The cost of moving home

What are the fees cost of moving home

Moving home can be a very expensive and stressful process keeping on top of the costs one of the main areas of stress. It’s easy to let this part of the of the moving process raise further than it has to paying solicitors fees and estate agents are unavoidable but still negotiable! So always ask for discount and whether that is their best price, do not be afraid to ask this is your hard earned money.

One area you can save money is by hiring a man and van service to do the actual moving The cost of moving homeof your belongings rather than a full blown removal company who will charge a lot more than a smaller man and van company. Most man and van companies offer more than one man so will be able to provide a team of moving porters if needed. When looking for a man and van try and get one from recommendation and look for reviews online book with an established company who will have years of experience moving furniture and not with one that is “doing it between jobs” on moving day you will need experienced moving men handling your furniture and possessions.

You will find the only people who actual do any physical hard work for the money you pay during your relocation is the removal men.

•             Solicitors fees: when a property is bought or sold, the legal ownership sometimes called the title deeds must transfer from the seller to the buyer the process is known as conveyance.

•             Valuation fees: this is carried out on behalf of the mortgage lender even however you may have to pay for it. Most lenders charge valuation fees and the cost depends on the value of your property.

•             Searches: this is when your conveyance requests information from the local authority to confirm details about any planned developments that may affect the property. Searches are carried out to determine any additional information about a property that often isn’t evident initially. The fees for searches should come within the cost of the conveyance.

•             Stamp duty: If you’re buying a home, you are going to be taxed. And that tax is known as stamp duty after the official stamps that used to certify payment. At the time of writing if you buy property for more than £125,000, you pay Stamp Duty Land Tax of between 1% and 7% on the whole purchase price.

•             Removals: The physical process of moving all your belongings form your old place to your new home. Some people go the DIY route of hiring a van themselves other let professional removal companies or man and van services take the burden. These are the only people who get paid for physical labour.

•             Insurance: You now own a new home, so it is crucial to protect it, and also all your belongings. Household insurance is divided into two parts, buildings insurance and contents insurance. They can be purchased individually; some insurance companies offer a single policy cover for both which can save you money. Buildings Insurance provides cover for the property itself, such as kitchen and bathroom fittings and running water. It also provides cover for events such as fire, flood or even subsidence. Contents Insurance insures all your possessions inside your home. It’s up to you just what your insurance policy covers and the insurance quote will depends on how much it covers.

There is a lot of resources on the internet comparing lots of the associated costs with moving home most of these compare sites are getting a commission from you when you use their sites so they are useful for finding the supplier then go direct and get the discount yourself

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Starting a new removal company or Man with a Van Service

If you are thinking of going it alone and setting up a small removal company or man with a van

man and van business starting a small removal company
Start your removal company

service you will have to make some choices of what road you will need to go down regarding your tax status here are some options. Sole trader, partnership or limited company? You have decided that you want to run a removals business – now decide how you will achieve this – starting a small removal company

  • Hundreds of thousands of people across the UK become sole traders every year, many starting in the transport business with removal companies and smaller man and van concerns, making this the most popular way to start a company. The reason? It’s easy and simple. As soon as you’ve registered with HMRC for Tax and National Insurance (which you should do soon after launch) you have a company you can call your own. The owners of limited companies may have to register their business a Companies House, but not a sole trader.
  • Sole traders can and do employ staff, but most often sole traders are people who are striking out on their own. When setting up in the removals business you may need help with labour unless you are targeting the “bags and boxes” market lots of young professionals are moving without the larger furniture items and usually rent flats and houses
  • The business you create as a sole trader will be all yours. All the profits go to you but then so too do all the losses. So get stuck in get your advertising out there and start earning. This is important as you will be personally responsible for any debts that the business may incur. Often people form limited companies to shield their personal assets from any debts the business may make.
  • There are no legal stipulations for a sole trader to draw up accounts (although a basic record of revenue and costs should be a minimum for any company). Sole traders simply have to complete a Self Assessment tax return every year something they can do on their own without the help of an accountant. This can be done online at HMRC.
  • A key advantage for sole traders over other types of business is that normally they can deduct losses made in the first year from future profits or other income they may have. Obviously you won’t be setting out to make losses but, if it’s a possibility, this could be useful.
  • Look at your market and target your customers whether it is Manchester removals to London or even further afield do not restrict yourself the world is yours to exploit

Partnership

The removals sector is very competitive. It’s important to offer a good quality service so that your reputation allows you to charge realistic and competitive rates.

  • If you like the simplicity of the sole trader set-up but you’d rather other people were involved in your business (two heads are often better than one, after all) then it’s worth considering a partnership.
  • Setting up a partnership is easy (just as it is to set-up a sole trader business) in that you’re a fully compliant trading entity the moment you register for tax with HMRC.
  • There is no legal requirement to draw up accounts – a Self Assessment tax return is all that is needed – and, if you’re likely to make losses in the first year or so, you can normally deduct them from future profits like a sole trader.
  • As the joint owner of the company you will split any profits with your partner. If there are any losses, you’ll be personally responsible for your share of the debt as well as those of your partners. But, you can get around this by forming a Limited Liability Partnership, which although being more complicated to set up than an ordinary partnership, does reduce responsibility for business debts in the same way as a limited company.
  • Partners often enjoy having someone else around who can help shoulder the workload. But, given that starting a business with someone can be more intense than marrying them, it’s sensible to get a solicitor to draw up a written partnership agreement before you start out. The agreement should deal with how the profits and work are split and what happens if one of you decides to up sticks and leave.

Limited company

  • Sole traders or partnerships might be easy to set up, but the fact that they don’t offer protection from a company’s debts makes a limited company a more attractive option for many. As a director of a limited company, and as long as you operate legally, your personal assets won’t be at risk if your company can’t pay back a debt.
  • Business people often choose to set up a limited company because they believe that to do so lends credibility to their endeavours.
  • Setting up a limited company is not difficult and is done by filling out a number of forms, all of which are available from the Companies House site. If you’d rather not do this yourself, there are companies that will set it up for you for a small fee.
  • The accounts for a limited company must follow a form set out in law. They will need to be drawn up by an accountant then submitted to Companies House. The fact that you must use an accountant has an upside – they should be able to advise on how you can legitimately extract maximum value from your firm (by, for example, supplementing your wages with dividends).
  •  It is usual in the removals sector to request prepayment from customers, so most of your income is likely to be cash sales so make sure you record all transactions with receipts.
    Business Link, types of company: © Business Link, 2011. Source www.businesslink.gov.uk
  • HMRC, © HMRC, 2011. Source: www.hmrc.gov.uk
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Hire a Van with a man

Why Hire Van and man?

There are practically as many usages for vans as there are different models and different types of vans . Whether you are moving house, flat or student room moving your goods or just carrying some work gear around, a man and van hire is the perfect solution.

Here are a few ideas to help you find the right type of van for your needs.

Moving House

A small removal company will base its processes around Luton vans or LWB long wheel based high top vans. There’s a good purpose for this no other types of vans offers such a great combination of load carrying ability and practicality.

The large box body of a Luton van offers a bigger load capacity of a similar sized long wheel base vans but over long distances will cost more in fuel.

Their extra width and height makes a huge difference when you are trying to load big furniture like wardrobes, sofas, beds and mattresses in, and unlike swb and lwb vans there are no wheel arches or doors to prevent you from loading flush to the sides which can happen with side loading doors on panel vans.

Luton vans can also come with tail lifts which can be useful with pianos and heavy furniture pieces unless you are assured you can lift the whole kit and caboodle at a minimum one metre off the ground lutons have taller bodies than panel vans.

Shopping For Big furniture or heavy flatpack ikea items?

Occasionally you need to make a large item buy – too large for a car. You might be able to get it delivered by the shop your buying from, but that is not always likely and can be quite untimely.

A good other way is to hire a van and do the delivery manually by yourself if your not going to use the services of a man and van removal! Which van you should hire rests on on the dimension of your purchase for very long items, look at a long wheel base or extra long wheel base van these offer load spaces up to 4m long like a Mercedes Sprinter.

For lots of bags and boxes or more regular sized objects, a short wheel base SWB van is probably your best bet, offering a good combination of payload and space.

If your purchase isn’t that big at all, but you happen to have a very small car or you just not got a car then don’t forget the advantages of a small van such as the mini van. Although they aren’t much bigger than a medium sized car, they have much more space internally and may well be sufficient for your needs.

Need To Move gear Around?

Whether you need to deliver goods from your business, home or transport goods or gear around for your own purposes, hiring a van can be the best solution if you only need it occasionally.

From car sized to nearly lorry sized, new vans are enormously capable and easy to drive easier than a car in some cases,  why not get a van hire quote from one of the many man and van hire companies today and save yourself the bother of numerous trips in an weighed down car or man and van transport services?

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