When moving home in Wolverhampton, there are several costs you should be aware of, and your mortgage advisor in Wolverhampton will guide you through them. Here’s a brief summary of these costs:
Estate Agent Fees: When selling your property, you’ll need to pay estate agent fees, typically calculated as a percentage of the final selling price.
Conveyancing/Solicitor Fees: Before purchasing a new property, it’s advisable to conduct a survey to assess its condition. Survey costs vary based on the level of detail and comprehensiveness you opt for.
Stamp Duty Land Tax: If the price of the new property exceeds a specific threshold, Stamp Duty Land Tax may apply. The amount depends on the property’s value and your individual circumstances.
Mortgage Arrangement Fees: Some mortgage deals may include arrangement fees, which should be taken into consideration when securing a mortgage for the new property.
Removal Costs: Hiring a professional removal company to transport your belongings to the new property will incur expenses.