Updated: October 12, 2018

Fareham conveyancing solicitor fees

No Move, No Fee conveyancing in Fareham

Conveyancing solicitor fees are the charges you pay your Fareham conveyancing solicitor for the legal work for a home sale or purchase.

How are Fareham conveyancing fees calculated?

We work on a fixed No Move, No Fee basis with no hidden fees, unlike some other conveyancing solicitors in Fareham who work on an hourly rate. Your quote will explain all fees and disbursements you will need to pay when your property transaction has completed.

Besides conveyancing fees, what other costs are there?

In addition to the solicitor's conveyancing fees you will also have to pay for 'disbursements'.

Disbursements are the costs and expenses a solicitor needs to pay out on behalf of a client. These include costs like bankruptcy checks or telegraphic transfer fees.

See: Complete list of conveyancing fees

How much will conveyancing in Fareham cost in total?

Although conveyancing fees in Fareham will be the same as anywhere else in the UK, there can be variation in the disbursements required. For example, council search fees will vary and specific extra searches, e.g. a flood plain search, may be necessary.

With Quittance Conveyancing, there are absolutely no hidden fees. For a standard sale or purchase, the fees we quote are the fees you pay. Work out the conveyancing fees for your move, with our conveyancing calculator: Click here

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

Conveyancing - Buying a property in Fareham

Caveat emptor, meaning 'let the buyer beware', was a fundamental principle of English property law. Since the repeal of the Property Misdescriptions Act in 2013, this rule no longer applies. However, a purchaser must still undertake due diligence on the property to be purchased.

The conveyancing solicitor in Fareham will offer suggestions and advice following their enquiries, find solutions to outstanding defects and other issues and make sure that the title is registered in the name of the new buyer.

This part of the article gives useful information for homebuyers looking for conveyancing solicitors in Fareham.

Your Fareham conveyancing solicitor must be lender-approved

Before instructing a Fareham conveyancing solicitor, it is vital that you check that they are on the approved panel of your mortgage lender, whether you are getting a mortgage from the Chelsea Building Society, Yorkshire Bank or any other lender.

Your lawyer may not be able to carry out the legal work for your mortgage lender, because some banks and building societies will only work with a selected list (known as a 'panel') of firms.

In this case, the lender will need a second firm to complete the legal work, and you will usually need to pay this second solicitor's fees. Handling paperwork and correspondence with this additional party can delay the process.

Significant delays can arise if you do not check your lawyer's lender panel status.

Our solicitors are on the panel of all banks and other lenders.

Fareham Borough Council searches and other searches

Residential property searches are enquiries made by Fareham conveyancing solicitors to help uncover relevant information about the property being purchased.

Mortgagees almost always need searches (as set out in the CML Handbook) to be obtained. These include:

SearchDescription
Local Authority (LA) searchcovers the details of planning applications, decisions and the enforcement of breaches or violations.
Environmental searchshows risks within 500 metres of the property, such as toxic chemicals in the land
Drainage & Water searchconfirms who is responsible for the upkeep of the water pipes and drainage that serve the property.
Chancel repair liabilityinsurance is arranged to protect the buyer against any liability for local parish church repairs.

Homebuyers will be made aware if your mortgage lender needs any further searches, such as a radon gas search or a ground stability report.

The typical processing time for property searches delivered by Fareham Borough Council is 7 weeks. Your conveyancer will recommend using a faster search agent.

Planning searches

The buyer's conveyancing solicitor will request official entries from HM Land Registry, assisting with the identification of any planning issues, for example outbuildings lying outside the boundary or rights or restrictions on how the property may be used.

Fareham Borough Council Council Tax

Fareham Borough Council calculate council tax on Fareham homes based on the number of occupants and the historic value of the property (as valued at 1 April 1991). For instance the occupier of a Band D house in the Fareham Borough Council area would pay annual council tax of £1,599.

Conveyancing solicitors in Fareham will inform the buyer of the property's band as soon as they are made aware.

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 £1,200.

Other discounts and exemptions may also apply, for example a 10% discount for second homes or if an occupier is an apprentice school leaver or YTS trainee.

Band Fareham Borough Council Tax (2018)
A £1,066
B £1,244
C £1,422
D £1,599
E £1,955
F £2,310
G £2,666
H £3,199

Can I lower my band?

Owners can ask for their property to be reassessed. If the valuation is revised down, they may be entitled to a refund. To challenge your banding contact:

Valuation Office Agency
Overline House
Central Station
Blechynden Terrace
Southampton
SO15 1GW
Hampshire

Stamp Duty on Fareham properties

SDLT is paid to HMRC and the buyer's conveyancing solicitor will ensure that the tax return process is carried out.

Stamp duty will almost always need to be paid if the house being purchased is valued at over £125k.

Quittance Conveyancing use the latest case management integration with HMRC to avoid errors and ensure there are no late-filing penalties.

See examples for Fareham properties:

  Average selling price (2018 to date) Stamp Duty Land Tax
Average price £314,551 £5,727.55
Average price (detached) £462,238 £13,111.90
Average new build £395,000 £9,750.00
Since 1st April 2016, buyers of second homes are subject to a surcharge of 3%, even if the property is not rented out. E.g. if a second home was bought for £314,551 then the stamp duty including the surcharge would be £25,164.08. .

Stamp duty relief for first-time buyers in Fareham

For first-time buyers, stamp duty is only payable on purchases over £300,000.

Fareham conveyancing solicitors should confirm an accurate calculation is made.

Buying a flat? Leasehold conveyancing in Fareham

New build site

It has been recently reported that over 100,000 property owners in the UK have property leases with unreasonable lease clauses. There is a wide range of sometimes obscure legal issues that may be awaiting an uninformed buyer, including:

  • freeholds sold without first refusal to leaseholders
  • undisclosed major works
  • unfair developer practices
  • ground rent multipliers
Serious consequences can result from a less-experienced conveyancer's bad leasehold advice.

If you are planning to buy a leasehold home, a good conveyancing solicitor in Fareham will consider possible leasehold issues, including :

  • reviewing the lease itself (many leases are decades old)
  • absent freeholders
  • any recent demands for service charges and ground rent
  • rights issues

Quittance Conveyancing's leasehold conveyancing solicitor team will make sure that you are fully-informed regarding your decision to buy a leasehold property.

Buying a 'New Build' property in Fareham?

New build building site

The average purchase price of a new build home in Fareham is £395,000. 2 new build homes have been bought in Fareham in 2018 so far.

Buying a new build is frequently more involved than other types of conveyancing. To prevent difficulties arising a conveyancing solicitor in Fareham should be mindful of local issues and needs to check numerous things, including checking new build mortgage procedures are followed and ensuring compliance with planning regulations.

Our award-winning new build team specialise in new build purchases and working to developer exchange timeframes.

Conservation areas in Hampshire

When acting for the purchaser of a property in Fareham, a conveyancing solicitor will need to confirm if the property is in one of Fareham's conservation areas. If it is, the property will be affected by certain constraints. These constraints, called Article 4 Directions, can include restrictions on the removal of front boundary walls, limitations on new outbuildings or restrictions preventing paving over the front garden.

The new owner could be ordered to pay for necessary changes to bring a property in line with current regulations, even if the previous owner was responsible for the changes.

Fareham conservation areas include Cams Hall, Swanwick Shore and Titchfield Abbey. Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Fareham.

Conveyancing - Selling a property in Fareham

The legal work involved in a sale of a home usually requires less work than when buying. When property changes hands, caveat-emptor' means that the onus is solely on the buyer to establish that the property they are purchasing is mortgageable and is (or can be) registered at the Land Registry.

On the other hand, when selling, conveyancing solicitors in Fareham acting for the existing owner effectively just answer any enquiries made by the buyer's solicitor.

What could put the conveyancing process at risk?

Homes can be burdened by a broad spectrum of complex issues (e.g. having a defective lease) that might delay a sale for weeks.

Property experts will generally advise that vendors handle these issues as soon as they come to light.

Further reading:

Read more helpful advice for sellers here.

Leasehold conveyancing for a sale

Conveyancing for a leasehold property is significantly more involved in comparison with a freehold house.

Conveyancing solicitors in Fareham will also carry out additional work, for example liaising with the management company to obtain the freeholder pack, through to details of historical insurance claims.

To speed up the leasehold conveyancing process, it is strongly advised that the seller instructs a lawyer with leasehold experience as soon as possible.

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

SRA regulations ban the same conveyancing solicitor from acting on both sides in a property sale. However, a conveyancer who is regulated by the CLC, can act for both the buyer and the seller.

You could contact a property solicitor firm in Fareham to undertake your conveyancing, if a Quittance conveyancer is carrying out the legal work for the other side.

Local Fareham conveyancing solicitor directory

  • Churchers Solicitors, 12 High Street, Fareham, Hampshire, PO16 7BL
  • Warner Goodman LLP, Portland Chambers, 66 West Street, Fareham, Hampshire, PO16 0JR
  • Hudsons Solicitors Ltd, Lothian House, 22 High Street, Fareham, Hampshire, PO16 7AE
  • The You Trust - Portsmouth Community Legal Advice Centre, Admiral House, 43 High Street, Fareham, Hampshire, PO16 7BQ
  • Jasper Vincent Solicitors, 227 West Street, Fareham, Hampshire, PO16 0HA

Conveyancing - Remortgaging a property in Fareham

The main reason homeowners remortgage is to get a lower interest rate. There are other reasons to consider remortgaging, such as releasing equity, or the existing lender having refused a payment holiday.

You would typically benefit from a lower rate faster with a more proactive conveyancing solicitor in Fareham, working to shorten the processing time of the legal work. With the base rate now at 0.5% (May 2018), fast conveyancing can be a contributing factor to getting on to the rate you want.

The property lawyer will need to act for both you and the mortgage provider, in order to confirm 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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