How much money will I get after selling my house?
The amount of money you receive after selling your house depends on your final sale price and the costs that need to be deducted from it.
From the sale proceeds, the main deductions usually include:
- Your remaining mortgage balance
- Estate agent fees (if applicable)
- Solicitor or conveyancing fees
- Early repayment charges, if you are still in a fixed or discounted mortgage deal
- Any other agreed selling costs or fees
Once these are paid, the remaining amount is what you will receive as your equity from the sale. If your property has increased in value and you have a significant portion of your mortgage already repaid, you may be left with a larger sum. However, if your mortgage is close to the property value, the remaining amount could be smaller after costs.
Your solicitor will provide a completion statement before the sale finishes, showing exactly what will be deducted and what you will receive.
If you want more certainty and a quicker outcome, Sell House Fast can provide a cash offer so you know upfront what you’re likely to receive.
