Over budget? Why movers need to save an extra £2k to cover these hidden costs

• 83% of Brits say they’d have to rely on others to help them transport their belongings to a new home
• Brighton is the most expensive city for house movers, Birmingham is the cheapest
• A third of people use storage facilities when moving home
• 46% of people said they took time off work last time they moved, with most people taking between 3 and 6 days off work

A new UK-wide investigation by Admiral Home Insurance has revealed that Brits need to budget an extra £2,000 when it comes to buying or renting a new house, or risk being caught out by some unexpected costs.  

While there’s lots of noise around the cost of deposits and associated legal fees for both buyers and renters alike, the costs don’t end there.

The most expensive city to move house

Aside from deposits, legal fees and paperwork, Admiral’s investigation found that renters and buyers in the UK should budget an extra £2k for these hidden costs of moving house:

On top of these costs for moving from one home to another, and getting the new property ready for your arrival, many people have to factor in additional costs such as childcare or pet care.

Aside from deposits and legal paperwork, people moving in Birmingham face the lowest costs for actually moving home followed by Newcastle and then Plymouth.

Brighton is the most expensive city for house movers outside of London, followed by Southampton and then Oxford, as revealed in Admiral’s cost of moving calculator.

Over a third of Brits say they weren’t fully prepared for the cost of moving house and admit they could have done more research to help inform their budgets.