Helping UK new home buyers
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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.
The figures shown below 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.
Selling at: Buying at: |
£180,000 £249,000 |
£220,000 £275,000 |
Estate Agents fees @2.5%t Energy Performance Cert. Solicitor Fees Selling Solicitor Fees Purchase Search Fee Other costs Land Registry Stamp Duty (2015 rates) Mortgage Valuation Survey Mortgage Arrangement Fee Removal Costs TV Aerial Installation. Carpets Sub Total |
5,287 50 580 854 115 154 278 2,480 221 1,230 850 150 3,000 £15,249 |
6,462 50 580 854 115 154 278 3,750 221 1,230 900 150 3,500 £18,244 |
Budget figures for optional, but usual, additional costs: |
||
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 |
480 150 280 50 100 600 60 150 130 80 1,800 £3,880 £19,129 |
590 180 300 50 100 800 60 150 130 80 2,200 £4,640 £22,884 |
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