Anyone who has gone through the house purchase and moving process in the past will be able to tell you that it is exasperating, lengthy, and expensive. Whilst you may have your eye on the cost of solicitors, estate agent fees, and indeed the property itself, the costs that don’t immediately spring to mind are the really crippling ones, and if you are a first time buyer (or even if you haven’t moved house in a while), it’s prudent to take good financial advice before starting your house search.
For example, check on things like council tax bands and utility providers – you may be looking at a sizeable increase on your current bills even if you are downsizing in terms of square footage. Additionally, if you regularly take public transport, you may find that you are now a bus ride to the nearest train station instead of a walk, or that your standard fares for work and socialising are higher. Car and house insurance may be radically different for your new postcode, and if you’re significantly “out of town”, don’t forget to factor in shopping delivery costs, which can mount up over time!
Deciding to move house is a good time to get your finances in shape – sometimes the details are far more important than the bigger picture.
At Choice Financial Solutions we aim to make moving house an easier process, we will advise you of the fees that you need to take into account, when they will be payable and take the time to explain the house buying process from viewing your first property to getting the keys and emptying the first box. Using a Choice Mortgage Advisers Southampton means that you will have someone on your side to ask those little questions and help you make all the right decisions so nothing will jump out and surprise you.