Moving home cost rockets 70% and stamp duty sends South East move above £16k | Mail Online

Moving home cost rockets 70% and stamp duty sends South East move above £16k | Mail Online

The cost of the fees and taxes incurred in moving home has jumped by almost 70 per cent in the past ten years to hit £9,000 and outstripped the rise in house prices, according to a new report.

And for families caught by the 3 per cent stamp duty trap, the costs involved with simply moving house have soared much higher – with those buying a property costing more than £250,000 instantly hit with a tax bill of at least £7,500.
That means those in the South East pay an average of £16,500, while London home movers pay £19,500, a Lloyds TSB report said.