Allow for the following costs in compiling your budget:

Selling

• agents fees.
• agents expenses (advertising, photographs, board erection, registration fees).
• solicitors fees.
• legal extras on selling (searches, property certificates etc).
• removal expenses.
• find out how much your existing mortgage is to pay off (don't forget to check if there are penalty clawbacks of previous discounts).
• if you have second charges or loans secured on your property these will all need to be cleared.

Buying

• valuation and survey fees
• solicitors fees.
• legal extras on buying (stamp duty, tax, registration fees etc).
• removal expenses.
• mortgage arrangement fees.
• you will have to find at least between 5% and 10% of the price yourself as a deposit.
• renovating, decorating and furnishing your new home.

Legal content supplied by Wilson Nesbitt Solicitors.