#LIST OF BILLS TO PAY WHEN RENTING UK HOW TO#

So, do as much research as possible to ensure you’re paying a fair price! How to set up gas and electricity for the first time in a new home It’s important to bear in mind that ‘standard tariff’ can often be an expensive option. When it comes to gas and electric, you’ll automatically be transferred to old homeowner’s energy provider (or providers), often on their standard tariff. Many first-time buyers are in the dark about what happens when they move into their new home. Understanding gas and electric in a new home However, it’s important to get your head around these household bills to avoid overspending. With all the first-time home buyer costs involved with moving to a new house, gas, electricity and water can be easily overlooked. Can you actually afford to buy and run a home? The more efficient your home, the less you should pay each monthĪlso, costs will vary year to year depending on inflation – meaning the average price of running a house per month is always changing.

The property’s energy rating, shown by an EPC.

Prices depend on a variety of factors, including: However, this does not necessarily mean this is what you’ll be paying. It’s roughly 6% of an average household budget. The average household bills per month in the UK currently sits at £151 a month for water, gas and electric, or £1,815 a year. From maintenance fees to mortgage payments, there’s a lot for first-time buyers to consider! Try not to miss any important steps from your first-time buyer checklist. Of course, this isn’t an exhaustive list of the extra costs you’ll be paying as a homeowner.

Time to clear things up! Here’s a list of utility bills for a house: However, everything is different when you own the property yourself. It’s likely you’re already familiar with paying for bills.

Here’s the first-time buyer’s guide to utility bills. With so much to think about, it can be easy to forget things. You probably don’t need us to tell you that the road for a first-time buyer can be a rocky one. Taking the final steps to becoming a homeowner? About to put money into your own property rather than someone else’s?

List of bills to pay when renting uk