Sales

 

Costing your move...

It’s always important to consider the upfront costs associated with your move.

 

Deposit

On average, you will need 5-20% of the purchase price.

Land Transaction Tax

Government tax paid on homes over a threshold. Visit to find out the costs: https://lttcalculator.wra.gov.wales

Valuation Fee

When buying, a lender will need to assess the value of the property to allow them to decide how much to lend you.

Legal Fees

Consider the costs for a solicitor or licensed conveyancer to complete the legal work associated with buying and selling your home.

Electronic Transfer Fee

The cost for your lender to transfer the mortgage money to the solicitor.

EPC fee

An Energy Performance Certificate must be provided to show to potential buyers (we will arrange this for you).

Agent's Fee

If you are selling you will pay for estate agent’s services which will be negotiated between you and them.

Moving Costs

Consider the cost of hiring a van/ removal service (if necessary).

 

 HRT Estate agent fees and costs

 

Stamp Duty Costs

We know that planning for all costs is a vital part to the selling and buying process. That is why we have listed explained stamp duty costs to make it easier for you to organise everything you need to sell your home.

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland. Costs of this can be found below.

The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.

Property or Lease Premium or Transfer Value Stamp Duty Land Tax Rate

Up to £125,000

0%

The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

Source: HMRC

You can also find a stamp duty calculator here

Example of stamp duty costs

If you buy a house for £275,000, the SDLT you owe is calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250
  • Total SDLT = £3,750

 


How much is your home worth?

We are achieving record prices in your postcode area...
Book a free property valuation and we will make sure it is at a time to suit you and most importantly an accurate market value. Getting an update on your property's value or rental potential can help you make better informed long-term decisions.

Interested?


arrow_upward