When you’re ready to move house, consider the various costs involved.
This includes expenses that may catch you by surprise, especially if you’re a first-time buyer. Even if you’ve bought property before, it’s essential to refresh your knowledge of these costs.
To help you stay informed, here’s a concise list of the expenses associated with moving house
How Much Does a Removal Company Cost?
The likelihood is that when moving home you will need to use a removals company to help move furniture as not everyone has access to transport and vehicles equipped to move heavy furniture. The costs for removals varies depending on the service you choose.
Some people prefer to pack up their belongings themselves and the removal company will simply come to the previous address. safely load the belongings and then deliver them to the new address, This is usually the most cost-effective way.
Another option is for the removal company to offer a full packing up service and unpacking at the new address where they provide the materials, come to your home safely pack your belongings. They will then take them to the new address and unpack as required in the new home. This is more expensive due to the packaging and obviously increased time and number of removal persons required.
The cost of moving house from a removals point of view also varies dependent on the distance between the two addresses.
Do I Need Home buyers protection Insurance?
This is a cost that you will incur for any moving house transaction, the fees depend on the property price and the mortgage that you are taking. Find out more here or speak to one of our experts.
How Much Are Conveyancing Fees?
Conveyancing fees are incurred both for buying and selling property and are the fees that you will pay a solicitor for handling the legal side of the purchase and sale. These include bank transfer fees, any searches that are required, ID checks, land registry fees and stamp duty costs. Your solicitor will be able to provide you with a quite for the legal and conveyancing fees once you have agreed a sale and purchase price.
What Are Mortgage Fees and Why Do I Have to Pay Them?
Depending on the type of mortgage you obtain and who looks after this for you really determine these fees. Talk to one of our experts and we will be able to provide you impartial, honest advice to find you the best possible deals.
How Much is a Mortgage Valuation?
Some mortgage lenders will charge for a lender valuation. We can advise you on these costs and fees when you obtain a quote.
What is a RICS Homebuyer Report?
Lenders will require you to have a home buyers report done to ensure the property is worth the valuation given and also that it is structurally safe and they are not at-risk lending money against the property. Home buyers’ reports vary a lot dependent on how in depth you want the survey and also what is required by your lender. We can advise you on the level of report needed should you obtain a mortgage through us. For more advice on this speak to one of our experts.
Do I Need to Pay for Home Insurance When I Move House?
If you buy your home with a mortgage you must be able to prove that you have obtained home insurance. You can obtain different quotes online to ensure you get the best deal and cover for you and your family.
These are all factors to consider into the cost of moving house and it can be overwhelming. If you need any advice our friendly, professional team can help so please do not hesitate to contact us.
Disclaimer
UK Mortgage Centre Limited is an Appointed Representative of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm number 1019794.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
The Financial Conduct Authority does not regulate will writing and taxation and trust advice.
You may be charged a fee for your advice. A typical fee is £495, which would be payable when you receive your mortgage offer. Your dedicated advisor will discuss this further on your free initial phone call.
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