOVING OUT EXPENSES CALCULATOR PLUS

Hiring a cleaner to do a deep clean can cost between £100 to £350 7. You might want to have your new house cleaned too. Cleaning – You’ll want to leave your old home in good condition for the new owners.The cost can vary depending on your requirements 6.

Packing materials – When packing up your home, you’ll need boxes, bubble wrap, tape and labels.

The fees for this depend on how much space you need but starts from approximately £25 for a 50 square foot unit 5. This means you may need a place to store your stuff for the time being.

Storage – Sometimes there’s a gap between handing over your keys and moving in.

MOVING OUT EXPENSES CALCULATOR PLUS

This is often 1% to 3% 4 of the sale, plus 20% VAT.Įlectronic transfer fee – A standard £40 to £50 4charge for transferring your mortgage loan from the lender over to your solicitor. This can help you find out any issues with the building – including any faults or repairs that you might need to carry out.Ī good surveyor can cost from £500 to £1,500 3, but any issues highlighted could help you lower the asking price of the property.Įstate agent fees – If you’re selling your house, you’ll need to pay the estate agent for organising the sale. This can cost between £100 and £1,500 2, depending on the value of the property.Īs well as the valuation for your lender, you will probably want to get a survey for yourself when you’re moving house. This is to check the property is worth the agreed sale price and doesn’t have any issues that will affect its value. Your lender will also need to carry out a valuation of the home you’re buying. You can use our Halifax conveyancing service to compare quotes for your legal costs from our panel of up to 200 conveyancers. Just like the first time you bought a house, you’ll need help from a conveyancer to sort out the legal bits. You'll find all this information in our comprehensive guide to Stamp Duty.Ĭonveyancing, surveyor and valuation costs The rules and rate of tax differ for first time buyers and if you live in Scotland or Wales. You can either pay these upfront or add them onto your mortgage.Īfter your mortgage fees and deposit, Stamp Duty is likely to be your highest cost when moving home.įrom 23rd September 2022, if you're moving house in England and Northern Ireland, you will not have to pay Stamp Duty on the first £250,000 of a property's purchase price. You’ll also need to pay any fees to set up your mortgage. If you’re buying a much more expensive house, you might need to save extra to cover the difference. If you’re moving house, you’ll be able to use the equity from your first home to go towards your next deposit. A deposit of 15% or more of the property value might give you a better chance of being accepted. This ranges from a minimum of 5%, but a low deposit can make it harder to get a mortgage. You will usually need to provide a deposit to get a mortgage for a property.

Moving out expenses calculator