Brits spend over £30,000 on conveyancing in their lifetime
The average UK resident spends £8,264 in fees each time they move house, according to research from reallymoving.com.
With people moving house, on average, four times in their lifetime, this takes the total cost to £33,056.
Costs include estate agent fees, Stamp Duty Tax and conveyancing charges which, based on the average property value of £228,000, come in at £4104, £2280 and £805 respectively.
Londoners, however, pay 2.5 times the national average due to significantly higher house prices.
Rosemary Rogers is the Director of reallymoving.com:
“Taking a chunk of equity out of your sale to cover the costs of a move is no longer a viable option for many sellers who need to keep hold of their existing equity in order to secure the best possible mortgage rate on their new home. As a result, buyers are more prepared to negotiate hard with estate agents over fees and shop around for the best conveyancing and removal quotes to keep costs as low as possible.”
Goldsmith Williams is a qualified property solicitor with over 25 years of conveyancing experience. Our conveyancing fees start at just £399^ and our combined sale and purchase deal allows you save up to £198.
^Excluding VAT and disbursements (e.g. Stamp Duty Tax)
Content correct at time of publication