In August 2025, the Bank of England’s Monetary Policy Committee (MPC) voted by a narrow 5–4 majority to reduce the official Bank Rate from 4.25% to 4%. This is the lowest interest rate since March 2023 and marks the fifth consecutive cut since August 2024. For homeowners considering selling, this change could represent a golden opportunity.

Buying a property in the UK is an exciting milestone, whether it’s your very first home, a move up the ladder, or an investment purchase. But beyond deposits, mortgage deals, and moving vans, there’s one unavoidable cost that catches many buyers off guard: taxes.

Owning a second home is a goal for many people in the UK. Whether it’s a cottage by the coast, a city flat for weekday convenience, or a buy-to-let investment to generate income, the idea of having an additional property is both exciting and rewarding. But it’s also a decision with layers of complexity compared to purchasing your first home.

Moving home isn’t just about the sale price. From legal fees to removals, there are plenty of extra costs to budget for. This guide covers the most commonly overlooked expenses so you can plan with confidence and avoid last-minute surprises. All costs in this guide are just an average and will vary depending on the complexity of the transaction and even where you live in the country so remember to ask for detailed costings.