Award-winning No Move, No Fee conveyancing for Banbury home movers
By Gaynor Haliday , Oct 12, 2018
Every year our No Sale, No Fee property lawyers help property buyers and sellers looking for conveyancing solicitors in Banbury and across Oxfordshire.
With guaranteed fixed conveyancing fees and a commitment to proactive communication, our team know how to minimise the stress of moving home.
Our no move no fee service means should your move not proceed, even if you decide to pull out, you won't have to pay any conveyancing solicitors' fees.
Get a conveyancing
- Property details
- About you
- Your quote
Banbury's most communicative conveyancing service
A lack of conveyancing solicitor communication can be one of the most exasperating parts of the whole home moving process.
The service quality charters of both the Law Society's 'Conveyancing Quality Scheme' and the Council for Licensed Conveyancers are particularly concerned with the issue of low standards of conveyancing solicitor communication.
Despite attempts by the Council for Licensed Conveyancers and the SRA to address the issue, a Conveyancing Association-commissioned survey, suggested that 23% of conveyancing transactions fall through due to poor communication.
Our team of Banbury conveyancing solicitors provide an unmatched property legal service. We deliver to homemovers an informative and proactive service by phone, email and online, 7 days a week:
- Lowest Banbury conveyancing solicitors fees
- Personal extension numbers for your conveyancer
- Open Mon to Thurs 9am-8pm & Fri 9am-6pm
- We are open weekends - Saturday (9am-1pm)
- Instant updates by your chosen method (including SMS, phone and email)
- State of the art technology to track your case
Updated: October 12, 2018
Banbury conveyancing solicitor fees
No Move, No Fee conveyancing in Banbury
Conveyancing solicitor fees are what you pay to conveyancing solicitors in Banbury for the legal work associated with buying or selling a property.
How are Banbury conveyancing fees calculated?
We work on a fixed No Move, No Fee basis with no hidden costs, unlike some other conveyancing solicitors in Banbury who work on an hourly rate. Your conveyancing quote will set out exactly what you will need to pay when your house or flat sale completes.
What are disbursements?
On top of the conveyancing fees you will also need to budget for 'disbursements'.
Disbursements are fees that a property lawyer must pay to other companies during the process of buying or selling your home. These include costs like local authority searches or landlord's notice fees.
How much will the total conveyancing fees in Banbury cost?
Although conveyancing fees in Banbury will usually match prices elsewhere in the UK, there may be some variation in certain disbursements. As examples, council search fees will vary and specific extra searches, e.g. transport searches, may be necessary.
With Quittance Conveyancing, there are no hidden fees or nasty surprises. For standard conveyancing transactions, the fees we quote are the fees you pay. Work out the conveyancing fees for your move, with our conveyancing calculator: Click here
Conveyancing - Buying a property in Banbury
There is now an obligation on a seller to disclose any property defects or disputes to their estate agent and to the purchaser.
It is, however, still the duty of a Banbury conveyancing solicitor to carry out due diligence on the property, deliver their report on title to the purchaser, help with resolving any problems and ensure the title is transferred to the new owner.
This section of the article discusses the aspects of the legal process for conveyancing solicitors in Banbury that demand specialised skills.
- Conveyancing solicitors in Bedford
- Conveyancing solicitors in Evesham
- Conveyancing solicitors in Leamington Spa
- Conveyancing solicitors in Northampton
- Conveyancing solicitors in Oxford
- Conveyancing solicitors in Oxfordshire
Your Banbury conveyancing solicitor must be lender-approved
Before you select a Banbury conveyancing solicitor, you must confirm that they can represent your chosen lender, whether you are obtaining a mortgage from Lloyds Bank, Ulster Bank or any other lender.
Your lawyer may be unable to act for your chosen lender, because some banks and building societies are only prepared to work with a select panel of firms.
If this is the case, the lender will probably require a different firm to complete the legal work, and you will then have to cover this second lawyer's costs. Adding another solicitor to the process can delay the whole purchase.
Quittance Conveyancing can act for all mortgage providers.
- Lloyds Bank
- Barclays Bank
- HSBC Bank
- The Royal Bank of Scotland
- Santander Bank
- Nationwide Building Society
- Halifax Bank
- All UK lenders
Cherwell District Council searches
Searches are questions submitted to a number of authorities by Banbury conveyancing solicitors to identify information and potential issues affecting the home you want to buy.
Searches are primarily performed to satisfy the conditions of the lender, and include the local authority (LA) search, environmental search, drainage & water search and chancel repair liability.
More specific searches, such as an HS2 search or an agricultural search, may also be referred to subject to the outcome of the initial searches.
Property purchasers can expect a lead time of roughly 10 weeks for property searches provided by Cherwell District Council, so your solicitor will instead apply for quicker personal searches.
Your conveyancing solicitor will also obtain office copies from HM Land Registry, helping to identify any planning issues. These issues could include right of access issues or a difference between the agent's floorplan and the title plan.
Cherwell District Council Council Tax
Cherwell District Council calculate council tax on Banbury homes based on the number of occupants and the historic value of the property (as valued at 1 April 1991). The occupier of a property in Valuation Band B, for example, would owe annual council tax of £1,420.
A conveyancing solicitor in Banbury will inform a buyer of the property's band once they are themselves notified.
If the property is unoccupied for 2 years or more, an additional premium of 50% may be applied to the council tax. Single person discount reduces the tax due to 75% which would equal £1,065.
Other discounts and exemptions could also apply, for example unoccupied properties undergoing major repairs or where the property is a hall of residence.
|Band||Cherwell District Council Tax (2018)|
Can I appeal against my band?
A property owner can also ask for their property to be reassessed. To appeal contact:
Valuation Office Agency
59-77 Sheep St
Stamp Duty on Banbury properties
The purchaser's conveyancing solicitor will ensure that the Stamp Duty Land Tax is correctly calculated and is paid to HMRC. This occurs once the property sale has completed.Stamp duty will have to be paid by the property buyer on properties sold for more than £125k in England and Wales.
Quittance Conveyancing use smart case management systems to make sure that mistakes are not made on the stamp duty process.
The following table illustrates Stamp Duty Land Tax examples for average properties in Banbury:
|Average sale price (2017)||Stamp Duty|
|Average price (detached)||£440,082||£12,004.10|
|Average new build||£420,521||£11,026.05|
Stamp duty relief for first-time buyers in Banbury
For first-time buyers, stamp duty is only payable on purchases over £300k. Homeowners must pay a higher rate of SDLT when buying a second property. Following the example above, if a homeowner bought a second property in Banbury for the average price of £345,123 the SDLT would be £27,609.84.
Banbury conveyancing solicitors will ensure their client pays the right amount.
Buying a flat? Leasehold conveyancing in Banbury
It can be costly to buy a leasehold property if you don't know what you are getting into. Ground rent multipliers, unfair developer practices and unpaid service charges by the existing leaseholder are only some of the frequent complications awaiting an uninformed buyer.
A specialist conveyancing solicitor in Banbury will consider potential leasehold issues, such as :
- reviewing the lease itself (many leases are decades old)
- possible service charge shortfalls
- dealing with freeholders
- complaints from neighbours
Make sure that you are aware of all the potential issues and costs associated with the lease with Quittance Conveyancing's specialist leasehold conveyancing solicitors.
Buying a 'New Build' property in Banbury?
The average value of new build homes in Banbury is £437,746, (HM Land Registry data). 14 brand new homes have been bought in Banbury in 2018 so far.
A new-build conveyancing solicitor in Banbury will need to be aware of Banbury-specific factors and the added complexities associated with new build, like checking planning conditions have been fulfilled, working to tight developer deadlines and registering ownership with warranty providers, including NHBC, Build Zone and Ark Residential.
Our team of new build conveyancers are specialists in meeting short developer deadlines and ensuring that new build contracts favour the client as much as possible.
Oxfordshire Conservation areas
If you are intending to buy a house in a conservation area in Banbury, the property must not breach any conservation area constraints. These conditions, referred to as Article 4 Directions, can include restrictions on the style and height of boundary walls, restrictions on the addition of flues and soil vent pipes or restrictions on extensions normally within Permitted Development rights.
If a property is in breach, you could be legally required (as the new owner) to pay for returning the property to a compliant state, even if the changes were made by the previous owner.
Parts of Banbury lie within a Cherwell LPA-governed conservation area. Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Banbury.
Conveyancing - Selling a property in Banbury
Conveyancing for a property sale is much simpler than when buying. With a purchase, the onus is on the buyer to satisfy themselves that the title of the property is not legally defective.
Conversely, when selling, conveyancing solicitors in Banbury acting for the vendor only need to answer the buyer's solicitor's formal enquiries.
What could jeopardise the sale of your home?
Obstacles, like a historical dispute with a freeholder or Japanese Knotweed, can potentially derail a sale if they are ignored.
It is generally recommended for sellers to face such issues head on and fix them.
- Noisy neighbours? What to do before selling your home
- Selling a Green Deal property? What you need to know
- The Essential Conveyancing Guide for Sellers in 2018
For more conveyancing advice for sellers click here.
The conveyancing process for a leasehold flat (leasehold houses are not common) is a great deal more difficult than it is for a freehold home.
Conveyancing solicitors in Banbury must usually carry out further legal work, which could include collating all relevant freeholder information, through to details of any required deed of covenant.
To speed up the leasehold conveyancing process, it is highly recommended that you contact a leasehold specialist as soon as an estate agent is chosen.
Can Quittance conveyancers act for both sides?
Solicitors Regulation Authority rules prevent a single conveyancing solicitor from acting on both sides in a property sale and purchase. However, a conveyancer who is regulated by the CLC, can act for both parties.
If you are buying or selling a Banbury home, and a Quittance conveyancing solicitor is carrying out the legal work for the other side, you could contact a property solicitor firm in Banbury to carry out your legal work.
Local Banbury conveyancing solicitor directory
- Leport & Co, 11a Market Place, Banbury, Oxfordshire, OX16 5UA
- Brethertons LLP, Strathmore House, Waterperry Court, Middleton Road, Banbury, Oxfordshire, OX16 4QD
- Johnson & Gaunt Solicitors Limited, 47 North Bar Street, Banbury, Oxfordshire, OX16 0TJ
- Quercus Legal Services Limited, Kineton House, 31 Horse Fair, Banbury, Oxfordshire, OX16 0AE
- Aplin Stockton Fairfax, 36 West Bar, Banbury, Oxfordshire, OX16 9RU
Conveyancing - Remortgaging a property in Banbury
Benefitting from a lower rate to reduce monthly expenses is primarily why homeowners decide to switch lenders. There are other reasons, including wanting to borrow more, or moving to an offset mortgage.
A good conveyancing solicitor in Banbury will complete the conveyancing quickly, perhaps saving you from a payment or two at your old rate. With rate rises anticipated, fast conveyancing can be a key consideration when getting the mortgage rate you want.
It is crucial that your property lawyer can represent your new lender. Our conveyancers are on all major lenders' panels. So no matter whether you are changing to a fixed-rate mortgage with the Halifax or to a fixed-rate mortgage with the Chelsea Building Society, our remortgage specialists can help.
About the author
Gaynor Haliday is an experienced legal researcher and published author. She has had numerous articles published in the press and is a legal industry commentator.
Read more about this Quittance Legal Expert
Instant onlineconveyancing solicitor quote
Quittance Conveyancing delivers fast, proactive and communication-focused conveyancing to Banbury home buyers and sellers. Your dedicated conveyancer will keep you informed every step of the way.
Get a quote
Get a conveyancing solicitor quote for your Banbury property sale, purchase or remortgage.Get a quote online
or call us on 0800 612 0377
Compare solicitor quotes
Find out more about how to compare conveyancing solicitor quotes in 2018.Find out more
If you have any questions or would like to discuss your sale or purchase with an expert, email us at:
Ask a conveyancing expert
If you have any questions about getting a conveyancing quote or any aspect of the conveyancing process, let us know: