What costs are there? Moving house...

[Pulse]

So we're looking at moving from our 2 bed to a 4 bed... What costs are involved?

Selling fees on our place - 1% I assume from an estate agent
Stamp duty on the new place
HIP pack for our place

What else?

[herbialfa]

I think the general amount is 10-12K

[Pulse]

Thanks Tonker Some costs we hadn't thought of! It's a lot of money to move...

[Pulse]

herbialfa said:

I think the general amount is 10-12K

Worked it out to be around £7500, which is still a hefty amount! Hadn't realised it was so much.

[davepen]

Pulse said:

herbialfa said:

I think the general amount is 10-12K

Worked it out to be around £7500.

I gets worse, Stamp Duty is 3% above £250K (and 4% at 500K), so assuming your 4 bed is above 250K you'll be paying £7500 just in stamp duty; don't you just love fiscal drag.

[SJobson]

Agent's fees at 1%? Good going, I'd be happy to get them down to 1.25% and that depends on area. Bear in mind it's plus VAT, which might well be back to 17.5% (or 20%) by the time the sale completes.

[Pulse]

davepen said:

Pulse said:

herbialfa said:

I think the general amount is 10-12K

Worked it out to be around £7500.

I gets worse, Stamp Duty is 3% above £250K (and 4% at 500K), so assuming your 4 bed is above 250K you'll be paying £7500 just in stamp duty; don't you just love fiscal drag.

Nope, it's £200k, although that's irrelevant now, as I hadn't worked things out right, and it doesn't look like we can afford both the fees AND the 10% deposit they want, even if I sell the car.

[Pulse]

SJobson said:

Agent's fees at 1%? Good going, I'd be happy to get them down to 1.25% and that depends on area. Bear in mind it's plus VAT, which might well be back to 17.5% (or 20%) by the time the sale completes.

I thought that was pretty much the standard.

[SJobson]

Pulse said:

SJobson said:

Agent's fees at 1%? Good going, I'd be happy to get them down to 1.25% and that depends on area. Bear in mind it's plus VAT, which might well be back to 17.5% (or 20%) by the time the sale completes.

I thought that was pretty much the standard.

In my experience (Herts and Warwickshire) they start at 1.5% or more and you can probably get them down to 1.25%. I've heard plenty of people tell me they're paying 2% though. 1% is unusual.

[Pulse]

SJobson said:

Pulse said:

SJobson said:

Agent's fees at 1%? Good going, I'd be happy to get them down to 1.25% and that depends on area. Bear in mind it's plus VAT, which might well be back to 17.5% (or 20%) by the time the sale completes.

I thought that was pretty much the standard.

In my experience (Herts and Warwickshire) they start at 1.5% or more and you can probably get them down to 1.25%. I've heard plenty of people tell me they're paying 2% though. 1% is unusual.

There is the other alternative of paying £800 flat rate. Just means paying £400 up front though.

[Soir]

Currently selling my house. Agents offered 1% - managed to get fixed price of £950 + vat which works out at just under 0.6% of selling price (sold within few weeks, fingers crossed going through soon)

[Dave_ST220]

Here is the full list from our recent move.......


Sale:-
Agent-£2171.20(actually sold to someone who knocked on the door,the agent was fookin useless, home made sign if we ever move again!)
Legal costs £453.50

Purchase:-
Legal & HMLR fee-£768.75
SDLT-£2500

TOTAL £5893.45

Then you have things like moving fees & phone line provision if it's a new build, we hired a Luton & moved in less than a day easily, nowt got bust, if you are moving a short distance and have handy family members i woudl always DIY.

[Dave_ST220]

davepen said:

Pulse said:

herbialfa said:

I think the general amount is 10-12K

Worked it out to be around £7500.

I gets worse, Stamp Duty is 3% above £250K (and 4% at 500K), so assuming your 4 bed is above 250K you'll be paying £7500 just in stamp duty; don't you just love fiscal drag.

It would need to be £250K and a penny IIRC What a stupid system.......

[Pulse]

Dave_ST220 said:

Here is the full list from our recent move.......


Sale:-
Agent-£2171.20(actually sold to someone who knocked on the door,the agent was fookin useless, home made sign if we ever move again!)
Legal costs £453.50

Purchase:-
Legal & HMLR fee-£768.75
SDLT-£2500

TOTAL £5893.45

Then you have things like moving fees & phone line provision if it's a new build, we hired a Luton & moved in less than a day easily, nowt got bust, if you are moving a short distance and have handy family members i woudl always DIY.

HMLR?
SDLT?
Seems cheap for all in £5800! Best we could get it down to was £7000. Also, your legal costs seem extremely cheap when you were selling AND buying... What company was that?

As for the move, the house is about 20 metres away.

[SJobson]

Pulse said:

Dave_ST220 said:

Here is the full list from our recent move.......


Sale:-
Agent-£2171.20(actually sold to someone who knocked on the door,the agent was fookin useless, home made sign if we ever move again!)
Legal costs £453.50

Purchase:-
Legal & HMLR fee-£768.75
SDLT-£2500

TOTAL £5893.45

Then you have things like moving fees & phone line provision if it's a new build, we hired a Luton & moved in less than a day easily, nowt got bust, if you are moving a short distance and have handy family members i woudl always DIY.

HMLR?
SDLT?
Seems cheap for all in £5800! Best we could get it down to was £7000. Also, your legal costs seem extremely cheap when you were selling AND buying... What company was that?

As for the move, the house is about 20 metres away.

HMLR is Land Registry. SDLT is stamp duty land tax. Think his purchase legal costs are included in the Legal & HMLR fee, so not £453.50 for both selling and buying.

Also, no HIP, no additional searches on the purchase, no CHAPS fees, all of which I'd budget for, even if they are not required in the event.

[scenario8]

Dave_ST220 said:

davepen said:

Pulse said:

herbialfa said:

I think the general amount is 10-12K

Worked it out to be around £7500.

I gets worse, Stamp Duty is 3% above £250K (and 4% at 500K), so assuming your 4 bed is above 250K you'll be paying £7500 just in stamp duty; don't you just love fiscal drag.

It would need to be £250K and a penny IIRC What a stupid system.......

But very very easy to calculate and enforce.

[wiggy001]

From our recent move:

HIP: £150
Solicitor: £3630 (inc £2500 stamp duty and £120 insurance again aborted sale/purchase)
Mortgage lender fees: £799
Royal Mail redirection: £7.65 per month
2 month's storage (we didn;t move straight in): £200
Deposit (10%): 25000
2 days van hire: £90

[Pulse]

wiggy001 said:

From our recent move:

HIP: £150
Solicitor: £3630 (inc £2500 stamp duty and £120 insurance again aborted sale/purchase)
Mortgage lender fees: £799
Royal Mail redirection: £7.65 per month
2 month's storage (we didn;t move straight in): £200
Deposit (10%): 25000
2 days van hire: £90

Where did you get a HIP for £150?

[wiggy001]

hips4u.com, although looking now they seem to have gone up slightly (this was on a 1 bed house)

[Dave_ST220]

SJobson said:

Pulse said:

Dave_ST220 said:

Here is the full list from our recent move.......


Sale:-
Agent-£2171.20(actually sold to someone who knocked on the door,the agent was fookin useless, home made sign if we ever move again!)
Legal costs £453.50

Purchase:-
Legal & HMLR fee-£768.75
SDLT-£2500

TOTAL £5893.45

Then you have things like moving fees & phone line provision if it's a new build, we hired a Luton & moved in less than a day easily, nowt got bust, if you are moving a short distance and have handy family members i woudl always DIY.

HMLR?
SDLT?
Seems cheap for all in £5800! Best we could get it down to was £7000. Also, your legal costs seem extremely cheap when you were selling AND buying... What company was that?

As for the move, the house is about 20 metres away.

HMLR is Land Registry. SDLT is stamp duty land tax. Think his purchase legal costs are included in the Legal & HMLR fee, so not £453.50 for both selling and buying.

Also, no HIP, no additional searches on the purchase, no CHAPS fees, all of which I'd budget for, even if they are not required in the event.

ALL fees on purchase were covered, i just put it as "legal". That was all CHAPS payments too, the only thing i missed was the HIPs which was around £160 IIRC from here :-

http://www.myhiphome.co.uk/

Company was small independant recommended to me