Updated: October 12, 2018

Chigwell conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Chigwell

Conveyancing solicitor fees will be paid to conveyancing solicitors in Chigwell for the legal work involved in moving home.

How are Chigwell conveyancing fees calculated?

Some conveyancing solicitors in Chigwell carry out the legal work on an hourly-rate basis, and other firms will work for a fixed fee ('No Move, No Fee'). Our conveyancers work on a No Sale, No Fee basis, with no nasty surprises in the small print. Your conveyancing quote explains exactly what you will need to pay when your sale or purchase completes.

Are there any other costs?

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 bankruptcy searches or indemnity insurance.

See: A guide to conveyancing fees, costs and disbursements

How much will the total conveyancing fees in Chigwell cost?

While conveyancing fees in Chigwell will be the same as anywhere else in the UK, the disbursements required can vary. As examples, specific extra searches, e.g. transport searches, may be necessary and Local Authority (LA) Search fees will vary.

There are no hidden fees or costs to be paid with Quittance Conveyancing. For a standard sale or purchase, the fees we quote are the fees you pay. Calculate the conveyancing fees for your move, with our conveyancing fees 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 Chigwell

There is now an obligation on a seller to disclose any property defects or disputes to their estate agent and to the purchaser.

It remains, however, the duty of a conveyancing solicitor in Chigwell to investigate the property, so that they can report back to the purchaser and the mortgage lender (if applicable), assist in resolving any issues and make sure that the title is registered in the name of the new buyer.

This part of the article offers assistance for people who need conveyancing solicitors in Chigwell for a purchase.

Your Chigwell conveyancing solicitor must be lender-approved

Homebuyers can select from a wide range of mortgage providers, from a large lender such as Virgin Money, to a less common mortgage lender like the Leeds Building Society. Before you instruct a conveyancing solicitor in Chigwell, it is critical that you make sure that they can represent your lender.

Most banks and building societies are only happy to work with a selected list (their 'panel') of firms that match certain criteria. If your conveyancer can't act for your lender, the lender will probably need an alternative solicitor firm to complete the legal work.

The home buyer will then have to cover this alternate solicitor's costs, and the conveyancing process can take much longer.

Serious delays can result from failing to confirm your conveyancing solicitor's lender panel status.

Our conveyancing solicitors are approved to act for all lenders.

Conveyancing Searches (Epping Forest District Council)

Searches are enquiries made of public bodies by Chigwell conveyancing solicitors to give details about your planned purchase.

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

Your lawyer will notify you if your chosen lender needs any further searches, such as a highways search or a disadvantaged area search.

Epping Forest District Council has a usual turnaround time of 22 weeks for Residential property searches, so personal (as opposed to official) searches will be faster.

Planning searches

Your conveyancing solicitor also obtains the Title Register from the Land Registry, helping to evidence any issues. These issues could include rights or restrictions on how the property may be used or outbuildings lying outside the boundary.

Epping Forest District Council Council Tax

Epping Forest District Council calculate your council tax based on a number of criteria e.g. the location of the property and the value of the property as determined by the VOA in 1991. E.g. for an average Band E house in Chigwell, the amount payable would be £2,052.

Conveyancing solicitors in Chigwell will inform a purchaser of the property's tax 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 £1,539.

Other discounts and exemptions could also apply, e.g. if the property is uninhabited (for the first 60 days) or for foreign language students. The Valuation Office Agency (VOA) work out council tax bands for newly-built homes, and where the owner has requested a revaluation.

Band Epping Forest District Council Tax (2018)
A £1,119
B £1,306
C £1,492
D £1,679
E £2,052
F £2,425
G £2,798
H £3,357

Can I dispute my council tax rate?

Contact the VOA for more information on how to challenge your tax band:

Valuation Office Agency
10th Floor
Crown House
Linton Rd
Barking
IG11 8HJ
Essex

A property owner can also ask for their property to be reassessed. The band could be revised up as well as down.

Stamp Duty on Chigwell properties

Filling in the SDLT1 form yourself is quite involved and not for the inexperienced.

SDLT is a tax payable on all UK properties where the purchase price exceeds £125,000 (£145,000 in Scotland).

HMRC complications are avoided using the latest case management system.

See stamp duty examples for properties in Chigwell:

  Average sale price (2017) Stamp Duty
Average price £631,983 £21,599.15
Average price (detached) £1,253,500 £69,100.00
Average new build £579,259 £18,962.95

Stamp duty relief for first-time buyers in Chigwell

As from Nov 2017, first-time buyers will not have to pay any stamp duty if the purchase price is below £300k. If you are buying a second home for more than £40,000 then you will have to pay a higher SDLT rate of 3%. Therefore, if a homeowner in Chigwell bought a second property for the average price of £631,983 the SDLT would be £50,558.64.

Conveyancing solicitors in Chigwell will confirm the correct calculation is made.

Buying a flat? Leasehold conveyancing in Chigwell

New build site

Purchasing a leasehold property without understanding the implications is not recommended. There are numerous technical issues that could be awaiting the unsuspecting purchaser, such as:

  • costly and undisclosed major works
  • sub-letting restrictions
  • excessive freehold premiums
  • ground rent multipliers
Poor leasehold guidance, from an inexperienced conveyancer, could have costly, long-term consequences.

A expert conveyancing solicitor in Chigwell will consider possible leasehold issues, including :

  • reviewing the lease itself (many leases are decades old)
  • any recent demands for service charges and ground rent
  • absent freeholders
  • residents? management company
  • notices served on the freeholder

Make sure that you are aware of all the potential issues and costs associated with the lease with Quittance Conveyancing's team of leasehold conveyancing solicitors.

Buying a 'New Build' property in Chigwell?

New build building site

Based on Land Registry data, 83 new builds were purchased in Chigwell last year. The average sale price of a new build property in Chigwell is £579,259.

Purchasing a new build is generally more complex than 'standard conveyancing'. To prevent difficulties arising a Chigwell conveyancing solicitor must be aware of local factors and will examine a number of areas, including liaising with the builder's onsite sales team and ensuring that the contract is in the buyer's favour.

Our expert new build team provide an accurate and truly independent assessment of the property's legal status, and in particular issues like the home's subsequent mortgageability and an assessment of other risks, such as regional infrastructure plans (e.g. HS2).

Essex Conservation areas

When carrying out the conveyancing for a purchase in Chigwell, a conveyancing solicitor will check if the home is in a conservation area in Chigwell. If it is, the home is affected by conditions. Referred to as Article 4 directions, these conditions may include a range of factors from restrictions on VELUX windows, to restrictions on hard standings at the front of the property.

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.

Your conveyancing solicitor will address whether your planned purchase is located one of Chigwell's conservation areas.

Conveyancing - Selling a property in Chigwell

The legal work involved in a sale of a home usually requires less work than for a purchase. For a house purchase, caveat-emptor' means that the onus lies entirely with the buyer to verify that the home they are buying is mortgageable and free from legal issues.

In contrast, for a sale, conveyancing solicitors in Chigwell acting for the seller for the most part just answer questions set by the buyer's conveyancing solicitor.

How to minimise the risk of your sale falling through

Obstacles, like Japanese Knotweed, have the capacity to slow or frustrate a transaction if not dealt with promptly.

You shouldn't ignore this, hoping the issue will fix itself - a better course of action will be to speak to an expert and attempt to resolve it ASAP.

Useful reading:

Read more sale conveyancing articles here.

Leasehold conveyancing for a sale

The conveyancing process for a leasehold flat is much more technical than for a freehold property.

Conveyancing solicitors in Chigwell will also perform extra work, which could include obtaining a copy of the lease, through to insurance details.

It is highly recommended that the vendor contacts a leasehold specialist as soon as is practicable to ensure the legal technicalities are handled correctly.

Can your conveyancing solicitors act for the buyer and the vendor in a single transaction?

SRA regulations restrict the same conveyancing solicitor from acting on both sides in a house sale and purchase. However, a CLC-regulated conveyancer, can act for both the buyer and the seller.

You could contact a law firm in Chigwell to carry out your legal work, if one of our conveyancing solicitors is carrying out the legal work for the other side.

Local Chigwell conveyancing solicitor directory

  • Meaby & Co Solicitors LLP, 116 High Road, Chigwell, Essex, IG7 5BJ
  • Taylors Legal Limited, 184 Manor Road, Chigwell, Essex, IG7 5PZ

Conveyancing - Remortgaging a property in Chigwell

Whilst there are many reasons to consider remortgaging, homeowners will generally remortgage to get a better interest rate.

You will typically be able to benefit from a lower rate sooner by using a more proactive conveyancing solicitor in Chigwell. With future interest rate changes hard to predict, fast conveyancing can play a key role in getting on to the rate you want.

To make sure that the interests of the lender are covered, the property lawyer will act for both you and your new lender.

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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