Updated: October 12, 2018

Coulsdon conveyancing solicitor fees

No Move, No Fee conveyancing in Coulsdon

Conveyancing solicitor fees will be paid to conveyancing solicitors in Coulsdon for the legal work associated with buying or selling a property.

Are Coulsdon conveyancing fees and costs fixed?

Our solicitors work on a fixed No Move, No Fee basis with no unexpected, additional costs, unlike some other conveyancing solicitors in Coulsdon who offer services on a price per hour basis. Your quote will set out what fees you will need to pay when your house or flat sale completes.

Are there any other costs?

On top of the conveyancing fees you will also have to cover any 'disbursements'.

Disbursements are the third-party costs that your conveyancer will pass on to you at the end of the conveyancing process. These include costs like Land Registry fees or indemnity insurance.

See: A guide to all conveyancing fees

How much will the total conveyancing fees in Coulsdon cost?

Coulsdon conveyancing fees should be the same as anywhere else in the UK. However, the costs of certain disbursements can vary. For example, additional region-specific searches, such as a Coal Authority search, may be needed and council search fees will vary.

For a standard sale or purchase, the conveyancing fee we quote is the fee you pay. With Quittance Conveyancing, there are absolutely no hidden costs. To calculate your conveyancing fees, try our conveyancing fees quote calculator: Click here

Quittance's conveyancing fees were considerably cheaper than the average solicitors' fees

Conveyancing - Buying a property in Coulsdon

The conveyancing for the purchase of a house or flat requires a Coulsdon conveyancing solicitor to consider a wide range of issues. Examples of such issues can range from defective property title (e.g. grant of reservation of rights) to historic flooding affecting the future saleability of the property.

The property lawyer will report their findings back to the buyer and their mortgage lender, solve outstanding issues and confirm that the legal title passes to the new owner.

The content below examines the types of residential property that involve additional hazards for homebuyers who want conveyancing solicitors in Coulsdon.

Your Coulsdon conveyancing solicitor must be lender-approved

There are a wide range of mortgage providers, from a large lender such as Britannia, to a less common mortgage lender like Scottish Widows. Before you choose a Coulsdon conveyancing solicitor, it is essential that you check that they are on the approved panel of your lender.

Your lawyer may be unable to act for your lender, because some banks and building societies are only happy to work with a restricted panel of firms.

If that is the case, the lender will probably need an alternative law firm to act in their interests, and you will be expected to pay this alternative solicitor's fees. This can frustrate or delay the process.

Failing to check your conveyancer's lender panel status could mean significant delays.

Quittance Conveyancing can act on behalf of all mortgage providers.

Searches (Croydon Borough Council)

Residential property searches are carried out by Coulsdon conveyancing solicitors to unearth issues that might affect how much the property you are buying will be worth.

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

More specific searches, such as an HS2 search or a more detailed environmental report, may also be referred to in the standard searches.

The typical turnaround time for searches provided by The London Borough of Croydon is 6 weeks, so your conveyancer will instead use a quicker local search agent.

Planning searches

Official Entries will also be obtained from HMLR by the buyer's conveyancing solicitor. This will help to reveal any potential issues. Examples of these include the breach of a restrictive covenant or a difference between the agent's floorplan and the title plan.

London Borough of Croydon Council Tax

Council tax is calculated by London Borough of Croydon on property value and the number of people living in the property. For example, for an average Tax Band D property in Coulsdon, the council tax payable would be £1,637.

A conveyancing solicitor in Coulsdon will inform the purchaser of the property's tax band as soon as they are made aware.

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 £1,228.

Other discounts and exemptions may also apply, e.g. if the property is uninhabited (for the first 60 days) or if the resident is living in long term residential care. The Valuation Office Agency assess bands for newly-built homes, and where the owner has requested a revaluation.

Band London Borough of Croydon Tax (2018)
A £1,091
B £1,273
C £1,455
D £1,637
E £2,001
F £2,365
G £2,728
H £3,274

Can I lower my band?

A homeowner can apply for their property to be reassessed. The band could be revised up as well as down. Contact the VOA for more information on how to challenge your tax band:

Valuation Office Agency
First Floor
Warwick House
67 Station Rd
Redhill
RH1 1DL
Surrey

Stamp Duty on Coulsdon properties

Delays and penalties await those who mishandle the stamp duty administration process.

The vast majority of people will have their conveyancing solicitor complete the SDLT1 return on their behalf.

SDLT is a percentage of the purchase price of a property paid by the buyer to HMRC. It is due on properties bought for over £125k.

Penalties for errors or late filing of the SDLT1 form can be as high as 30%. Quittance use integrated case management system to ensure that SDLT is paid immediately after completion.

The following table illustrates Stamp Duty Land Tax examples for typical properties in Coulsdon:

  Average selling price (2017) Stamp Duty Land Tax
Average price £484,472 £14,223.60
Average price (detached) £644,618 £22,230.90
Average new build £562,795 £18,139.75

Stamp duty relief for first-time buyers in Coulsdon

Since the budget announcement in Nov 2017, if you are a first-time buyer, you only pay stamp duty on property valued at over £300,000 with relief up to £500,000 in some areas. If you own another property , anywhere in the world you will be subject to a higher rate of 3%. Therefore, if a homeowner in Coulsdon bought a second home for the average price of £484,472 the SDLT would be £38,757.76.

Coulsdon conveyancing solicitors should ensure the right amount is calculated.

Buying a flat? Leasehold conveyancing in Coulsdon

New build site

It is risky to purchase a leasehold property without being aware of the facts. The many potential traps lying in wait for an uninformed purchaser include reversionary interests, overpriced managing agent packs and ground rent multipliers.

Serious consequences can result from a solicitor's bad leasehold advice.

A good conveyancing solicitor in Coulsdon will consider possible leasehold issues, e.g. sinking funds, ground rents and service charges and reviewing the lease itself (leases can be 10's or even 100's of years old).

Ensure that you are fully-informed regarding your decision to buy a leasehold property with Quittance Conveyancing's leasehold conveyancing solicitors.

Buying a 'New Build' property in Coulsdon?

House being built

Based on data collated by Her Majesty's Land Registry, 85 new build houses and flats were purchased in Coulsdon last year. The average sale price of a new build in Coulsdon is £562,795.

Buying a new build requires more technical knowledge than 'standard conveyancing'. To prevent difficulties arising a conveyancing solicitor in Coulsdon should be conscious of local issues and will consider a range of issues, such as handling unreasonable delays and administering Help to Buy purchases.

Our specialist team of new build conveyancers deliver an impartial view of the legal title of the property, whilst being mindful of factors ranging from the home's subsequent marketability to potential freehold acquisition traps.

Conservation areas in London

Your conveyancing solicitor will need to check whether the house you are going to buy is in one of Coulsdon's conservation areas. If it is, the property could be affected by certain building controls. These constraints, called Article 4 Directions, can include restrictions on door and window styles, restrictions on hard standings at the front of the property or limitations on new outbuildings.

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

Your conveyancing solicitor will confirm whether the property you are buying is located in one of Coulsdon's conservation areas.

Conveyancing - Selling a property in Coulsdon

The conveyancing process on a property sale is normally less troublesome than for a property purchase. When a house or flat changes hands, the burden is on the buyer to establish that the property's title is mortgageable and is (or can be) registered at the Land Registry.

On the other side of the transaction, conveyancing solicitors in Coulsdon acting for the person selling for the most part just answer the buyer's questions.

What measures can you take to minimise the risk of your sale falling through?

Frequently occurring issues, such as not being connected to the main sewers, could jeopardise the sale process if ignored.

In general, it is recommended for sellers to address any such problems immediately.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold

The legal work for a leasehold flat is much more involved than it is for a freehold home.

The complexities of leasehold mean conveyancing solicitors in Coulsdon will need to conduct additional work, including requesting the latest service charge and ground rent statement, through to a copy of the building's asbestos survey (if required).

Estate agents are right to recommend that sellers contact a conveyancer as soon as possible to help mitigate leasehold delays.

Can Quittance conveyancers act for the buyer and the vendor in one transaction?

Solicitors Regulation Authority rules prevent a single conveyancing solicitor from acting on both sides in a house sale. A conveyancer who is regulated by the CLC, however, can act for both parties.

If you are buying or selling a house or flat in Coulsdon, and a Quittance conveyancing solicitor is doing the legal work for the other side, you could contact a local Coulsdon conveyancing solicitor firm to handle your legal work.

Local Coulsdon conveyancing solicitor directory

  • McMillan Williams, M W House, 41 Chipstead Valley Road, Coulsdon, Surrey, CR5 2RB
  • Mcmillan Williams Solicitors Limited, 180 Brighton Road, Coulsdon, Surrey, CR5 2NF
  • Rowe Radcliffe, 139 Brighton Road, Coulsdon, Surrey, CR5 2NJ

Conveyancing - Remortgaging a property in Coulsdon

Reducing monthly repayments by finding a lower rate is primarily why homeowners opt to remortgage. There are other reasons, such as getting on to a new fixed-rate deal, or funding a one-off purchase.

You can enjoy the benefits of a better rate earlier by using a more proactive conveyancing solicitor in Coulsdon, minimising the time taken to complete the conveyancing. With the Bank of England base rate now at 0.5% (May 2018), fast conveyancing can be a contributing factor to getting on to the rate you want.

It is important that the property lawyer handling your remortgage can act on behalf of your preferred mortgage provider. Our conveyancing team are on the panel for all major lenders, so no matter whether you are changing to a fixed-rate mortgage with the Halifax or to a discounted-rate mortgage with the Darlington Building Society, Quittance can help.

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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