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How Much Does Moving Home Cost in Leicester?

One of the most frequently asked questions we are asked by homeowners who are looking at moving home in Leicester, is how much will the process cost overall.

In order to answer this, we have put together a full list of the fees you can expect to pay as a homeowner moving home in Leicester, and when they will become payable.

Estate Agency Fees

Applying to those who own their own home, you will likely have to pay a listing fee. With the ever-climbing popularity of online estate agents such as Zoopla or Rightmove, a basic listing to sell your home can cost as low as £500.

If you would like a much more personalised service and your own dedicated and trusted sales negotiator, the fee will generally be somewhere within the area of 1-2% of the sale price.

Mortgage Valuation Fees

Your mortgage lender will also be required that you, as a home buyer, have a valuation taken out on the home that you are looking to buy and move into, to make sure they are lending against adequate security.

The prices of these valuations can vary, depending on the one you have taken out. A basic valuation with some mortgage lenders can cost nothing, whereas you may be looking at a couple of hundred pounds for a home buyer’s report that has more detail.

You may find that a full building survey can cost you even more. It’s all about having that element of choice, as in whether or not you opt to have a more detailed report.

The decision that you make will more than likely be dependent on the age and type of the property that you are looking to purchase, along with any fears and or concerns that you have about the property in question.

Mortgage Arrangement Fees

You will find that there are some mortgage products which offer comparatively cheap rates. That being said, this benefit can be outweighed by an arrangement fee payable to the mortgage lender themselves.

Not every product will have one of these, so you may not have a cost to factor in, but on the other hand, there could be a cost of say £999 or even higher, depending on the mortgage lender you are working with and the product you are applying for.

Sometimes you will have to pay these fees upfront, whereas in other circumstances you may be able to add these fees onto the balance of the mortgage you are taking out, though these would incur additional interest charges.

As a company that prides itself on being mortgage experts in Leicester, we are able to compare a wide variety of mortgage deals for you, finding the most suitable one for you, with your fees all included.

Solicitor Fees

When you are going through the home buying process, especially when you are both buying and selling a home, you will need to hire the services of a trusted solicitor, with the fees of these varying enormously depending on the firm you are quoted by.

Generally speaking, as an estimation for a more simple purchase with a solicitor, you could be looking at around £600 for a lower-value property.

You will need to give them the property address, as well as whether the property you are looking to buy is leasehold or freehold. You will also need to give the purchase price to obtain quotations.

The key points to cover when asking for a quote are:

Stamp Duty Tax

You may also be required to pay Stamp Duty tax, which is a tax that the solicitor collects on completion of the property purchase, in addition to your solicitor’s fees and disbursements.

Mortgage Broker Fees

A mortgage broker in Leicester will typically charge a fee for their mortgage advising service. Our fee is only payable upon completion of your process when you get the keys to your new home.

Please try to avoid any application fees where your money will be at risk.

Removal Fees

The cost of moving your furniture can vary significantly, depending on the level of service that you are looking for as a home mover in Leicester. 

If you are quite happy to hire a van and do the work yourselves, you may find yourself with a cost that is only a few hundred pounds, potentially less than even £200.

On the other side of the coin, if you are looking for a company that provides a full moving service, doing all the manual handling for you, it can potentially be upwards of £1,000.

If you would like to talk more about the costs that are involved in moving home in Leicester and obtaining a mortgage in more detail, then please don’t hesitate to book your free home movers review today and we will see how we can help.

Date Last Edited: December 6, 2023

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