"When people think about the cost of moving home, the focus is usually on house prices. In reality, it is the transaction itself that often carries the heaviest financial impact. Legal fees, taxes, removals, surveys, and overlapping costs can quickly add up, meaning the true cost of moving is often far higher than many homeowners anticipate. The core costs most movers expect"
"Most people budget for the obvious expenses involved in moving home. These are the costs that tend to be discussed upfront and are generally unavoidable in a standard transaction: Stamp Duty, which varies based on purchase price, buyer status, and current thresholds Legal and conveyancing fees for both the sale and purchase Estate agent fees, usually calculated as a percentage of the sale price Surveys and mortgage fees, including valuations, arrangement fees, and lender checks"
Moving incurs baseline costs such as stamp duty, legal and conveyancing fees, estate agent commissions, and surveys and mortgage fees. Timing delays and practical realities create additional expenses including overlapping mortgage or rent, council tax and utilities on two properties, and removal overruns or storage. Late survey findings can force repairs or price reductions, and stalled transactions can trigger repeated legal and administrative charges. These combined, often unplanned costs commonly exceed initial budgets. Costs vary by location and circumstance, so careful budgeting and contingency planning are essential.
Read at London Business News | Londonlovesbusiness.com
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