Understanding House Moving Costs: What You Need To Know

Published: 22/02/2024

Picture the scene. You've worked your socks off, saved as much money as you possibly can, and now you have just enough to put down a deposit for your dream home in Wimbledon, based on the property price.

Then suddenly, you realise that moving house costs much more than you first thought.

The upfront costs can be incredibly demotivating when they hit you from out of the blue. But you can avoid this nasty shock by understanding what costs you will have to pay beforehand.

Here, Ellisons will provide you with an insight into all the moving costs that you need to be aware of.

House Moving Costs

The Legal Costs

First off, the legal stuff!

Aside from the actual cost of the house and the mortgage repayments, one of the first things to do is think about the legal fees, as they can have a significant impact on the cost of moving house.

Conveyancing companies and solicitors are those who focus on property. They will look at searches that will be needed, such as local authority searches, existing planning permissions and specific things such as mining reports and building regulations. They will also highlight other costs, such as the Land Registry fee, which comes in when the property is registered in your name. Many companies have almost instant conveyancing quotes on their website where you key in basic financial figures, and they'll tell you roughly how much it will cost in legal fees. However, at Ellisons we have an experienced conveyancing team including qualified solicitors who can deal efficiently with the legal and administrative side of your property sale.

By using our conveyancing expertise, you can reduce transaction time by two to three weeks. Plus, by preparing a Homefile Pack right at the beginning of the process, it allows us to be fully prepared and ready to go once a sale is agreed.

We combine good old fashioned knowhow with modern, caring customer service, using the very latest in Internet technology, to ensure a smooth legal process, plus we offer a ‘no sale, no fee’ service, to make sure you don’t lose out financially should the sale not go ahead.

Estate Agent Fees

If you're selling your house, then your estate agents' costs will need to be factored in. Fees will vary, and it's important to remember that the cheapest fee doesn't necessarily mean the best service! Call us on 020 8944 9494 to speak with us about our services. Our dedicated sales team have the experience, passion and ability to guide you through the process of selling your property with excellent communication, email confirmation of all viewings, weekly vendor updates and our capability to negotiate difficult situations. You have our full commitment from day one!

House Removal Costs

If you're lugging a lot of furniture from your old house to your new one, chances are that you will need a removal company to help you, even if you already live in the Wimbledon area.

The cost of this will vary because removal companies will calculate such things as how many bedrooms, the distance between properties, and whether specialist services are required. It could be as little as £400 to well over £1,000. We advise that you decide precisely what you need and then shop around to get quotes and see what the customer service is like. Have a look at online review sites, too, as these could give you an indication of how good a company is. At Ellisons we are well-respected and experienced house estate agents in Wimbledon, and we can also help our customers find the ideal removal company. Oh and don't forget about pesky storage costs if there is a gap between moving out of your current home and moving into your new house.

Stamp Duty

If you buy a property or land in England that's over a certain price (currently properties over £250,000), you have to pay Stamp Duty. How much you pay depends on several factors, but you should expect to pay a certain percentage of the value of the property as below:

Up to £250,000Zero
The next £675,000 (from £250,001 to £925,000)5%
The next £575,000 (from £925,001 to £1.5 million)10%
The remaining amount (above £1.5 million)12%

For example, if you are moving home and purchasing a £500,000 property, this would mean a Stamp Duty payable of £12,500. There are a number of websites that offer a Stamp Duty Calculator, and the Government website www.gov.uk will tell you what it's all about. If you need help, we can help you work out how much to 'set aside'.

Mortgage Costs

Most people will have to obtain a mortgage to buy a house. Rates and payments will vary depending on the lender, but there are a number of typical costs associated with a mortgage. Ellisons are pleased to be able to assist our clients in obtaining financial advice on mortgages, re-mortgages and buy to let mortgages from hundreds of banks and building societies. We work with industry specialists to compare quotes from hundreds of lending institutions, including most banks and building societies. It’s all part of the Ellisons service in making the sale and purchase of your property proceed smoothly! You can use our mortgage calculator here

Home Insurance

When you've completed, you'll quickly get the keys. It's an exciting time, and you'll have packed everything. The removal van will be ready, and you probably can't wait to get into your new home.

Something you need to do straight away, though, is the insurance. Once the property is yours, it needs to be insured.

You'll need building insurance to cover the bricks and mortar and contents insurance, too, as this will cover your belongings and possessions.

The cost of this will vary because no two properties are the same, and each purchase has a different property value, possessions, and other factors. So, the key is to do your research and get everything in place before the day, and then it's just a case of pressing the button.

Final Thoughts on Estate Agents Fees and Other House Moving Costs

As you can see, even when you get a great deal on your property compared to the average UK house price, there are still many other costs to consider, depending on your circumstances.

The good news is that we can help! For no-obligation advice on buying or selling a property in Wimbledon please contact our expert property team via email at wimbledon@ellisons.uk.com or call us on 020 8944 9494.

To arrange a valuation, click here. Alternatively, send us an email to wimbledon@ellisons.uk.com to arrange a call back at a time that suits you.

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Frequently Asked Questions About House Moving Costs

What factors influence house moving costs?

The distance of the move, the volume of belongings, and additional services like packing contribute to the overall cost.

Are there ways to reduce moving expenses?

Downsizing possessions, scheduling a mid-week move, and obtaining multiple quotes from moving companies can help cut costs.

Do moving companies provide insurance for belongings?

Yes, reputable moving companies typically offer various insurance options to protect belongings during the relocation.

Are there hidden costs associated with moving?

Some potential hidden costs include packing materials, additional fees for bulky items, and charges for delays or changes in the moving schedule. It is also worth checking whether your council tax band will change or if you need to pay ground rent when purchasing a flat.