Part 1: Moving House? Consider the Costs and Save Money on Your Move

Moving house is consistently regarded as one of life’s major milestones, often wrought with worry and angst. It’s a substantial undertaking, so the scope of packing up and changing locations is itself intimidating for UK families, preparing for a big change.

Transferring property and arranging transport for personal possessions are only two of the many details to account for when moving house; there may also be employment and logistics issues, timing concerns, and other obstacles to overcome. The process naturally becomes overwhelming, at times, and if it isn’t already challenging enough to orchestrate a smooth move, you must also consider the high price of moving house and do your best to make cost-effective moving decisions.

If moving house is on your personal horizon, advanced planning and organisation can help ease worries and keep moving expenses as low as possible. Accounting for these common costs of moving house prepares you to execute a seamless transition.


Hiring a solicitor to act on your behalf has advantages, but the service can come with a price tag of £1,000 or more. Local searches may also be recommended, which adds a few hundred pounds on top the cost of conveyance. If you’re moving from a house you own into another you’ll purchase, it may be possible to contract better pricing handling all your needs with the same solicitor.

For incidental expenses, short-term funding is available online, serving good and bad credit applicants who need extra cash at moving time. Approved loans are funded quickly and can be repaid on payday.

The Solicitors Regulation Authority provides a worthy stamp of approval, which can aid the search for a reputable solicitor to administer your house deals. And if friends or family members have recently sold property, their recommendations may also be of use, acquiring representation.

Estate Agents

You can expect to pay 1-3 per cent of the selling price of a home for agent fees. There is room to negotiate, so don’t hesitate trying for the best deal. If you’re industrious, it’s possible to advertise your house through independent channels, but adding another daunting task while moving house shouldn’t be taken lightly. Not only will you spend time preparing adverts, but you’ll also be responsible to arrange and conduct showings.

Stamp Duty Tax

When land and property changes hands, ownership documentation and other paperwork accounts for the transaction and identifies the new owners. There is a fee for executing the changes, called Stamp Duty Land Tax (SDLT), applying to many UK transactions. The higher a home’s sale price, the more tax is paid, and there is currently an exemption, up to a particular price threshold, requiring no tax at all to be paid.

Houses selling for up to £125,000 aren’t presently subject to stamp duty, but the portion of a home’s value that exceeds the exemption threshold is taxed. A graduated scale determines the percentage paid in each value tier, so house values between £125,000 and £250,000 are subject to a stamp duty tax of 2 per cent. The next tier, a house’s value falling between £250,000 and £925,000 is taxed at a stamp duty rate of 5 per cent. The per cent paid rises proportionally with a home’s price, with houses worth over £1.5 million held to a stamp duty rate of 12 per cent.

Families moving house encounter wide-ranging expenses, which can make the process even more stressful than it already is. Part One of Moving House? highlights a few of the fundamental costs associated with a move and suggests savings, where possible. Please look forward to Part Two, which continues exploring the customary costs of moving house and preparing you for an affordable, trouble-free transition.

Paul graduated in 2001 with a degree in Finance. Since then he has gone on to work for several of the UK's most well-known financial institutions.

An avid blogger and a huge football fan, Paul is here to guide you through the ins and outs of personal finance and perhaps save you some money in the process!

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