Updated: October 12, 2018

Bexley conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Bexley

Conveyancing solicitor fees are the costs you pay to your Bexley conveyancing solicitor for handling the legal work for your move.

How are Bexley conveyancing fees calculated?

Our conveyancing solicitors work on a fixed No Sale, No Fee basis with no nasty surprises in the small print, unlike some other conveyancing solicitors in Bexley who carry out the legal work on a price per hour basis. Your quote explains what you will pay when your sale or purchase goes through.

Are there any other costs?

You will have to pay any 'disbursements', on top of the conveyancing fees.

Disbursements are fees, costs or taxes that your property solicitor will have to pay to third parties on behalf of their client, such as indemnity insurance or Land Registry fees.

See: Complete list of conveyancing fees

How much will the total Bexley solicitor conveyancing fees be?

While conveyancing fees in Bexley will be the same as anywhere else in the country, the disbursements required can vary. For example, Local Authority (LA) Search fees will vary and additional region-specific searches, such as a mining search, may be needed.

For standard conveyancing transactions, the fees we quote are the fees you pay. There are no hidden fees or costs to be paid with Quittance. To calculate your conveyancing fees, try our conveyancing fees quote calculator: Click here

Quittance's conveyancing fees were considerably cheaper than the Estate Agent's recommended solicitor's fees

Conveyancing - Buying a property in Bexley

The London Borough of Bexley is on the outer fringe of the capital, south of the River Thames, yet only a 25 minute journey by train.

The borough owns and maintains more than 100 parks and open spaces and in 2016 was noted as the most affordable area of London in which to buy or rent a home. However house prices rose by 6.3% in 2017 compared with the rest of London at 0.5% and growth looks set to continue.

Conveyancing for home buyers

The conveyancing for a property purchase needs the conveyancing solicitor in Bexley to consider a wide range of issues. Examples of such factors can range from a defective title (e.g. missing easements) to sitting tenants affecting the future saleability of the property.

The buyer's property lawyer will feed the results of their enquiries back to the purchaser and their lender, find solutions to outstanding defects and other issues and ensure that the full legal ownership is transferred.

The content below considers the types of residential property that may be of interest to people searching for conveyancing solicitors in Bexley for a purchase.

Your Bexley conveyancing solicitor must be lender-approved

Irrespective of whether you are getting a mortgage from the Leeds Building Society, Lloyds Bank or any other lender, before you choose a Bexley conveyancing solicitor it is vital that you check that they are on the approved solicitor panel of your lender.

Some mortgage lenders are only prepared to work with a restricted panel of legal firms that meet stringent criteria. If a solicitor can't act for your lender, the lender will need a different legal firm to complete the legal work.

The borrower will usually need to pay this alternative solicitor's costs and the conveyancing process could take much longer.

Your property purchase could be jeopardised by failing to check your conveyancing lawyer's lender panel status.

Our solicitors are on the panel of all lenders.

London Borough of Bexley Council Tax

London Borough of Bexley calculate council tax on Bexley 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 Band D, for example, would owe annual council tax of £1,588.

Bexley conveyancing solicitors will inform a purchaser of the home's council tax band once this is confirmed by the searches.

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 £1,191.

Other discounts and exemptions may also apply, for example if the property is uninhabited (for the first 60 days) or if an occupier is a student nurse.

Band London Borough of Bexley Tax (2018)
A £1,059
B £1,235
C £1,412
D £1,588
E £1,941
F £2,294
G £2,647
H £3,176

In the financial year 2016/17, 70 council tax challenges were made, of which 20 were upheld and the tax was reduced. To challenge your banding contact:

Valuation Office Agency
Unicorn House
28 Elmfield Rd
Bromley
BR1 1LR
Kent

Stamp Duty on Bexley properties

The normal process is for the conveyancing solicitor to complete the SDLT administration. Buyers can complete the SDLT1 themselves but it is not recommended due to the complexity of the form.

The current Stamp Duty Land Tax threshold is £125k in England, Wales and Northern Ireland.

Quittance Conveyancing's integrated case management system integrates with online SDLT filing systems to ensure that the Stamp Duty Land Tax is settled quickly and with minimal fuss.

See Stamp Duty Land Tax examples for homes in Bexley:

  Average selling price (2017) SDLT
Average price £357,897 £7,894.85
Average price (detached) £581,631 £19,081.55
Average new build £288,166 £4,408.30

Stamp duty relief for first-time buyers in Bexley

Relief is available on home purchases below £300k for first-time buyers with reduced rates up to £500,000. If you are buying a second home for in excess of £40,000 then you will have to pay a stamp duty surcharge of 3%. So if a second property was bought for £357,897 then the SDLT total will be £28,631.76.

Conveyancing solicitors in Bexley will ensure the correct amount is calculated.

Buying a flat? Leasehold conveyancing in Bexley

New build site

It can be risky to buy a leasehold house or flat if you don't know what you are getting into. There are any number of potential traps that may be awaiting an uninformed purchaser, including:

  • incomplete management company accounts
  • reversionary interests
  • unreasonable lease extension premiums
  • doubling ground rents
Serious financial ramifications can result from an inexperienced conveyancer's failure to give good leasehold advice.

If you are planning to buy a leasehold property, a good conveyancing solicitor in Bexley will address aspects of leasehold, including flats in the same block with disparity between their leases, service charges for relevant date periods and sometimes ancient and arcane lease documents.

Ensure that you are fully-informed regarding your decision to buy a leasehold property thanks to our leasehold conveyancing solicitor team.

Buying a 'New Build' property in Bexley?

Building site

The average sale price of new builds in Bexley is £339,499. 4 new builds have been bought in Bexley in 2018 so far.

A new-build conveyancing solicitor in Bexley will need to be familiar with Bexley-specific factors and the added complexities of new build, e.g. working to tight developer deadlines and confirming Section 38 agreements.

Our new build conveyancing team specialise in meeting short developer deadlines and new build purchases.

Conservation areas

If you are buying a house in a conservation area in Bexley, the property must be compliant with any local conservation area conditions. These conditions could include:

  • A prohibition on the removal of front boundary walls
  • Restrictions preventing the installation of VELUX windows
  • Restrictions on side or two-storey extensions

The new owner could be ordered to pay for necessary changes to bring a property in line with current regulations, even where the alterations were made by the previous owner.

Lesney Park Road, Red House Lane and Oak Road are among the conservation areas in Bexley. Your conveyancing solicitor will address whether your planned purchase is located one of Bexley's conservation areas.

Conveyancing - Selling a property in Bexley

The legal process for a sale of a house or flat is less demanding than when purchasing. When a house or flat changes hands, caveat-emptor' means that the onus is solely on the buyer to verify that the property is legally sound.

On the other side of the transaction, conveyancing solicitors in Bexley acting for the person selling need only respond to any enquiries made by the buyer's solicitor.

What could put a property sale at risk?

A property can face a series of problems (e.g. being in an area threatened by local development) that have the capacity to draw out the conveyancing process for several weeks.

You shouldn't bury your head in the sand in the hope that any issues won't be spotted. Instead, seek out professional help, square up to the issue(s), and find a solution ASAP.

Further reading:

Read more conveyancing advice for sellers.

Leasehold flats

Conveyancing for a leasehold property is much more specialised in comparison with a freehold house.

The complexities of leasehold mean conveyancing solicitors in Bexley must carry out additional work, including sourcing an up-to-date service charge statement or any details of any ongoing enfranchisement process.

It is recommended that you instruct a conveyancer with leasehold experience as soon as is practicable to ensure the legal technicalities are handled correctly.

What if your conveyancing solicitors are acting for the other side?

SRA rules ban the same conveyancing solicitor from acting on both sides in a property sale and purchase. A conveyancer who is regulated by the CLC, however, can act for both parties.

You could contact a property solicitor firm in Bexley to undertake your conveyancing, if one of our conveyancing solicitors is doing the legal work for the other side.

Local Bexley conveyancing solicitor directory

  • Graham Dawson & Co, Westminster House, 80d Bexley High Street, Bexley, Kent, DA5 1LE
  • London Borough of Bexley, Civic Offices, 2 Watling Street, Bexleyheath, Kent, DA6 7AT
  • McMillan Williams, 1st Floor, 102 Broadway, Bexleyheath, Kent, DA6 7DE
  • Michael A Clark Limited, C/o T G Baynes, Broadway House, 208 Broadway, Bexleyheath, Kent, DA6 7BG
  • T G Baynes Solicitors, Broadway House, 208 Broadway, Bexleyheath, Kent, DA6 7BG

Conveyancing - Remortgaging a property in Bexley

Homeowners remortgage for a variety of reasons, for example moving to an offset mortgage, or releasing capital. By far the most common reason, however, is to get a better interest rate.

Homeowners can appreciate the benefits of a better rate sooner by using a more efficient conveyancing solicitor in Bexley. With the Bank of England base rate now at 0.5% (May 2018) and rate rises hard to predict, fast conveyancing can be a key consideration when securing the rate you want.

To ensure that the interests of the lender are covered, the property lawyer handling your remortgage will act for both you and the bank or building society.

Gaynor Haliday, Legal researcher

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

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