Cost of moving
Buying a Property
Deposit - Usually 10% to 25% of the purchase price, which is required by your solicitor(cleared funds) prior to exchange of contracts.
Valuation fee - The bank or building society arranging your mortgage will require a mortgage valuation. If you would prefer a homebuyers report or full structural survey then this can be arranged at an extra cost at the same time.
Legal fees - These fees may vary slightly depending on whether you are buying or selling a leasehold or a freehold property and if there is an unusual amount of legal work undertaken by a solicitor on your behalf. Hastings are happy to organise a free quotation for you.
Stamp duty - This is a government tax payable upon legal completion of your purchase. Property priced below £125,000 is exempt from this tax.
- 1% of purchase price if above £125,000
- 3% of purchase price if above £250,000
- 4% of purchase price if above £500,000
Selling your existing property
Estate agent fees - Being a Partner led company, without all of the overhead running costs of the huge corporate companies, hastings will always ensure that you receive the highest possible standards in terms of quality sales particulars, colour advertising, pro-active marketing and a level of service before, during and after sale that cannot be matched. hastings are proud to work on a no sale, no fee basis. You only pay us if we deliver. Discuss your fee arrangement with one of the partners when you are ready to go onto the housing market.
Legal Fees - Again these fees may vary. (see above)
HIPS (Home Information Packs) - The government insist that every property for sale must now have a home information pack prior to the property going to market for sale. Which hasting can arrange on your behalf and payment can be upfront or on a deferred basis nine months later if this is preferable to you.
[Please note that the above information is for general guidance only If you would like a more detailed breakdown please contact us on 0118 9431000]