Costing your move in Wales
Whether you are buying, selling or doing both, it is important to understand the likely costs before you commit to a move. Some costs are fixed, some depend on the value of the property, and others vary depending on your lender, solicitor, surveyor, removal company and personal circumstances.
The figures on this page should be used as a budgeting guide only. Tax rules, lender fees and professional charges change, so always check the latest position with your solicitor, conveyancer, mortgage adviser or tax adviser before making financial decisions.
Costs to consider when buying a property in Wales
Deposit and mortgage arrangements, including any lender fees, valuation fees or broker fees
Solicitor or conveyancer fees, plus searches, Land Registry fees and other disbursements
Anti-money laundering checks, which may be required by estate agents, solicitors, conveyancers or other professionals involved in the transaction
Property survey costs, which will depend on the type, age, condition and value of the property
Land Transaction Tax, which applies to property purchases in Wales instead of Stamp Duty Land Tax
Buildings insurance, removals, storage, mail redirection and the practical costs of setting up your new home
Land Transaction
Tax in Wales
It is easy to underestimate the practical costs of moving. Depending on your circumstances, you may need to budget for removal companies, packing materials, storage, cleaning, locksmiths, utility setup, broadband installation, mail redirection, temporary accommodation, new furniture or small works soon after completion.
Costs to consider when selling a property
Estate agency fees, including VAT, based on the service and fee structure agreed when you instruct your agent
Solicitor or conveyancer fees for dealing with the sale
Anti-money laundering checks for sellers, which may be required before the property can be marketed or before the transaction can progress
An Energy Performance Certificate if your existing EPC is missing or has expired and floorplan
Possible mortgage exit fees, early repayment charges or administration fees if you are redeeming or changing your mortgage
Preparation costs such as small repairs, cleaning, garden work, decluttering or professional presentation before photography and viewings
Moving and settling-in costs
It is easy to underestimate the practical costs of moving. Depending on your circumstances, you may need to budget for removal companies, packing materials, storage, cleaning, locksmiths, utility setup, broadband installation, mail redirection, temporary accommodation, new furniture or small works soon after completion.
How Herbert R Thomas can help you plan
Herbert R Thomas can help you understand the likely selling costs, explain our estate agency fees clearly and guide you on the practical steps that may affect your budget. If you are buying as well as selling, we can also help you think through timing, chain position, marketing strategy and the likely steps between offer, exchange and completion.
For a clearer estimate of your own move, speak to your local Herbert R Thomas office and ask your solicitor, conveyancer or mortgage adviser for costs based on your specific circumstances, including any anti-money laundering check fees that may apply.
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