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Other costs of buying a home

If you are selling your old home in order to buy a new home, you may need to take out a bridging loan if the sales do not coincide. You may also need to take into account the cost of moving to your new home, and any increase in living expenses that's likely to occur.

Bridging loan

If you are selling your old home in order to buy a new home, you may find that you need to come up with the money for your new home before the sale on your old home is completed. In this case, you may need a bridging loan from your lender or another financial institution.

Moving costs

You will also have to take into account the costs of moving home. This might include:

  • hiring a van or a removal firm to move your belongings
  • storage
  • packing materials.

Read the page on moving costs to find out more about these expenses and how you may be able to get help to pay them. This page also looks at the costs of connecting the gas or electricity supplies and buying furniture and white goods.

Decorating and repairs

If you need to do any decorating or repair work to your new home when you move in, you'll need to add the cost of this to your budget. If you need to hire a builder, decorator, joiner, plumber or electrician to carry out any decorating or repair work, try to get at least three quotes before going ahead with the work.

Scotland map Housing laws differ between Scotland and England.
This content applies to Scotland only.
Get advice if you're in England

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