Conveyancing costs calculator
When you are moving house there can be a lot of sneaky costs. I want to spell some of them out here so that you can set a relevant budget for yourself.
Don’t use a mortgage calculator
A mortgage calculator is fine for a rough estimate but don’t do this bit yourself. Most mortgage brokers don’t charge you any money so why are you trying to cut corners here?
Talk to a mortgage broker to get your real costs, because your real costs are about so much more than your interest rate. If you do want to have a preliminary look at some calculators though check out this list of calculators from The Loans Suite, and then contact them to let them figure out the rest.
Hidden costs
You don’t just need to think about removalists, there is also boxes, bubble wrap and tape, cleaners for your existing property (whether you are an owner or a renter), a skip bin, mail redirection, internet relocation, new electricity account, and probably at least one call out fee when you realise there is a problem with your electricity, plumbing, the fridge or the washing machine.
Don’t budget to spend all of your money but also, include in the budget some of these other factors which do add up.
Stamp duty
It is a big part of your budget so have a look at the stamp duty costs, and in particular when you are looking at two different properties with different prices make sure that you include the stamp duty difference in that price gap.
The government has a stamp duty calculator that you can use.
Conveyancing fees
Yes you also need to take into account the fees you will pay to your lawyer or licensed conveyancer. At Novus Law Group we do fixed fees, and that fixed fee includes disbursements. We know that you don’t want any more surprises.
If you want to find out what the fees would be for your particular matter, or how we can help you, then click on the button below to book in a free call with Teresa.
Estate Planning
What does your Will have to do with purchasing a house? Potentially a lot. For one thing there are a lot of things that you can do with your Estate Plan if you purchase a property in a company or trust name instead of in your personal name. Those things become expensive to do later because of stamp duty. If you want to know more then read our blog post about purchasing a house and your Estate Plan.
More information?
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