Award-winning No Move, No Fee conveyancing for Bungay home movers
By Gaynor Haliday, Legal researcher
Updated: October 12, 2018
If you are buying or selling a home and need conveyancing solicitors in Bungay, our award-winning no sale, no fee property lawyers are here to help.
Quittance offer 100% fixed conveyancing fees, and you will never be in the dark about how your move is progressing, thanks to our commitment to proactive communication.
In the event that your property sale or purchase does not ultimately go ahead our no move no fee promise means you won't have to pay any conveyancing solicitors' fees.
Bungay's most communicative conveyancing service
Poor law firm communication can be one of the most trying parts of moving home.
Conveyancing solicitor communication is so essential to a speedy move that the Council for Licensed Conveyancers (CLC) Client Charter specifically references addressing the issue.
Despite focus from regulators, according to a survey carried out by OnePoll, over a fifth of property transactions fall through as the result of inefficient communication.
Keeping you informed
Quittance Conveyancing's team of Bungay conveyancing solicitors deliver an unmatched property legal service. We strive to deliver to you the answers you require by phone, email and via online case management, every day of the week:
- Cheapest Bungay conveyancing solicitors fees
- Weekend opening - Saturday (9am-1pm)
- Open Mon to Thurs 9am-8pm & Fri 9am-6pm
- Frequent status notifications via SMS, phone and email
- State of the art technology to track your case
- Your lawyer's email address and direct line
Updated: October 12, 2018
Bungay conveyancing solicitor fees and costs
No Move, No Fee conveyancing in Bungay
Conveyancing solicitor fees are the charges you pay your Bungay conveyancing solicitor for the legal work associated with buying or selling a property.
Are Bungay conveyancing fees and costs fixed?
Our conveyancers work on a guaranteed fixed conveyancing fee basis with no hidden costs, unlike some other conveyancing solicitors in Bungay who will work on a cost per hour basis. Your quote will set out what fees you will need to pay when your sale or purchase completes.
Are there any other costs in addition to conveyancing fees?
In addition to conveyancing solicitor 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, such as property searches or identity verification checks.
How much will the total Bungay solicitor conveyancing fees be?
Though conveyancing fees in Bungay will be the same as anywhere else in the country, there can be variation in the disbursements required. For example, Local Authority (LA) Search fees will vary and specific extra searches, e.g. utilities searches, may be necessary.
With Quittance, there are no hidden fees or surprises in the small print. For standard conveyancing transactions, the conveyancing fee we quote is the fee you pay. To calculate your conveyancing fees, try our conveyancing fees quote calculator: Click here
Conveyancing - Buying a property in Bungay
In carrying out the legal work for a home purchase, a conveyancing solicitor in Bungay will examine the draft contract and investigate the property's title and feed the results of their enquiries back to the buyer.
The property lawyer will give advice after making their enquiries, assist in resolving any issues and register the new owner's title at the Land Registry.
This part of the article considers the aspects of the buying process for conveyancing solicitors in Bungay that require specialist knowledge.
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- Conveyancing solicitors in Ipswich
- Conveyancing solicitors in Norwich
- Conveyancing solicitors in Suffolk
Your Bungay conveyancing solicitor must be lender-approved
Regardless of whether your mortgage is with a major lender like Santander or a niche lender such as Hampden & Co, before you instruct a Bungay conveyancing solicitor it is essential that you check that they can act on behalf of your mortgage lender.
Your lawyer may not be able to carry out the legal work for your mortgage lender, because some lenders will only work with a restricted panel of firms.
If that is the case, the lender will require a different solicitor firm to act in their interests, and you will be expected to pay this alternate lawyer's costs. This can frustrate or delay the process.
Quittance Conveyancing are approved members of all lender panels.
- Lloyds Bank
- Barclays Bank
- HSBC Bank
- The Royal Bank of Scotland
- Santander Bank
- Nationwide Building Society
- Halifax Bank
- All UK lenders
Waveney District Council Council Tax
The amount of council tax a homeowner in Bungay will pay to Waveney District Council will depend on the property's value and the number of residents. E.g. a residential property in the Waveney District Council area in Band C would pay £1,479 per annum.
Bungay conveyancing solicitors will inform a purchaser of the property's band once they are themselves notified.
If the property is unoccupied for over 24 months, the owner will pay 150% of the relevant rate. Single person discount reduces the tax due to 75%, which would equal £1,110.
Other discounts and exemptions may also apply, e.g. a 10% discount for second homes or where an occupation is prohibited by law such as a compulsory purchase order. The Valuation Office Agency (VOA) work out council tax bandings for newly-constructed property, and where the owner has requested a revaluation.
|Band||Waveney District Council Tax (2018)|
Could you be overpaying?To challenge your banding contact:
Valuation Office Agency
St. Andrews Business Park
A homeowner can challenge the council tax band after moving in. Between April 2016 and April 2017, 10 council tax challenges were made. 10 were approved and the tax was reduced.
Stamp Duty on Bungay properties
SDLT is paid to HMRC and the purchaser's conveyancing solicitor will ensure that the tax return process is carried out.The current stamp duty threshold for residential properties is £125k.
With Quittance you have the peace of mind that the SDLT1 return is completed correctly and quickly when your purchase completes.
See examples for typical local properties:
|Average selling price (2017)||Stamp Duty|
|Average price (detached)||£317,484||£5,874.20|
|Average new build||-||-|
Stamp duty relief for first-time buyers in Bungay
Relief is available on home purchases below £300,000 for first-time buyers.
Conveyancing solicitors in Bungay will ensure their client pays the correct amount.
Buying a flat? Leasehold conveyancing in Bungay
It is rarely a good idea to buy a leasehold property if you are unaware of the facts. Unreasonable ground rents, leases with fewer than 80 years to run and costly and undisclosed major works are among the many common complications awaiting the unsuspecting purchaser.
A good conveyancing solicitor in Bungay will address aspects of leasehold, including absent freeholders, reviewing the lease itself (many leases are decades old) and share of freehold complexity.
Make sure that you are fully-informed regarding your decision to buy a leasehold property - Contact our team of leasehold conveyancing solicitors on 0800 612 0377.
Buying a 'New Build' property in Bungay?
According to Land Registry information, - brand new homes -. The average price for new build property in Bungay is -.
A new-build conveyancing solicitor in Bungay must be familiar with both local Bungay factors as well as the extra complexities of new build, e.g. handling structural guarantees and negotiating new build contracts.
Our team of new build conveyancers are specialists in representing buyers to achieve the best outcome and working to tight developer deadlines.
Norfolk Conservation areas
Whether you are buying an 18th century stone cottage or a Regency townhouse, if the house is in a protected conservation area, your plans to alter the house might not be allowed by Waveney District Council.
Referred to as Article 4 directions, these constraints can include:
- Limits on roof terraces
- Restrictions on dormer windows
- Needing consent to alter doors and guttering
The new owner could be ordered to pay for necessary changes to bring a property in line with current regulations, even if the changes were made by the previous owner.
The Waveney local planning authority has assigned conservation area-status to parts of Bungay. Your conveyancing solicitor will confirm whether the property you are buying is located in one of Bungay's conservation areas.
Conveyancing - Selling a property in Bungay
Conveyancing for a sale of a house or flat is normally less troublesome than when purchasing. The buyer's conveyancer needs to carry out extensive research on your home. In contrast, conveyancing solicitors in Bungay acting for the vendor effectively just replies to the solicitor's standard and additional enquiries.
What could go wrong?
A home will often come with a series of legal issues (e.g. a solar panel 'rent a roof' scheme or parking issues or disputes) that might threaten the completion of the conveyancing process.
It is usually a good idea for vendors to tackle these issues head on.
- Dispute with a freeholder? What to do before selling your home
- The Essential Conveyancing Guide for Sellers in 2018
- Selling a Green Deal property? What you need to know
Read more helpful advice for sellers here.
Leasehold conveyancing for a sale
The legal work for a leasehold flat (leasehold houses are rare) is a great deal more technical than for a more straightforward freehold house.
Bungay conveyancing solicitors will also perform extra work. This can involve requesting all relevant freeholder information, through to details of any deed of variation.
To help mitigate the delays involved in selling a leasehold house or flat, it is recommended that you instruct a conveyancer as soon as is practicable.
Can your conveyancing solicitors act for both the buyer and the seller of the same property?
Conveyancers regulated by the Council for Licenced Conveyancers can act for both the buyer and the seller. However, SRA regulations restrict the same conveyancing solicitor from working on behalf of both sides in a property sale and purchase.
If you are buying or selling a property in Bungay, and we are doing the legal work for the other side, you may want to instruct a property solicitor firm in Bungay to undertake your legal work.
Local Bungay conveyancing solicitor directory
- Allens Cadge & Gilbert Ltd, Cadge & Gilbert, 8 Earsham Street, Bungay, Suffolk, NR35 1AG
- Sprake & Kingsley, 16 Broad Street, Bungay, Suffolk, NR35 1EN
Conveyancing - Remortgaging a property in Bungay
Securing a lower interest rate is generally why people opt to remortgage. There are other reasons, for example wanting to borrow more, or the existing lender having refused a payment holiday.
A proactive conveyancing solicitor in Bungay can reduce the remortgage processing time, helping you get onto the lower rate earlier. With the base rate set at 0.5% (May 2018), fast conveyancing can be a crucial factor in getting on to the rate you want.
It is vital that the property lawyer handling your remortgage can act on behalf of your preferred mortgage provider. Our conveyancers are on the panel for all major lenders. So no matter whether you are moving to a 95% mortgage with the Royal Bank of Scotland or to a fixed-rate mortgage with the Monmouthshire Building Society, we can assist.
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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