The Hidden Costs of Moving
When moving house finances are usually at the forefront of your mind. From obtaining the best price for the house you are buying and/or selling, getting the right mortgage to suit your needs, estate agency fees, solicitor fees, removals and of course, the dreaded Stamp Duty Land Tax. All before you even start looking at utilities and services – the list seems endless.
Unfortunately, the costs do not stop once you have had an offer accepted. If you are selling a leasehold property you will likely be asked to pay for an information pack from the company that manages the building. If you are buying a leasehold property, after completing your purchase you may need to pay a fee to update the managing agents of your ownership. You may also need to confirm with them that you have complied with the requirements of the lease to obtain certification of compliance. Even if you are selling a freehold property there may be managed areas you are required to contribute towards, such as a communal parking area. Your buyer’s solicitor will expect to receive information regarding this as part of the contract pack.
What to expect?
Harold G Walker Solicitors will obtain the information regarding these extra costs as part of their initial investigations so that you are aware as soon as possible what your expected outlay for the matter will be. This allows you to budget for the other moving costs accordingly. They appreciate the stress that moving can bring and this is just one of the ways they can assist you to make things a little bit easier.
For further information on your house move, please contact a member of the conveyancing team.