Cost of selling a house calculator

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the cost of selling a house in london

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Cost of Selling a House Calculator – UK

Cost of Selling a House Calculator – UK

How to use our cost of selling a house calculator

Step 1: Find the sale price of your property

Step 2: Find the length of time you have owned the property for

Step 3: Find the costs of calculating any improvements

Step 4: Find the buying costs associated with the house

Step 5: Selling costs associated with a house

What are the costs of selling a house?

When selling a house, there are several costs to consider. To work out an estimate of your total selling costs, you should take into account estate agent fees, EPC costs, conveyancing fees, and potential mortgage porting costs.

Estate agent fees 

Estate agent fees typically range from 1% to 3% of the final sale price, plus VAT.

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For example, if your house sells for £250,000 and the estate agent charges a 1.5% fee, you would pay £3,750 plus VAT, which equates to £4,500 in total. Some estate agents may offer fixed-fee packages, which can start from around £999.

EPC costs

An Energy Performance Certificate (EPC) is required when selling a property in the UK. The cost of an EPC ranges from £60 to £120, depending on factors such as the size and location of your property. It’s important to have a valid EPC, as it provides potential buyers with information about the energy efficiency of your home.

Conveyancing fees 

Conveyancing fees cover the legal aspects of selling your property. These fees can vary significantly depending on the complexity of the sale and the solicitor you choose. On average, conveyancing fees range from £500 to £1,500 plus VAT. Some solicitors may also charge additional fees for services such as bank transfers and ID checks. 

Mortgage porting costs

f you have an existing mortgage and want to transfer it to your new property, you may incur mortgage porting costs. These costs can include valuation fees, arrangement fees, and legal fees. The specific costs will depend on your lender and the terms of your mortgage. As a rough estimate, mortgage porting costs can range from £500 to £2,000.

It’s essential to factor in all these costs when planning to sell your house. By understanding the various expenses involved, you can better prepare for the selling process and make informed decisions about pricing and budgeting.

 

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