The figures shown above are for two example scenarios. Your actual total cost will depend on many factors. This is significantly affected by the price you pay (Stamp duty cost) and the price you sell (Estate Agency fees) these being the biggest single costs when buying and selling any property, not just a brand new home. Some of the larger builders offer schemes such as part-exchange and stamp duty paid on certain plots at certain times of year. The other incidental costs may be either higher or lower depending on your individual circumstances and are offered as an approximate guide only for general budgeting purposes. Mortgage valuation and arrangement fees may also vary.
How much does it cost to move to a new home? There are many hidden costs when selling and buying a house, and the guide below will make sure you take everything into account.
Selling at: Buying at: |
£180,000 £249,000 |
£220,000 £275,000 |
Estate Agents fees @2.5% incl Vat Energy Performance certificate Solicitor Fees Selling Solicitor Fees Purchase Search Fee Other costs Land Registry Stamp Duty (based on 2015 rates) Mortgage Valuation Survey (average) Mortgage Arrangement Fee (average) Removal Costs TV Aerial Installation. Carpets Sub Total |
5,287.50 50.00 580.00 854.00 115.00 154.00 278.00 2,480.00 22100 1,230.00 850.00 150.00 3,000.00 £15,249.50 |
6,462.50 50.00 580.00 854.00 115.00 154.00 278.00 3,750.00 221.00 1,230.00 900.00 150.00 3,500.00 £18,244.50 |
Budget figures for optional, but usual, additional costs: |
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Curtains/Blinds Curtain Track Lamp Shades/Light Fittings Kitchen (bowl, bins etc) Towels New furniture Shelving Paint Bathroom Cabinets/ Mirrors Towel Rails/Toilet Roll Holders Rear garden planting etc. TOTALS |
480.00 150.00 280.00 50.00 100.00 600.00 60.00 150.00 130.00 80.00 1,800.00 £3,880.00 £19,129.50 |
590.00 180.00 300.00 50.00 100.00 800.00 60.00 150.00 130.00 80.00 2,200.00 £4,640.00 £22,884.50 |
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