The average cost associated with moving home for someone who already owns a home rose by 69% to £3,632 from £5,290 in 2001.
Estate agency fees, mortgage fees and stamp duty were the biggest contributors to the overall rise in moving home expenses.
The increases in these three components combined accounted for more than three-quarters of the overall rise in moving costs.
Estate agency fees remained the largest single component of the cost of moving home accounting for 38% of total costs.
Mortgage arrangement fees have more than trebled over the past decade. Lloyds said it reflects the changing structure of mortgage products over the period. Despite this increase, mortgage arrangement fees currently account for just 12% of the typical home moving bill.
First-time buyers paid on average £3,334 in 2011 to move home, 63% lower than the total for home movers at £8,922.
Research commissioned by Lloyds revealed that half of consumers would expect to use their savings to cover these additional costs, compared to only a quarter who were relying on the equity in their current property to cover moving costs.
Only a quarter of recent home movers budgeted for all of the additional expenses associated with home moving. Almost two thirds relied on savings to cover the cost of moving home and one in five turned to friends and family.
Some 16% used their credit card and just 14% were able to use existing equity.
Suren Thiru, housing economist at Lloyds TSB, said: “With the costs associated with completing a home move in the UK rising substantially over the past decade, the task for those looking to move home has undoubtedly become more challenging.
“The significant rise in home moving costs is particularly concerning at a time when demand in the UK housing market is weak.”
Stephen Noakes, director of mortgages at Lloyds TSB, added: “With the cost of moving at its highest level since 2007, consumers struggling to cover the costs should look to make savings wherever they can. With mortgage fees making up around 12% of the overall outlay, considerable savings could be made by looking for a fee free mortgage option.”
