We are being asked this question more frequently than ever, especially now.  We thought we would get together a list, to give a rough idea of what is involved when moving home.
 
Estate agents’ fees – Most estate agents will charge a fee ranging from 1-2% of the selling price, depending on the quality of the service and the marketing.
 
Solicitor’s fees – A solicitor will handle the legal aspects of the sale of your home and the purchase of your next property.  A more experienced solicitor is worth the extra level of fee if the sale is more complex.
 
Surveyor’s fees – You may wish to have a survey on your new purchase, to assess the condition and value of the property.
 
Mortgage broker fees – If you are purchasing with a mortgage, you may need to pay a broker for their services and fees.  We work with Key Mortgage Advice and would be happy to put you in touch with them for further information.
 
Stamp duty – upon buying a new property, you may need to pay stamp duty (tax on a property purchase).  This can vary depending on your situation.  Stamp Duty Land Tax: Overview – https://www.gov.uk/stamp-duty-land-tax
 
Removals – on completion day, you may need to pay for a removal company to transport furniture and belongings to your new home.
 
Works on the new property – You may need to take into account with the onward purchase, that there may be work/maintenance required, prior to your moving in.
 
Taxation advice – the sale of a property can trigger tax payments and it is important to be informed of the position before selling.  Capital gains tax and inheritance tax positions may apply and well-rounded advice is important.
 
If you would like to talk this through in more detail, please contact one of our offices and we would be happy to help.