Property Solicitor

Cost of moving home

The cost to moving home can eat its way into any profits that you have made on your old property. You need to consider the charges for all the surveys and removals as-well. If you're first time home buyer start saving a little extra above your initial deposit.

About a week before completion you will receive a completion statement setting out exactly how much is needed to complete your sale or purchase (including the amount needed to redeem your mortgage where necessary). Remember, you also have to pay the Bank/Building Society?s legal fees and, of course, V.A.T. The following lists most of the likely fees:

• Bank/Building Society?s valuation fee
• Your surveyor?s fee
• Bank arrangement fee for bridging loan or deposit guarantee premium
• Your conveyancer's fees
• Mortgage arrangement fee
• Bank/Building Society?s conveyancer?s fee
• Stamp duty on your purchase (currently 1 per cent. Of cost of property costing more than ?60,000); Land Registry fee
• Search fees
• Estate agents? commission (if you are selling)
• Removal fees
• Connection charges for gas, telephone, electricity

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