Cost Of Moving House Reaches £11,000

Rising house prices have pushed up estate agency fees, conveyancing costs and stamp duty too - putting the typical cost of moving at £10,996, up nine per cent on this time last year. The report, by Lloyds bank, also found that buyers in the south-east have been hardest-hit, with moving costs in London now standing at more than £31,000. The increase reflects how moving costs have risen faster than wages have over the past 10 years, shooting up by 25 per cent compared to a 17 per cent rise in full-time earnings. It means the total cost of moving now eats up 41.5 per cent of the UK's average salary of £26,500. Read more on the ITV website.