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Make sure you plan ahead for all your finances so you can really enjoy London after your move

Relocation costs cover a multitude of aspects and as Moving Coach at London Relocation, I’ve developed a short list of added expenses that you’ll have to consider when moving to London, or making any international move for that matter.

Most people are aware that there are always ‘extra’ costs when moving home. Moving to a new home in a different country adds another layer of planning and it can be daunting when you add up the little extras that will help you settle in. It is important to plan ahead and make sure that you are well aware of all your upcoming costs so that you do not get a heavy bill!

  1. Council Tax – This is the local tax in the UK which is levied on ALL properties in the UK. It is paid for by the tenants of the property rather than the landlord. It includes things such as funding schools, rubbish removal, police, fire service, recycling, leisure centres and street cleaning. Needless to say you should be prepared to pay at least £60 – £120 per month depending on the size of the property. However, if you are a student or single occupant you can apply for an exemption.
  2. TV licence –  In the UK, any flat or house watching or recording a live feed of television as it broadcasts is required to purchase a TV licence. These fees are required even if you do not have a TV and are just streaming Television off a laptop. The fees are used to fund the television, radio and online services of the BBC. You’re looking at £145.50 for the year.
  3. ATM–Banking machines  We all know that you get charged a nominal fee to withdraw cash, anywhere from £2 – £3.50 at the machine. What you may not know is that your bank at home may charge up to £15 for International withdrawals. In order to make sure you are not getting ripped off check this out before making multiple transactions.
  4. Travel Cards – We all know that London’s Transport links are among the best in the world. Things that you may not know are how costly it can become if you are not given the right advice! Travel cards will allow you unlimited travel on the underground, buses and overground within the specified zones. If you chose to use pay as you go you will be charged full price every time that you use the underground! There are price caps but it is far cheaper to go the travelcard route!

During your plan make sure that you have your rainy day fund set aside or include these into your relocation costs so that you do not have a surprise when you are settling into your new home.

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Devon Lampard LR Moving Coach  At London Relocation we’re not just about finding you the perfect home, but about making sure    that your entire relocation is managed to your expectations. We put together a comprehensive  personal plan for you and your family to ensure that every aspect is covered and you understand  everything about the move, your new home and settling into a new lifestyle.

If you’d like to chat with me about your upcoming move, drop us a mail at:  client@londonrelocation.co.uk or connect with me, Devon Lampard on Google+