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The cost of selling a house is something which all sellers ought to consider. There are lots of expenses to take into consideration, many of which may not be immediately apparent. 

It is important to understand that seller’s fees are an unavoidable part of the selling process, and you should budget accordingly. 

In this comprehensive guide, we set out everything you need to know about the cost of selling a house in the UK. 

What Fees Do You Pay When Selling a House? 

It is no secret that selling a house in the UK is expensive. As well as the estate agents’ fee, you will need to budget for remortgaging or porting fees, conveyancing fees and an energy performance certificate. This is not to mention other costs such as removal fees and any home improvements which are needed. 

Some of the costs which you may need to factor in include: 

  • Estate agents’ fee 
  • Remortgaging, porting fees or mortgage exit fee 
  • Conveyancing fees 
  • Energy performance certificate (EPC) 
  • Removal fees 
  • Any home improvement fees 
  • Capital gains tax (if applicable) 
  • Surveying fees (optional) 

What is the Cost of Selling a House in the UK?

It goes without saying that the costs of selling a house are not uniform. The amount you will need to pay depends on a number of factors, including the value of the house and the particular fees of the estate agent you are dealing with. 

General Costs 

The current average house price in the UK is around £249,000. Based on an average house price, you can expect to pay the fees displayed in the table below. Bear in mind that not all of these fees will apply to every person selling a property. 

Type of cost  Average cost 
Estate Agency fees  £2,356 – £7,070 
Solicitor fees for conveyancing  £400-£1,870 
Remortgaging  £1,009 
Porting a mortgage  £450 
Energy performance certificate  £60-£120 
Removal fees  £45-£1,440 
Surveying cost  £500 
Capital gains tax  Varies 

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Mortgage Fees When Selling a House 

As a seller, you will need to take mortgage fees into account. If you still have a mortgage to pay at the time of your sale, you may need to pay a mortgage exit fee. The fee for exiting a mortgage varies from £50 to £300. 

Sellers can choose to either port their mortgage or look for remortgaging opportunities.  

Fees for Porting a Mortgage

Porting a mortgage is the process of transferring the mortgage on your current property to the one you are buying.  

If you plan to move to a similarly priced property, porting is a simple process. You will usually need to undertake a mortgage valuation survey, which can cost up to £450. 

You may run into difficulties if you are moving to a more expensive property. If you are moving to a more expensive property and need to borrow more cash, an arrangement fee between £100-£500 may be payable. 

 Fees for Remortgaging

If you decide to get a new mortgage deal instead, you should consider the fees for remortgaging. The fees you can expect to pay are: 

Arrangement fee - £1,000 – £2,000 

Booking fee - £100 – £250 

Valuation fee – £150 – £1,500 


What Should I Know About Estate Agent Fees? 

A high-street agent will usually charge a percentage of the selling price as well as VAT, depending on the type of contract which the seller has chosen. Estate agent fees vary with the average being around 1.2% (plus VAT) for a sole agency agreement on a no sale, no fee basis. A no sale, no fee service means that if the sale of the house should fall through, you won’t be liable to pay commission.  

Some estate agents may charge a fixed fee rather than a percentage of a sale. This is common with the sale of a low-value property. 

It is prudent to check the full terms of any agreements which you might have with your estate agent. 

Why Should I Hire an Estate Agent to Sell my House?

Most people selling a house will choose to hire an estate agent. Whilst it is possible to sell a house privately, an estate agent will certainly make the selling process smoother. Through hiring the services of experienced estate agents, you will have access to a huge network of contacts, which would otherwise be out of your reach. 

Selling a house is unquestionably a stressful process but with the help and support of a reputable estate agent, some of that stress can be taken off your shoulders. 

At Chancellors, we pride ourselves on delivering a service of the very highest order. It is our commitment to you to find the best price on your property, on a timescale which suits you. 

What you can expect from Chancellors: 

  • Professional, reputable and knowledgeable estate agents with a wealth of experience 
  • No hidden costs and fees with any of our services 
  • A marketing plan for the sale of your house, designed to reach thousands of potential buyers 
  • A bespoke home selling package, tailored towards the type of property you are selling and its location  

Contact us now to find out more about how Chancellors can work with you to sell your property 


What is an Energy Performance Certificate?

If you are selling your home, you are obliged by law to provide a potential buyer with an Energy Performance Certificate (EPC). An EPC provides information about how energy efficient your home is, using a scale from A to G, with A being the most efficient. 

There might be exceptions to this rule if: 

  • The property is a residential building intended to be used for less than four months a year 
  • The property is a listed building, for which you should seek advice from your local authority’s conservation officer if any energy-efficient upgrades could impact on the character of the property 

An EPC is valid for up to ten years, so it is imperative to check the validity of the current EPC on the property. The EPC must be ordered before your home goes to market – you can be fined for failing to have one. 

Through getting an EPC, you can actually improve the chances of selling your home. This is because the EPC certificate will highlight whether the property’s energy usage could be more efficient. Based on this assessment, you could make changes to improve the property’s energy efficiency which in turn will make your house more appealing to potential buyers. 

You will need to appoint an accredited assessor to conduct the energy performance analysis. The Ministry of Housing, Communities & Local Government offers a free tool for finding assessors in England, Wales and Northern Ireland. Scottish residents can use the Energy Saving Trust’s search function 

Here at Chancellors, we can help you to arrange the energy performance analysis on your home. This service is included with our specialist home selling package.  

Contact us now to find out more.  


How Much do Solicitors Charge to Sell a House in the UK?

Conveyancing fees vary considerably, depending on location, size of the property and most importantly of all, the value of the property. 

Your conveyancer is responsible for dealing with the various legal issues associated with selling a property. As such, the price can increase depending on the complexity of the sale, although it is more often tied to the value of your property. 

As with any other costs of selling a house, make sure you request an itemised quote when searching for a conveyancer to avoid being hit with unexpected charges for “extras”, such as phone calls and photocopying. Costs such as these should be included within your conveyancer’s standard fee. 

Conveyancing fees are usually divided between the solicitor’s legal fees and disbursements. Disbursements are fees which the solicitor pays on behalf of third-party services. 

Disbursement fees include: 

  • Copy of title deeds: £4 – £12. This is a document which states that you legally own the property you are selling 
  • Money-laundering checks: A money-laundering check of a buyer will usually cost around £8 
  • Bank transfer fee: Conveyancers will typically charge around £40 for fees they incur  

To encourage a smooth, swift sale, we offer a legally prepared conveyancing service, which we strongly recommend to our clients. It guarantees that your conveyancer will already have been briefed on the specifics of your sale, speeding up the time taken for them to issue your contract. 


Home Improvement Fees and Preparing Your House for Sale

One of the best things to do to improve the chances of selling your house is to make home improvements. Whilst it is not necessary to make extensive changes to your property, some careful adjustments can add value to your house and increase the interest of buyers considerably. This is why it is a good idea to budget for home improvements.  

Possible costs for home improvements: 

  • General cleaning: £0 – £150 
  • Painting and decorating: £50 – £1,000 
  • Fixing repairs: Up to £2,000 

Simple home improvements, such as adding a lick of paint to worn-looking walls can add so much to a house, at a relatively low cost. Also, resolving easily fixable issues such as broken door and window handles will not break the bank.  

You can make your house look much more presentable with these simple home improvements, which will only increase the chances of it being sold. This is particularly true for those who are struggling to sell their house. 

Of course, some houses may require more extensive improvements, including to the exterior. Deciding whether to invest in more costly home improvements can be a difficult decision.  

At Chancellors, we are more than happy to help if you are struggling to decide which home improvements may be worth investing in. With our expertise, we can help you to reach a well-informed decision. 

Contact us today for more information about how we can help you. 


What are the Removal Fees?

Removal fees are dependent on what needs to be moved and where it needs to be taken to. It might be possible to receive a discount if you book well in advance. Other factors which influence the cost of removal include: 

  • The size of van or lorry required 
  • Time of day, week and year 
  • Packing materials 
  • Whether you require professionals to pack your belongings 

Average fees for removals up to 10 miles away: 

Number of Bedrooms  Cost 
1-2  £300 
3  £458 
4  £682 
5  £871 

If you are looking to move and would like assistance with the removal process, Chancellors can help. We work with a number of experienced removal service companies who offer first-class, tailored services at competitive rates to meet your needs.    

What are the Taxes on Selling a House?

The majority of taxes associated with the sale of property, such as Stamp Duty Land Tax in England and Northern Ireland or Land Transaction Tax in Wales, are paid by the buyer. However, in some circumstances you may be required to pay taxes on selling a house. 

Usually, when you sell your main home (or only home) you don’t have to pay any CGT. However, in some circumstances you may have to pay some. For example: 

  • The home includes a lot of land/additional buildings (5000 square metres or more) 
  • You’ve sub-let part of it (but having one lodger doesn’t count) 
  • Part of your home is exclusively business premises 
  • You bought it just to make a gain (e.g. if you are a property developer) 
  • You have another home that could be considered your main residence 

Some of these points may be open to interpretation and dispute, so we would recommend that you speak to an independent tax accountant for expert unbiased advice. 

What About Surveyor Costs?

It is not a requirement for a seller to get a property survey, otherwise known as a home report, if you are selling a house in England, Wales or Northern Ireland. In other words, a buyer is responsible for a property survey. 

A property survey is a detailed inspection of a property’s condition. It is useful for those who are selling a house that is not in good condition. The seller can then either make any improvements which are required themselves or inform the buyer of these problems. The cost of a property survey in England is around £500. 


Do You Need Help with Selling Your Property?

Chancellors is a team of highly experienced estate agents who are passionate about the UK housing market. We have helped many clients, just like you, to secure the sale of their house through skilful negotiation and a trustworthy approach.  

Our industry-leading marketing strategies, housing market knowledge and links within the industry put us in the best possible position to get the sale of your property over the line.  

So why not book your first consultation today? Our team is on hand to answer any questions you may have. Contact us today for a breakdown of our home selling service. 

Correct at time of publication (20th November 2018). The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.

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