Moving house can be more expensive than you think, with both upfront and ongoing costs that need to be budgeted and accounted for. Whilst you might be aware of the major costs – such as the price of the house itself, if you’re thinking of moving home soon, you may find it useful to read through our three-part guide to the extra costs you can expect to incur during your move, including solicitors and surveyor’s fees, stamp duty and moving expenses. This is the second part of our guide to the cost of moving home, covering more of the upfront expenses you should expect to pay when moving to your new home. If you missed part one you can find it here.

5. Land Registry Fees: £40 – £910

Your property must be registered with the Government’s Land Registry department. This incurs a fee of £40-£910, depending on the size and value of the property

6. Surveys: From £300 – £500+

Not everyone chooses to have a survey before they buy, but it is advisable if you want to ensure that you are making a sound investment.

Surveys vary in accordance with the age of the property. The older it is, the more important it is to get a detailed survey so that you know that it is structurally sound and not prone to any potential problems such as damp.

For new or well-maintained properties, a condition report is advisable. These usually cost about £300. If your new home is quite modern – or a modernised older property, then a homebuyer report is probably a better option for you. These are more thorough than a condition report and prices for these generally start at £350. If you’re buying a wreck that needs a lot of repairs or gutting and rebuilding  then it’s best to get a building survey, this is the most detailed option and will let you see exactly what you are dealing with and what you need to do if you decide to go ahead. Building surveys cost from £500 up.

7. Stamp Duty: From 0% – 12%

Stamp duty is a land tax, charged on purchases of houses, flats, land and buildings in England and Northern Ireland. There are similar taxes in place on property sales in Scotland and Wales.

The amount of stamp duty payable varies depending on the price of the property.

Properties costing less than £125,000 are exempt from stamp duty and if you are a first-time buyer, the first £300,000 of the property’s value is exempt from stamp duty – unless the home is worth more than £500,000.

For example, on a property costing £195,000 you would not pay any tax on the first £125,000 and 2% on the remaining £70,000, meaning that you would pay a total of £1,400.

Stamp Duty bands for England and Northern Ireland

Property price Stamp duty rate
£0 – £125,000 0%
£125,001 – £250,000 2%
£250,001 – £925,000 5%
£925,001 – £1,500,000 10%
£1,500,001 and over 12%

8. Other factors

Depending on where you are moving from and what you are moving into you may need to budget for new furniture or redecorating your home.

Check to see if there there are built-in appliances in your new kitchen and if so, make sure they are included in the sale contract. Also check to see what else the vendor might be planning on taking with them, such as sheds or greenhouses. Some sellers have been known to strip carpets and even take the light bulbs and electrical fittings so make sure you have a clear idea of what will be there when you move in and what you might need to buy.

9. Removals and storage

Last but not least you’re going to need to move your stuff to your new home – and you might need to store some of it too. How much does this cost? Why not get in touch with us for a free, no obligation quote either via our quick quote service, or our more detailed online estimation service. If you’d prefer to chat face to face, rather than filling in a form then give us a call instead on 01308 423939 and we can take it from there.