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Moving house is no easy feat and it can come with a hefty price tag considering the list of expenses associated with moving, on top of that hefty deposit you just paid. However, if you are considering moving, how much extra cash will you need? And what will this cover? Read on to find out:

Stamp Duty
This cost all depends on how much the property you are looking to purchase is worth. So, for example, theaverage price of a property in the UK amounts to£216,674 and therefore the Stamp Duty incurred is £1,780. This is a cost that is usually included within the solicitor’s fee and must be paid 30 days after you have purchased the property.

Up to £600 for a home survey
There are three types of survey available for those purchasing a new property and they are pretty essential as they can uncover issues that need to be fixed around the house, which in turn could reduce the price of the property for you or deter you from purchasing it and ending up in the red later. However, they can be costly with a simple home condition survey setting you back around £250, a HomeBuyer’s report costing up to £400 and a fully comprehensive buildings or structural survey costing up to £600.
£200-£300 for local searches
This extra cost is charged by conveyancers who will do searches to ensure there are no plans for the local area that may affect your property or problems. This could discover something that may bring your house value down in the future and is an important part of their service.
£40-£50 for an electronic transfer fee
This cost covers your lender for transferring the mortgage money to the solicitor. It’s to cover them should anything go wrong but can feel quite frustrating when everything is done at a click of button these days!
£150-£1,500 for a valuation fee
This fee is incurred by your lender and covers them assessing the value of the property you wish to purchase to determine how much they should lend you. This isn’t always a necessary fee, but it’s best to keep some money aside just in case.
£20 for a takeaway
You’re going to be hungry once all those boxes are stacked in the living room, so save some spare cash and treat yourself to something yummy!

Some quick tips on saving money when moving house:
  • Always seek out free financial advice. Some estate agents offer excellent free financial advisors who can discuss your options or pop into your bank to discuss your mortgage.
  • Instead of purchasing boxes ask friends and family to save any packaging boxes they have delivered or ask your local supermarket if they have any you can take.
  • Ditch the removal service and hire a van to do it yourself. Use towels, bedding and table linen to wrap fragile items – this can save you lots of money compared to buying rolls of bubble