Stamp Duty hike drives up moving costs

The cost of moving home in England has jumped 10.9% over the past year, according to new research from estate agents Yopa.

The average mover now faces a total bill of £51,826, with a 15% mortgage deposit costing £43,585, making up the largest share. However, changes to Stamp Duty relief thresholds have also driven costs higher. One year ago, movers paid an average of £1,433 in Stamp Duty, but this rose to £2,028 before 1 April and now stands at £4,528, a 216% year-on-year increase.

With a steady rise in property values over 30 years, home ownership is likely to be the largest purchase you’ll make, so it pays to get advice from someone you trust.

Your home may be repossessed if you do not keep up repayments on your mortgage

19 May, 2025

More news

9 May, 2025

Around 11% of divorcees haven’t remove their ex-partner from their Will, risking their estate goin

L&G also says a tenth of divorcees have not updated who should receive their life insurance payout. Meanwhile, only a small number take out new cover after divorce, with 4% buying critical illness

6 May, 2025

Buying a home is now significantly cheaper than renting across most of Great Britain, according to r

The regional cost gap Mortgage payments are 24% lower than rents in the North East, the widest gap in the country. Other areas showing large savings for buyers include Glasgow (46% cheaper to buy), N

2 May, 2025

Taking on DIY projects can be a great way to improve your home and save some money, but it could als

Many home insurance policies have clauses that require properties to be kept in good condition. If damage occurs due to poor maintenance or bad DIY attempts, insurers may refuse to pay out. This doesn