Cost of Moving House


The average cost of moving house in 2018 is currently £10,210.

This figure is calculated by several factors such as the average house price in the UK and all the service fees required for moving home. It certainly isn't going to be a cost you'll be paying straight away.

My Big Move has broken down every average cost you’re likely to pay when moving home. This covers the main areas of the house-moving process: buying, selling and moving house.
 
(This article is updated monthly to reflect the change in UK house prices)
 
Our average moving costs guide will detail the following sectors:
 
  • The Cost of Moving House in 2018
  • Buying a House - Average Costs and Fees
  • Selling a House - Average Costs and Fees
  • How My Big Move Can Help You Save More

The Cost of Moving House in 2018


Our helpful summary reveals the typical cost of moving house.
 
The fees listed below are based on the average house sold in the UK, which currently stands at £224,144 according to the most recent UK Property Price Index (March 2018).
 
Average Cost of Buying a House  
Mortgage Valuation £197
Property Surveyors £450
Conveyancing Fees £870
Stamp Duty £1800
TOTAL £3317

 

Average Cost of Selling a House  
Conveyancing Fees £600
EPC £90
Estate Agent Fees £5603
House Removals £600
TOTAL £6893
 
So right now, the total cost of buying, selling and moving home in 2018 is currently £10,210.
 
However, if you are a first-time buyer, you can wipe off the stamp duty. In the previous Autumn budget,  it was announced that all first-time buyers will pay no stamp duty on their home (up to the value of £300,000). As a first-time buyer, you would not be selling a house either but you would likely need a removals service. So overall, the total cost of moving home for a first-time buyer would be £2,117.
 
It should always be noted that many of these moving house fees can fluctuate depending on a variety of different factors: size of the house, value, location, bedrooms, the age of property etc. However, typical fees like an Energy Performance Certificate (EPC) are fixed.

Buying a House: Average Costs


Mortgage Valuation

How much will it cost for a valuation survey?

Whenever you are buying a property, your mortgage lender (bank) will require a simple house valuation. This is a mandatory requirement, as it demonstrates you are paying the right amount for your chosen property.
 
Some providers of this service will offer this small valuation for free, but others charge a fee representational of the home’s designated value.
 
Listed below is a good summary of what they are likely to charge, according to house value.
 
House Valuation Mortgage Valuation
Less than £75,000 £121
£75,000 - £100,000 £134
£100,000 - £150,000 £145
£150,000 - £200,000 £169
£200,000 - £250,000 £197
£250,000 - £300,000 £230
£300,000 - £400,000 £258
£400,000 - £500,000 £281
£500,000 - £600,000 £352
£600,000 - £700,000 £386
£700,000 - £800,000 £435
£800,000 - £900,000 £491
£900,000 - £1,000,000 £530


Property Surveyors 

Average Survey Costs

Most typical property surveyors will charge £250 – £600 for an evaluation, depending on which survey you take. Between this price range, there are four types of property surveys. All are regulated by the Royal Institute of Chartered Surveyors (RICS).
 
  • Condition Report: Often including a property valuation, this basic report provides a 3-point rating system to identify any problems with the chosen house.
  • Home Buyer Report (survey): This doesn’t usually include a property valuation. Instead, it analyses the condition and construction of the property. They will search for things like damp, mould etc., looking for any defects and maintenance issues.
  • Building Survey: Suitable for any type of property, a building survey one of the most comprehensive reports. It will provide you with a detailed evaluation and analysis, offering you suitable advice on any issues detailed. A property valuation is also attached.
  • Full Structural Survey: The most detailed survey you can get. Structural engineers will come to inspect all aspects of the property including its materials, roof build, foundation structure and wall interiors. Afterwards, you will receive a detailed structural report highlighting their findings. 

 

Type of House Survey Average Cost
Condition Report £250
Homebuyer's Report £400+
Building Survey £400 - £500
Structural Survey £600+
 

As you can see, house surveys are a good idea as they help bring up any notable problems with the property. Any such problems can then affect the value of the property, driving the asking price for you if you are buying.  

Surveys are not mandatory in the UK, apart from in Scotland. Here, a survey is legally required from the seller. This goes to show just how important they are.

There are many who believe that surveys should be mandatory across the rest of the UK, too, to save both parties from further moving fees.


Conveyancing (Buying) 

Solicitors Fees for Moving House
Conveyancers (solicitors you’ll hire when buying or selling a house) will charge you a set fee and a set of disbursements depending on what searches they have undertaken.
 
A conveyancer’s set fee usually depends on the property’s value. The general rule is: the higher the value, the higher the fixed fee.
 
Remember: be prepared to pay more for a leasehold property. This is due to the increase in paperwork required to fulfil the sale.
 
Our table below reveals what fees you can expect to pay when buying a property.
 
House Valuation Average Legal Fee Additional Fees
£100,000 £450 £260
£150,000 £480 £280
£200,000 £520 £300
£250,000 £530 £340
£300,000 £550 £350
£350,000 £585 £365
£400,000 £615 £375
£500,000 £620 £385
£600,000 £660 £500
£750,000 £750 £500
£900,000 £780 £500
£1,000,000 £800 £520
 

Stamp Duty

How much stamp duty will I pay on my property?

Stamp Duty Land Tax (SDLT) is a legal requirement across England, Northern Ireland and Wales. It must only be paid on a residential property worth over £125,000.
 
Your property solicitor will handle the payment made to HMRC. This must be made within 30 days of securing the contracts for the property.
 
The government recently announced in it's Autumn Budget that Stamp Duty would be abolished for first-time buyers (on a property valued up to £300,000). This means that if you are buying your first home, you will not have to worry about Stamp Duty unless your purchase is over £300,000.
 
Regarding how much SDLT you would pay, there are 5 tax bands which recognise the value of your property. These are listed below.
 
Property Value (£) Stamp Duty Due Amount Due
Up to £125,000 0% £0
£125,001 - £250,000 2% £0 - £2,500
£250,000 - £925,000 5% £2,500 - £36,250
£925,000 - £1,500,000 10% £36,250 - £93,750
£1,500,000 12% £93,750+
 
It is easy to get confused by the format of the tax band system. So, we'll use an example:
 
If you purchase an average UK house - priced at approx. £224,000 - you would pay the 2% tax on the amount between £125,000 and £224,000. So, in this case, the amount would be £99,000.
 
2% of £99,000 = £1,800
 
This is the stamp duty you pay on the average UK property. (If you are a first-time buyer, you will not need to pay this amount.)

Deposit

Average Deposit Percentage
Though not included in our average cost to buy a house (as it is part of the house value), this is something you clearly need to consider. How much you put down as a deposit will depend upon your own financial situation. It will also determine how much money you pay back on your mortgage.
 
Generally, deposits must be around 10% of the accepted offer for a house. So, if we take the average house price in the UK (£224,144), then you would be paying an average of £22,414 for your deposit.
 
The higher the deposit, the less you’ll be paying each month on your mortgage!

Selling a House: Average Costs


Estate Agents

Average Estate Agent Fees
What’s the first thing people think of when selling a house? Usually, the estate agent.
 
This doesn’t necessarily translate into thoughts about dealing with them, but rather how much percentage they’re going to take of the final selling fee!
 
You’ll find that estate fees can range from around 1% to 3.5%. You will usually be quoted the fee +VAT (20%), so keep that in mind.
 
A good thing to remember is that online estate agents are usually much, much cheaper. They can charge fixed fees instead of percentages.

Conveyancing (Selling)

Average Conveyancing Fees When Selling Your Home
When selling your home, conveyancers generally have less work to do. There are no necessary searches to undertake or any land registrations to complete. It’s mainly dealing with the contracts and making sure that you understand the details. There is only one additional fee: the bank transfer.
 
Online conveyancers share a similarity with online estate agents, in that they often charge a cheaper fixed fee. However, any firm in this industry that works solely online is not necessarily the best option, even if they cost less money! They might operate with fewer costs and can, therefore, charge lower rates, but it’s likely they’ll have fewer means of communication, too!
 
It's recommended that you use the same conveyancer to sell your house as the one when you use to buy your next home. It’ll be much easier to negotiate fees! 
 
Thankfully, our table below shows the average fees you can expect to pay a conveyancer when selling your home.
 
House Valuation Legal Fee Add. Fee(s) VAT Total
£100,000 £410 £30 £85 £535
£150,000 £420 £30 £95 £555
£200,000 £450 £30 £100 £580
£250,000 £470 £30 £100 £600
£300,000 £485 £30 £105 £620
£350,000 £525 £30 £105 £660
£400,000 £575 £30 £110 £715
£500,000 £625 £30 £115 £770
£600,000 £650 £30 £115 £795
£750,000 £680 £30 £120 £830
£900,000 £720 £30 £125 £875
£1,000,000 £750 £30 £130 £910

Source: Conveyancing Calculator


House Removals

The Cost of Removal Companies
Removal services can charge anywhere from £400 to over £1000 for a house removal.
 
These furniture movers charge very dependant fees. It takes into account the property’s bedrooms, the amount of furniture, packaging, specialist items and distance travelled (if it isn’t local, these fees can get even more complex!). 
 
So, whilst these removal prices can fluctuate, My Big Move thought we’d let you know the average cost of removals companies in the table below.
 
No. of Bedrooms Avg. Fee Packaging Total
1 Bedroom £400 £150 £550
2 Bedroom £500 £200 £700
3 Bedroom £600 £250 £850
4 Bedroom £700 £300 £1000
 
In 2018, the average house in the UK costs approx. £224,000 and holds 3 bedrooms.
 
The average removals fee is £600.


Save Money on the Cost of Your House Move!


As you can tell by this article, there are several areas you need to consider when thinking about the cost of moving home.
 
Thankfully, My Big Move can help simplify each stage of the house move by providing you with a free quote comparison service.
 
We compare moving house quotes, from Mortgage Brokers, Surveyors, Conveyancers and Removal Companies.
 
We help you find the best deal from the most suitable provider.
 
Save money, save time and find the best with My Big Move!