Cost of moving


When you're buying a house there are a lot of up-front costs to take into account, above and beyond your mortgage. Let us help you estimate the money you'll need...

You're likely to need a minimum of 5% deposit to get a mortgage, but remember that, if you can increase that, you should get access to more mortgage providers and better rates.

The actual amount will, of course, depend on the price of the house, but to consider the example of a £150,000 property a 5% deposit would be £7,500; a 10% deposit would be £15,000; a 20% deposit would be £30,000.


Stamp duty is a government tax that's paid on houses sold for £125,001 or more in England, Wales or Northern Ireland. The amount paid is determined by the property price and rises as certain thresholds are exceeded. There's a higher rate levied on additional residential properties such as holiday homes and buy-to-let homes.


A mortgage provider won't lend you money without doing a valuation of the property. Fees for this vary significantly, but expect the cost to be between £150 and £1,500. It's possible that the provider will incorporate this fee in the overall cost of the mortgage, meaning you won't see it listed as a separate charge.


A survey can be an invaluable part of the house-buying process, helping to highlight any issues with a property before you commit. The more comprehensive the survey, the more you pay; a basic survey may cost about £250, a full structural survey could be over £1,000.


Getting the legal side right is vital when buying or selling a property and you'll need to hire a solicitor or licenced conveyancer. They'll make local searches to check for any issues surrounding the property purchase; expect to pay between £250 and £300 for this.

The other legal fees are on top of this and are more expensive. The actual cost will vary depending on the property and the solicitor or conveyancer, but you're likely to be looking at somewhere between £500 and £1,500 (including VAT at 20%).


Expect to pay between £40 and £50 to the lender to cover its cost for transferring the mortgage money to the seller's solicitor.


First-time buyers shouldn't have to worry about this as it's only paid by those selling a house. The amount paid is down to a negotiation between the seller and the estate agent, but typical costs would be between 1% and 3% of the sale price, plus 20% VAT.


It's possible that you could arrange removal costs for as little as £300, but – depending on how far you're moving and how much stuff you have – prices could run into thousands of pounds.

Consider that firms typically charge more at weekends and at the end of the month, and think about whether it's possible to move your goods yourself.


Total Cost


Saving money to pay for moving costs

There are many ways to cut back on expenditure without impinging on your lifestyle, things that can help you gather the funds you need to pay for moving costs. Read more about cutting the cost of energy bills and saving on your car insurance, or try our money-saving tips for more ideas.

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