Moving house – a countdown to move day

Moving house – a countdown to move day

Moving house is really exciting, but it can also be quite a stressful experience if you’re not prepared.

We’ve put together a list of things you need to do before the big day arrives! Tick these off and you should be all set for a smooth move:

  • Cancel or move existing bills/contracts
  • Redirect your mail
  • Arrange removals and pack
  • Let people know!
  • Get your new home ready

Cancel or move existing bills/contracts

You’ll have a handful of bills attached to the house you’re leaving and you’ll need to get these settled or moved to your new property to make sure you don’t pay for a service you aren’t using. You may need to cancel/move:

  • Utility bills (gas, electricity and water)
  • Landline, TV and internet bills
  • Council Tax
  • Any insurances on the house
  • TV Licence

You’ll need to bear in mind that some companies may charge admin fees if you change your details and your Council Tax could increase or decrease if you move into a different tax band area.

Redirect your mail

If you haven’t arranged for all of your bills, statements, subscriptions and letters to be sent to your new address, you may want to take advantage of Royal Mail’s post forwarding service.

This service will redirect your mail to any UK or overseas address for 3, 6 or 12 months from just £33.99 for each different surname. This may be ideal if you regularly receive mail, so your post reaches you sooner.

Arrange removals and pack

If you are not moving your possessions yourself, you may want to book a removal firm and get them ready to help you move. Do this in advance and take the worry away when moving day comes around. You may also want to book the day off for moving house, so check with your employer if you can!

To get ready for moving day, pack away the things you don’t need first and label the boxes so they are easier to unpack. You may be wise to disassemble large furniture in advance and have it ready downstairs so it can be moved easier. Be sure to take care of delicate items – plenty of bubble wrap may be needed!

Let people know!

Certain people will want to know you have moved house as they will need to update their records. These can include your:

  • Doctor
  • Dentist
  • Vet
  • Bank
  • Employer
  • School

If you have a good relationship with the neighbours you are leaving behind, it may be a good idea to let them know where you are moving to, so they can keep an eye on whether anything is delivered to your old address once you’ve left.

Get your new home ready

There’s nothing worse than getting to your new home and finding it’s dirty but you can be prepared for this. Before you unpack, clean your cupboards out and wipe down surfaces, so your nicely-packed cutlery, crockery and cookware is ready to store away.

Lastly, for a happy moving day take the kettle to your new home on the first trip. There may be plenty of tea and coffee drunk throughout your moving day!

Thinking of moving? Get ready now! Speak to Clever Mortgages now to discuss your mortgage and protection needs – Enquire.

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The cost of moving house

Although your mortgage is likely your biggest expense when buying a house, there are other costs that you’ll need to consider. Some of these you might not be aware of, so we’ve provided a list of the additional costs to expect.

The cost of moving house

Although your mortgage is likely your biggest expense when buying a house, there are other costs that you’ll need to consider. Some of these you might not be aware of, so we’ve provided a list of the additional costs to expect. This will help to avoid any nasty surprises down the line and allow you to budget for these charges.

1. Mortgage fees

On top of the interest you pay, there are also mortgage fees you’ll need to make to your lender. This is the cost for securing and setting up your mortgage, known as a booking and arrangement fee. Before taking out a mortgage you should look at these fees and make sure you can afford them.

Booking fee

A booking fee – also known as an application or reservation fee – is a charge to your lender made to secure your mortgage deal. This charge is non-refundable and you’ll need to pay it upfront when you’ve made your application.

The cost of this is likely to be between £100-£200.

Arrangement fee

The biggest mortgage fee you will have to pay is the arrangement fee. This is the cost of the lender setting up your mortgage. You will usually be given the option to pay this amount in full or to add it onto your mortgage.

This cost can vary but on average, this is somewhere in the region of £1,000-£2,000.

2. Valuation fee

A mortgage valuation is a requirement of the lender to allow them to check whether the property is safe to lend on. They will want to make sure that if you default on the mortgage, they will be able to repossess the property in order to get back any money lost.

On average, valuations cost around £300 – £400 and you will be expected to pay this upfront.

3. Survey fee

A survey is a more thorough version of the valuation and can help you to confirm that the property’s condition is as you expect. Although surveys are optional, they are strongly advised. This is because if you choose not to get a survey and it turns out that there is something wrong with the property, then you won’t have any protection.

You will usually have a survey done when mortgage offer is in place but before the exchange of contracts. It can sometimes be worth asking your lender how much it will cost to upgrade the valuation to a full survey, in theory making the process cheaper.

You will be looking to pay around £400-£700 for a survey depending which type you choose.

4. Legal fees

You will need a solicitor or licensed conveyor to carry out the legal work associated with buying your new home. This is to take care of the conveyancing (the transfer of home ownership) as well as checking paperwork and carrying out legal searches. You can choose your own solicitor but this will need to be agreed on by the lender. These fees will usually need to be paid in instalments through the buying process.

The cost of a solicitor will usually cost in the region of £1,000 – £1,500. However, this could be a lot more depending on the value of your property.

5. Stamp duty

Stamp duty land tax (SDLT) is the tax that you pay to the government for buying a property in the UK which has a value of more than £125,000. The percentage of tax you pay depends on the property value. You will only pay stamp duty on that portion of the purchase price.

Purchase price Stamp duty rate
Up to £125,000 Zero
£125,000.01 to £250,000 2%
£250,000.01 to £925,000 5%
£925,000.01 to £1,500,000 10%
£1,500,000.01+ 12%

Although it’s your responsibility to pay the stamp duty tax, your solicitor will likely organise this payment for you.

6. Land registry fee

The Land Registry charges a fee to register your property in your name. The fee calculator on the Land Registry website can help you to work out exactly how much you will pay for this. Again, your solicitor will usually help to arrange this payment on your behalf.

This fee is dependent on the value of your property but is likely to be somewhere between £200 to £500.

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