Updated: October 12, 2018

Carterton conveyancing solicitor fees

No Move, No Fee conveyancing in Carterton

Conveyancing solicitor fees will be paid conveyancing solicitors in Carterton for the legal work for a home sale or purchase.

Are Carterton conveyancing fees and costs fixed?

Quittance's conveyancing solicitors work on fixed legal fees (known as 'No Sale, No Fee' or 'No Move, No Fee') with no hidden fees, unlike some other conveyancing solicitors in Carterton who offer services on a fees per hour basis. Your quote will explain what you will pay when your property transaction has completed.

What are disbursements?

In addition to the legal fees you will also need to budget for 'disbursements'.

Disbursements are the third-party costs that your conveyancer will pass on to you at the end of the conveyancing process, such as managing agent information or bankruptcy searches.

See: A guide to conveyancing fees, costs and disbursements

How much will the total conveyancing fees in Carterton cost?

Conveyancing solicitor fees in Carterton will be the same as anywhere else in the country. However, there may be some variation in certain disbursements. As examples, additional region-specific searches, e.g. a mining search, may be needed and Local Authority Search fees can vary.

There are no hidden costs or nasty surprises with Quittance Conveyancing. For a standard sale or purchase, what we quote is the fee you pay. To calculate the conveyancing fees for your move, try our conveyancing fees quote calculator: Click here

Quittance's conveyancing fees were substantially lower than the average solicitors' fees, and their service was first-rate

Conveyancing - Buying a property in Carterton

Recent changes to the law mean that a seller should disclose defects or disputes.

It is, however, still the duty of the Carterton conveyancing solicitor to investigate the property, and make their "report on title", deal with any legal issues and register the title in the new owner's name.

This article considers elements of the legal process for conveyancing solicitors in Carterton necessitating specialist legal knowledge.

Your Carterton conveyancing solicitor must be lender-approved

Homebuyers have a wide selection of lenders available, from a niche lender like Pepper Money, to a major lender such as the Royal Bank of Scotland (RBS). Before appointing a Carterton conveyancing solicitor, whoever you choose, you must confirm that they can act in the interests of your lender.

Many banks and building societies only accept a restricted panel of legal practices that meet stringent criteria. If a solicitor is not on the panel of your lender, the lender will require a second solicitor firm to carry out the legal work.

The borrower will then have to cover this second lawyer's costs, and weeks could be added to the conveyancing process.

Your property transaction could be put at risk by failing to check your conveyancer's lender panel status.

Our conveyancing solicitors can carry out the legal work for all major and minor mortgage lenders.

Property Searches (West Oxfordshire Council)

Residential property searches are applied for by Carterton conveyancing solicitors in order to identify issues that might have an impact on how much the property you intend to buy is worth. They include:

  • Local Authority (LA) search - exposes issues like road schemes that could affect the property
  • Environmental search - identifies risks within 500 metres of the property, including flooding subsidence. The search will also reveal nearby landfill sites and contaminated land.
  • Drainage & Water search - identifies whether the owner or local authority must pay for the maintenance of water mains and sewers
  • Chancel repair liability - involves the potential liability owed by the owners of certain property to pay for local parish church repairs. Insurance can be arranged to cover this risk.

Purchasers will be told if your chosen lender requires any additional searches, e.g. a highways authority search or a contaminated land report.

The estimated lead time for conveyancing searches from West Oxfordshire Council is 10 weeks, so faster personal (as opposed to official) searches will be recommended.

Planning searches

The buyer's conveyancing solicitor will also order an 'Official Copy of the Title Register' from the Land Registry, assisting with the identification of any potential issues, for example rights or restrictions on how the property may be used or a difference between the agent's floorplan and the title plan.

West Oxfordshire Council Council Tax

Council tax is calculated by West Oxfordshire Council on property value and the number of people living in the property. For instance for an average Valuation Band B home in Carterton, the amount due would be £1,389 per year.

Carterton conveyancing solicitors will inform a buyer of the home's council tax band once they have the Local Authority search results.

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 £1,042.

Other discounts and exemptions could also apply, e.g. if the property is uninhabited (for the first 60 days) or where the property was left empty by a bankrupt person.

Band West Oxfordshire Council Tax (2018)
A £1,191
B £1,389
C £1,588
D £1,786
E £2,183
F £2,580
G £2,977
H £3,572

Could you be overpaying?

A homeowner can apply for their property to be reassessed, and if the valuation is revised down, they may receive a refund. To challenge your banding contact:

Valuation Office Agency
4400 Nash Court
John Smith Drive
Oxford
OX4 2RU
Oxfordshire

Stamp Duty on Carterton properties

The buyer (rather than the seller) will have to pay SDLT on the purchase price of the house if it exceeds £125,000. Given the complexity of the SDLT1 tax return form, only the adventurous would attempt to complete and file this with HM Revenue & Customs without a conveyancing solicitor's help.

Quittance Conveyancing will complete the SDLT1 form for you at the point your purchase completes.

The following table illustrates SDLT examples for properties in Oxfordshire:

  Average selling price (February 2018) Stamp Duty
Average price £439,093 £11,954.65
Average price (detached) £587,760 £19,388.00
Average new build £473,250 £13,662.50
Higher rates of SDLT apply to buyers of second property in the form of a stamp duty surcharge of 3%. Following the example above, if a homeowner bought a second home in Carterton for the average price of £439,093 the SDLT would be £35,127.44.

Stamp duty relief for first-time buyers in Carterton

Since 11/17, first-time buyers only need to pay stamp duty on properties valued over £300,000.

Conveyancing solicitors in Carterton will ensure an accurate calculation is made.

Buying a flat? Leasehold conveyancing in Carterton

New build site

The risks of purchasing a leasehold property should be a worry for leasehold property purchasers. Increasing ground rents, restrictions on the use of the property and excessive freehold premiums are among the many traps lying in wait for an uninformed buyer.

Serious financial ramifications can result from a less-experienced property lawyer's inaccurate leasehold advice.

A good conveyancing solicitor in Carterton will consider potential leasehold issues, for example service charges, ground rents and buildings insurance arrangements, share of freehold complexity and managing agent practices.

Make sure that you are aware of all the potential issues and costs associated with the lease thanks to our leasehold conveyancing solicitor team.

Buying a 'New Build' property in Carterton?

House being built

The average purchase price of Carterton new build homes is £406,101. 83 new build properties have been bought in Carterton in 2018 so far.

Purchasing a new build is frequently more involved than other types of conveyancing. To prevent difficulties arising a Carterton conveyancing solicitor should be aware of local considerations and must look into numerous things, e.g. dealing with fast exchange timeframes and verifying rights of easements.

With our new build team, you will get an independent appraisal of the legal title of the house or apartment, scrutinising contract factors ranging from the home's subsequent marketability to possible freehold acquisition traps.

Conservation areas in Oxfordshire

Your conveyancing solicitor will confirm whether the property you are planning to buy is in one of Carterton's conservation areas. If it is, the home will be affected by certain conditions. These conditions, called Article 4 Directions, may include:

  • Restrictions on door and window styles
  • Restrictions preventing paving over the front garden
  • A prohibition on extensions (even if within Permitted Development rights)

The local authority can order any non-compliant alterations to a property to be changed or removed, such as removing a flue.

Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Carterton.

Conveyancing - Selling a property in Carterton

The legal side of a house sale is much simpler than for a purchase. When property changes hands, the responsibility is on the buyer to determine whether the property they are buying is not legally defective.

Conversely, with a sale, conveyancing solicitors in Carterton acting for the person selling need only respond to the buyer's solicitor's formal enquiries.

What can sellers do to reduce the risk of an abortive sale?

Obstacles, such as excessive service charges or not being connected to the main sewers, can easily derail the conveyancing process.

In general, you should face any such problems head on and fix them.

Recommended reading:

Read more sale conveyancing articles here.

Leasehold

The legal work for a leasehold property is much more time-consuming than for a freehold property.

Carterton conveyancing solicitors will also perform extra work, such as obtaining all relevant freeholder information, through to details of the length of leases of other flats in the block.

It is highly recommended that the vendor contact a solicitor as soon as the property is marketed, if not before, to reduce the impact of any leasehold-caused problems.

Can your conveyancing solicitors act for the buyer and the seller in one transaction?

Solicitors Regulation Authority (SRA) rules restrict the same conveyancing solicitor from working on behalf of both sides in a house sale. A CLC-regulated conveyancer, however, can act for both parties.

If you are buying or selling a home in Carterton, and we are acting for the other side, you can contact a local Carterton conveyancing solicitor firm to carry out your legal work.

Local Carterton conveyancing solicitor directory

  • Echelon Law Limited, 5 The Clock House, Brize Norton Road, Carterton, Oxfordshire, OX18 3HN

Conveyancing - Remortgaging a property in Carterton

Although there are many reasons to remortgage, homeowners generally remortgage a home to lower their monthly repayments.

A good conveyancing solicitor in Carterton will complete the conveyancing quickly, helping you get onto the lower rate earlier. With the base rate set at 0.5% (May 2018), fast conveyancing can be a key consideration when securing your preferred rate.

The property lawyer handling the remortgage must also be able to act on behalf of the new lender. Our conveyancers are on the panel for all major UK lenders. So whether you are moving to a 95% mortgage with Santander or to a long-term fixed mortgage with Birmingham Midshires, we can assist.

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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