Buying a new home can be an expensive process. It can also be a difficult juggling act to coordinate the purchase of the new property and the sale of the old property. Owning two properties for a period can be expensive. Not owning any means you must find temporary accommodation or move in with family or friends until you settle on a new home.
The "Buy then sell or sell then buy cost estimator" gives an indication of the costs you will face depending on the order in which you sell your old home and buy your new one.
It does not include all the costs associated with buying a new home. It only attempts to capture the costs associated with the timing of the purchase and the sale. For example, if you move home you will have to pay a removalist (unless you move all your possessions yourself). However, if you sell before you buy you are likely to face a double move and putting your items in storage because you have to vacate your current home before you move into your new one. So while the cost of moving once is not included in the calculator, the extra cost associated with the double move is, because this relates to the timing of buying and selling your property.
It is important to note that the calculator supplies broad indicative estimates rather than figures which will be precisely accurate for every case. For example, this estimator does not take into account the mortgage termination fees ("break costs"), which may be payable when a loan is paid off before completing its agreed term, as these costs are determined by each lender differently and relate specifically to each individual case.