The cost involved in selling your property. When selling your property it can be hard trying to figure out all the fees involved in selling, so we have a list of the things you need and the average price they normally cost
Energy Performance Certificate (EPC): EPCs are compulsory with the sale of a UK home, and can only be awarded by accredited professionals. The assessment and resulting certificate typically cost between £60 and £80
Estate agent’s fee: Could be negotiated based on the type of instruction, i.e. Sole, Twin or Multiple Agency. Please kindly note that all our fees are Inclusive of VAT.
Property solicitors fee: Solicitors fees can vary depending on a number of factors. If you are buying a new home at the same time, using the same solicitor for both transactions can have financial and administrative benefits. Some solicitors will charge by the hour, while other solicitors will charge a flat fee.
Current lender’s fee: if you have an existing mortgage and require a new one, the early termination of your old mortgage may incur administrative fees, or early repayment fees
Removal and storage costs: if you are selling the property that you presently live in, there may be removal or storage costs when it comes to vacating
Professional cleaning: you may wish to have your propertyprofessionally cleaned before potential buyers begin to view the property
Repair work: completing any repairs in advance will incur an immediate expense but can save money in the long term. When market demand is high, however, a number of minor issues become far less significant
Rental costs: If you live in the property you are selling, a buyer may want to move in before you have been able to buy your next home. If the prospective buyer is unwilling to wait, you may decide to rent a property while you continue the search for your next home
Bridging loans: if you need to move quickly on the purchase of the new property before the sale of your previous property has gone through, a bridging loan may provide a way to cover the deposit, whilst you are waiting for the proceeds from that sale. Bridging loans can be arranged relatively quickly, and while the interest rate and arrangement fees may be higher than that you would pay on your current mortgage, there is generally no tie in periods and they can provide a helpful short term solution
Capital Gains Tax: if you are selling a property that you do not live in then you may have to pay Capital Gains Tax
Kindly follow the below link for our comprehensive Seller's guide
click here to see our selling guide