WE ARE THINKING OF UPSIZING IN WATFORD HOW MUCH WILL THE MOVE COST US?

Sat 05 Sep 2020

So you have decided it is time to upsize, but how much will the move cost you?

Below are some examples, but please note that some costs are approximate.

We have a 1 bed flat (leasehold) to sell for £265,000 and want to purchase a 2 bed terrace (freehold) for £369,000.

Conveyancing Fees (Purchase) (approx) – £600
Conveyancing Fees (Selling) (approx) – £655
Home Buyer Report (Survey) (approx) – £365
Removals (approx) – £330
Energy Performance Certificate (EPC) (approx) – £50
Estate Agents fee (1% +VAT) – £3180 (inc VAT)
Stamp Duty Land Tax – £8450
Total costs (approximate) – £13630

We are have a 2 bed flat (freehold) to sell for £299, 950 and want to purchase a 3 bed terrace (freehold) for £399,950.

Conveyancing Fees (Purchase) (approx) – £600
Conveyancing Fees (Selling) (approx) – £600
Home Buyer Report (Survey) (approx) – £374
Removals (approx) – £330
Energy Performance Certificate (EPC) (approx) – £50
Estate Agents fee (1%+VAT) – £3600
Stamp Duty Land Tax – £10000
Total costs (approximate) – £15554

We have a 3 bed terrace (freehold) to sell for £499, 950 and want to purchase a 4 bed semi (freehold) for £665,000.

Conveyancing Fees (Purchase) (approx) – £600
Conveyancing Fees (Selling) (approx) – £600
Home Buyer Report (Survey) (approx) – £455
Removals (approx) – £465
Energy Performance Certificate (EPC) (approx) – £50
Estate Agents fee (1%+VAT) – £6000
Stamp Duty Land Tax – £23200
Total costs (approximate) – £31370

There may also be additional costs to take into consideration including:-

Disbursements, which are the extra costs a solicitor will pass on to you at the end of the process and should be similar costs at all solicitors. These could include:-

Bankruptcy search – £2 – £4
Local authority searches – £100 – £200
Land registry office copies – £4 – £8
Environmental search – £30 – £35 plus VAT
Drainage search – £30 – £40 plus VAT
Local searches -£40 – £250
Telegraphic transfer fee – £25 – £45 plus VAT
Land registration fee – From £20 (for properties under £80,000) to £910 (for properties over £1,000,000)

Finally, there may be charges for extra searches for conveyancing, a more in-depth Building Survey and packing or storage.

If you are looking to buy or sell in the Watford area, please give us call on 01923 230302 TODAY!