Updated: October 12, 2018

Chard conveyancing solicitor fees

No Move, No Fee conveyancing in Chard

Conveyancing solicitor fees are the charges you pay your Chard conveyancing solicitor for carrying out the legal work for a property transaction.

Do Chard conveyancing solicitors work on a fixed fee basis?

Some conveyancing solicitors in Chard will work on an hourly-rate basis, and other firms will work for a fixed fee ('No Move, No Fee'). We work on a fixed No Move, No Fee basis, with no hidden extras. Your conveyancing quote explains exactly what you will be charged when your property transaction has completed.

Besides conveyancing fees, what other costs are there?

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 leasehold information packs or bankruptcy checks.

See: A guide to conveyancing fees, costs and disbursements

How much will conveyancing in Chard cost in total?

While conveyancing fees in Chard will usually match prices elsewhere in the UK, there may be some variation in certain disbursements. As examples, Local Authority (LA) Search fees will vary and additional region-specific searches, e.g. a flooding search, may be needed.

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

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

Conveyancing - Buying a property in Chard

Caveat emptor (buyer beware), was a fundamental principle of English property law. Following recent changes in the law, this principle no longer applies. However, it remains the duty of a buyer's legal representative to investigate their intended purchase.

The conveyancing solicitor in Chard will offer professional advice after making their enquiries, make practical suggestions and register the title in the new owner's name.

This article discusses the property types which may involve additional risk for buyers who want conveyancing solicitors in Chard.

Your Chard conveyancing solicitor must be lender-approved

Irrespective of whether your mortgage is with a less common mortgage lender like Whistletree or a major lender such as the HSBC, before you instruct a Chard conveyancing solicitor it is critical that you make sure that they can act on behalf of your chosen lender.

Your conveyancer may be unable to act for your chosen lender, because some mortgage lenders will only accept a select panel of law firms that pass strict standards.

If that is the case, the lender will probably require a different firm to complete the legal work, and you will be expected to pay this alternative lawyer's fees. This means the transaction could be delayed.

Failing to confirm the lender panel status of your lawyer can result in significant delays.

Quittance Conveyancing can act for all lenders.

South Somerset District Council searches

Searches are enquiries made by Chard conveyancing solicitors to identify information and potential issues affecting the property being purchased.

These searches include the local authority (LA) search, drainage & water search, environmental search and chancel repair liability.

Homebuyers will be made aware if your chosen lender insists on any additional searches, for example a highways search or a more detailed plan search.

South Somerset District Council has an estimated processing time of 2 weeks for property searches. Faster personal searches (as opposed to official LA searches) will therefore be recommended.

Checking planning permission status

Your conveyancing solicitor also obtains official entries from the Land Registry, helping to identify planning issues. Examples of these include restrictions that limit alterations or discrepancies with the filed plan.

South Somerset District Council Council Tax

As a homeowner in Chard, the applicable rate of council tax will vary depending on the value of the home (as assessed in 1991) and the number of people living in it. E.g. for an average Tax Band E home in Chard, the amount of council tax due would be £2,102 per year.

A conveyancing solicitor in Chard will inform a purchaser of the property's tax band after 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 £1,576.

Other discounts and exemptions may also apply, for example if the property is a second home then a 10% discount will be applied or where the property (land) is a boat mooring or caravan pitch.

Band South Somerset District Council Tax (2018)
A £1,146
B £1,337
C £1,529
D £1,720
E £2,102
F £2,484
G £2,866
H £3,439

Can you challenge the council tax bracket?

The Valuation Office Agency should reassess a property's band on request. Councils prefer that this be done within six months of buying a property. To appeal contact:

Valuation Office Agency
Quantock House
Paul St
Taunton
TA1 3PB
Somerset

Stamp Duty on Chard properties

A homebuyer will usually need to pay stamp duty if the property they are buying is valued at over £125,000. The purchaser's conveyancing solicitor will ensure that the SDLT is correctly calculated and is paid to HMRC. This occurs once the property sale has completed.

Quittance use smart case management systems to ensure that mistakes are not made on the stamp duty process.

See table below for stamp duty examples for properties in Chard:

  Average selling price (2017) SDLT
Average price £239,524 £2,290.48
Average price (detached) £330,500 £6,525.00
Average new build £360,500 £8,025.00

Stamp duty relief for first-time buyers in Chard

Since 11/17, first-time buyers only need to pay stamp duty on properties valued over £300,000. Since 1st April 2016, buyers of second homes are subject to a surcharge of 3%, even if the home is not let out. So if a second property was bought for £239,524 then the stamp duty total will be £11,976.20.

Conveyancing solicitors in Chard should confirm an accurate calculation is made.

Buying a flat? Leasehold conveyancing in Chard

New build site

It can be costly to buy a leasehold property if you are unaware of the implications. Ground rent multipliers, reversionary interests and onerous covenants are among the many common complications awaiting an uninformed buyer.

Serious consequences can result from a less-experienced property lawyer's misguided leasehold advice.

If you intend to purchase a property with a lease, a good conveyancing solicitor in Chard will consider potential leasehold issues, e.g. :

  • reviewing the lease itself (some leases are over 100 years old)
  • reviewing correspondence between the freeholder and leaseholder
  • service charges
  • changes to the terms of the lease
  • missing building regs and planning

Make sure that you are aware of all the potential issues and costs associated with the lease - Contact Quittance Conveyancing's specialist leasehold conveyancing solicitors today on 0800 612 0377.

Buying a 'New Build' property in Chard?

House under construction

Based on local HM Land Registry statistics, 10 newly-constructed homes were purchased in Chard last year. The average value of new build properties in Chard is £360,500.

A new-build conveyancing solicitor in Chard needs to be conscious of regional considerations and the specific issues associated with new build, including dealing with delays associated with off-plan and investigating issues with drains and roads that serve the property.

Our new build team are specialists in helping new build purchasers obtain the best possible terms and meeting short developer deadlines.

Somerset Conservation areas

Whether you are planning to buy a thatched cottage or a Victorian terraced house, if the home is in a conservation area, your plans to alter the home might not be permitted by South Somerset District Council.

These conditions, referred to as Article 4 Directions, can include a wide range of constraints from a prohibition on roof terraces, to restrictions on the addition of flues and soil vent pipes.

The local council can order any non-compliant alterations to a property to be changed or removed.

The local planning authority (LPA) for South Somerset has designated conservation area status on certain areas of Chard. Your conveyancing solicitor will confirm whether the property you are buying is located in one of Chard's conservation areas.

Conveyancing - Selling a property in Chard

The legal process for a property sale is more straightforward than when purchasing. With a purchase, the principle of 'buyer beware' means that the onus is solely on the buyer to satisfy themselves that the home they are buying is legally sound.

When selling, conveyancing solicitors in Chard acting for the person selling effectively just answer questions set by the buyer's conveyancing solicitor.

Why do sales fall through?

A property can be burdened by a broad spectrum of possible difficulties (for example having a defective lease) that might protract or even derail the conveyancing process.

It is best not to procrastinate in the hope that any issues won't be spotted. Get advice and work to resolve it as quickly as possible.

Useful reading:

For more conveyancing advice for sellers click here.

Sale conveyancing for a leasehold property

Conveyancing for a leasehold property is much more protracted than for a freehold house.

The complexities of leasehold mean conveyancing solicitors in Chard will usually undertake additional work, such as collating an up-to-date service charge statement, through to any documentation relating to forfeiture proceedings.

To accelerate the handling of the leasehold work, it is recommended that the seller instructs a leasehold-specialist lawyer as soon as the decision is made to sell.

What if Quittance conveyancers are acting for the other side?

Solicitors Regulation Authority rules restrict the same solicitor from acting on both sides in a property sale. Conveyancers who are regulated by the CLC, however, can act for both sides.

If you are buying or selling a Chard property, and a Quittance solicitor is acting for the other side, you may wish to contact a property solicitor firm in Chard to carry out your conveyancing.

Local Chard conveyancing solicitor directory

  • Berensens LLP, 14 Holyrood Street, Chard, Somerset, TA20 2AH
  • Beviss and Beckingsale LLP, Law Chambers, 21 Holyrood Street, Chard, Somerset, TA20 2AJ
  • Milford & Dormor, 45 Fore Street, Chard, Somerset, TA20 1PT
  • Scott Rowe Limited, 36a Fore Street, Chard, Somerset, TA20 1PT

Conveyancing - Remortgaging a property in Chard

The main reason people remortgage is to benefit from a lower interest rate. There are any number of other reasons to think about remortgaging, for example extending the mortgage term, or moving from a standard variable rate (SVR) to a fixed-rate.

Homeowners should be able to enjoy a better rate sooner with a more proactive conveyancing solicitor in Chard, reducing the time the conveyancing takes to complete. With the base rate now at 0.5% (May 2018), fast conveyancing can be a crucial factor in securing your preferred rate.

A property lawyer will need to act for both you and the bank or building society, in order to ensure the lender's new interest is correctly registered and the lender's investment is secured.

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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