Housing

Communities and Local Government written question – answered on 26th October 2012.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Communities and Local Government if he will estimate the average cost of moving home in the latest period for which figures are available.

Photo of Mark Prisk Mark Prisk The Minister for Housing

holding answer 18 October 2012

We do not collect official information on the costs of moving home. However, while these vary, we estimate that the cost of a solicitor or conveyancer, if a purchaser appoints one, typically start at around £400. This includes the cost of local authority searches, which are typically between £120 and £200, and also Land Registry fees which range from £50 to £550, depending on the value of the property. Some purchasers may also commission a survey at a cost of between £250 and £1,500 depending on the kind of survey, and the type and value of the property.

Some house purchasers may also need to cover costs associated with obtaining a mortgage and, depending on the value of the property, stamp duty land tax. These are matters for the Chancellor of the Exchequer.

This Government has cut the cost of moving home by abolishing the requirement to commission a Home Information Pack. The red tape increased the cost of selling a home, deterring sellers from putting their homes on the market, and the packs were not trusted by buyers, so duplicating costs.

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