Updated: October 12, 2018

Edgware conveyancing solicitor fees

No Move, No Fee conveyancing in Edgware

Conveyancing solicitor fees will be paid your Edgware conveyancing solicitor for handling the legal work for your move.

How are Edgware conveyancing fees calculated?

Some conveyancing solicitors in Edgware work on a cost per hour basis, while other property lawyers will work for a fixed fee (known as 'No Move, No Fee'). Our conveyancing solicitors work on a No Sale, No Fee basis, with no unexpected, additional costs. Your quote sets out what you will pay when your property transaction has completed.

Are there any other costs?

You will have to pay any 'disbursements', on top of the conveyancing fees.

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 office copies and title plans.

See: How much should conveyancing fees cost?

How much will the total Edgware solicitor conveyancing fees be?

Conveyancing fees in Edgware will be the same as anywhere else in the country. However, the costs of certain disbursements can vary. As examples, specific extra searches, e.g. a flooding search, may be necessary and Local Authority Search fees can vary.

There are no hidden costs or surprises to be paid with Quittance Conveyancing. For a standard sale or purchase, what we quote is the fee you pay. To calculate your conveyancing fees, 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 Edgware

There is now an obligation on a seller to disclose any property defects or disputes.

That said, it remains the responsibility of a conveyancing solicitor in Edgware to make enquiries about the property, make their "report on title", deal with any legal issues and confirm that the Land Registry's record of the property is updated.

The content below examines those parts of the legal process for conveyancing solicitors in Edgware where specialist conveyancing skills may be important.

Your Edgware conveyancing solicitor must be lender-approved

Before selecting a Edgware conveyancing solicitor, it is paramount that you confirm that they can act in the interests of your lender, whether you are obtaining a mortgage from GE Money Home Lending, Britannia or any other lender.

Most lenders will only work with a restricted panel of legal firms that meet stringent criteria. If your conveyancer cannot act for your lender, the lender will likely need a different law firm to complete the legal work.

The buyer will then have to cover this alternate lawyer's fees and the conveyancing process could take much longer.

The conveyancing process can be seriously delayed if you fail to confirm your conveyancer's lender panel status.

Our solicitors can act on behalf of all banks and building societies.

Conveyancing Searches (Barnet Borough Council)

Property searches are submitted by Edgware conveyancing solicitors to identify planning, development and environmental issues that might potentially undermine how much the property you are purchasing will be worth. They include:

  • Local Authority search - includes the LLC1 and CON29 which includes rail schemes
  • Drainage & Water search - identifies water mains and sewers. This search also addresses whether the maintenance for these is the owner's responsibility.
  • Environmental search - covers environmental issues within 500m of the property, including flooding, mining subsidence and the proximity of landfill and contaminated land sites.
  • Chancel repair liability - there is a risk that some Edgware properties owe a liability to the local parish to pay for church repairs. Insurance can be taken out to protect against this liability.

You will be notified if your chosen lender wants any further searches, e.g. a more detailed flood report or a geological search.

The London Borough of Barnet has a usual processing time of 15 weeks for Local Authority searches, so faster personal searches will be recommended.

Checking planning permission status

Your conveyancing solicitor will get an Official Copy of the Title Register from HMLR. This will help to expose planning issues. These issues could include outbuildings lying outside the boundary or that a restrictive covenant has been breached.

London Borough of Barnet Council Tax

London Borough of Barnet calculate your council tax based on various factors including the number of occupants aged over 18 and the assessed value of the property in April 1991. For instance for an average Band C residential property in Edgware, the amount due would be £1,319.

Conveyancing solicitors in Edgware will inform a purchaser of the home'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 £989.

Other discounts and exemptions may also apply, for example unoccupied properties undergoing major repairs or structural changes or where the property is uninhabitable.

Band London Borough of Barnet Tax (2018)
A £989
B £1,154
C £1,319
D £1,484
E £1,813
F £2,143
G £2,473
H £2,967

Is your new home in the wrong band?

To challenge your banding contact:

Valuation Office Agency
3rd Floor Aspect Gate 166 College Rd
Harrow
HA1 1BH

In the 2016/17 financial year, 40 council tax challenges were made, and 20 were upheld and refunds awarded.

Stamp Duty on Edgware properties

Obtaining and completing the SDLT1 return from HMRC is difficult but not impossible for a typical buyer. Usually, however, the form is completed by the conveyancing solicitor to avoid penalties or delays.

If you are buying a residential property in England, Wales or Northern Ireland then you will usually need to pay SDLT.

With Quittance you have the peace of mind that the SDLT1 return is completed correctly and quickly when your purchase completes.

The following table illustrates stamp duty examples for typical properties in Edgware:

  Average selling price (2017) Stamp Duty
Average price £512,728 £15,636.40
Average price (detached) £868,672 £33,433.60
Average new build £658,292 £22,914.60
If you are buying a second home for more than £40,000 then you will have to pay a 3% stamp duty surcharge. Following the example above, if a homeowner bought a second property in Edgware for the average price of £512,728 the SDLT would be £41,018.24.

Stamp duty relief for first-time buyers in Edgware

As from November 2017, first-time buyers will not have to pay any stamp duty if the purchase price is below £300,000.

Edgware conveyancing solicitors should confirm the right amount is calculated.

Buying a flat? Leasehold conveyancing in Edgware

New build site

Data suggests that over 100,000 homeowners in England are trapped in leases with problematic lease terms. The many potential problems awaiting the unsuspecting purchaser can include sinking fund issues and ground rent multipliers.

Severe consequences can result from an inexperienced solicitor's failure to give good leasehold advice.

If you are planning to purchase a leasehold home, a expert conveyancing solicitor in Edgware will investigate aspects of the leasehold purchase, including reviewing the lease itself (some documents can be centuries old), managing agent practices and service charge records from the last three years.

Quittance Conveyancing's specialist leasehold conveyancing solicitors will work to ensure that you are aware of all the potential issues and costs associated with the lease.

Buying a 'New Build' property in Edgware?

Building site

The average price for new build property in Edgware is £658,292, (source: HM Land Registry). 18 brand new properties were purchased in Edgware last year.

A new-build conveyancing solicitor in Edgware will need to be aware of both local Edgware issues as well as the specific issues associated with new build, like confirming Section 38 agreements and ensuring that new build mortgage conditions are met.

Our highly qualified team of conveyancers are specialists in representing buyers to achieve the best outcome and working to tight developer deadlines.

London Conservation areas

When carrying out the legal work for a home in Edgware, a conveyancing solicitor will confirm whether the property is in a conservation area in Edgware. If it is, the property will be affected by specific conditions. These conditions may include restrictions on VELUX windows, restrictions on the addition of flues and soil vent pipes or restrictions on side or 2 storey extensions.

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

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

Conveyancing - Selling a property in Edgware

The legal process for a house sale is simpler than when purchasing. When buying, the principle of 'buyer beware' means that the onus is on the buyer to confirm that the home they are buying can be mortgaged and is free from legal issues.

Conversely, when selling, conveyancing solicitors in Edgware acting for the seller only need to answer the buyer's solicitor's questions.

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

Common obstacles, like being a listed building with non-compliant alterations or a problem with the roof, can slow or frustrate the sale process if not handled appropriately.

Property specialists will usually advise that vendors handle any such problems as soon as they come to light.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold flats

The conveyancing process for a leasehold flat or house is a great deal more technical than it is for a freehold home.

Leasehold complexity involves additional tasks on the part of conveyancing solicitors in Edgware, which could include collating all relevant freeholder information or a common parts fire risk assessment.

Sellers should seriously consider instructing a conveyancer as soon as possible, and preferably before going on the market, to reduce delays associated with leasehold property and, in particular, dealing with managing agents.

What if you are already acting for the other side?

SRA rules ban the same conveyancing solicitor from acting on both sides in a property sale and purchase. CLC-regulated conveyancers, however, can act for both parties.

If you are buying or selling a Edgware property, and a Quittance conveyancing solicitor is carrying out the legal work for the other side, you can contact a local Edgware conveyancing solicitor firm to carry out your legal work.

Local Edgware conveyancing solicitor directory

  • Maurice Hackenbroch & Co Limited, 297 Hale Lane, Edgware, Middlesex, HA8 7AX
  • Verdant Solicitors, 309 Hale Lane, Edgware, Middlesex, HA8 7AX
  • Moerans Solicitors, 123 Station Road, Edgware, Middlesex, HA8 7JR
  • Epoq Legal Ltd, Middlesex House, 29-45 High Street, Edgware, Middlesex, HA8 7UU
  • Lewis & Co Solicitors Limited, Aprirose House, High Street, Edgware, HA8 7EQ

Conveyancing - Remortgaging a property in Edgware

Whilst homeowners consider remortgaging for a range of reasons, people generally remortgage their home to save money with a lower rate.

An efficient conveyancing solicitor in Edgware will complete the conveyancing quickly, helping you get onto the lower rate earlier. With the Bank of England base rate now at 0.5% (May 2018), fast conveyancing can be a critical factor in securing the rate you want.

The property lawyer will need to act for both you and your new bank or building society to make sure the lender's interests are safeguarded.

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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