Updated: October 12, 2018

Faversham conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Faversham

Conveyancing solicitor fees are the costs you pay your Faversham conveyancing solicitor for the legal work involved in moving home.

How are Faversham conveyancing fees calculated?

Some conveyancing solicitors in Faversham work on a fees per hour basis. Our conveyancing solicitors work on a fixed No Sale, No Fee basis, with no hidden extras. Your quote will set out all fees and disbursements you will need to pay when your house or flat sale completes.

Are there any other costs in addition to conveyancing fees?

You will need to budget for 'disbursements', in addition to the solicitor's conveyancing fees.

Disbursements are fees, costs or taxes that your property solicitor will have to pay to third parties on behalf of their client. These include costs like landlord's notice fees or property searches.

See: A guide to all conveyancing fees

How much will the total conveyancing fees in Faversham cost?

Although conveyancing fees in Faversham will be the same as anywhere else in the country, there can be variation in the disbursements required. As examples, additional region-specific searches, such as utilities searches, may be needed and Local Authority (LA) Search fees will vary.

For a standard sale or purchase, the conveyancing fee we quote is the fee you pay. There are no hidden costs or nasty surprises with Quittance Conveyancing. 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 Faversham

Caveat emptor (buyer beware), was the legal principle of English property law. This principle no longer applies, however, it remains the responsibility of a homebuyer and their solicitor to investigate their intended purchase.

A conveyancing solicitor in Faversham will make recommendations once their enquiries are complete, make practical suggestions and register the title in the new owner's name.

This article considers the aspects of the legal process for conveyancing solicitors in Faversham that demand specialised skills.

Your Faversham conveyancing solicitor must be lender-approved

There are many lenders, from a less common mortgage lender like Accord Mortgages, to a major lender such as Allied Irish Bank. Before you select a conveyancing solicitor in Faversham, whoever you choose, it is vital that you check that they can act for your mortgage lender.

The majority of mortgage lenders will only work with a restricted list (called a 'lender panel') of firms that pass strict selection criteria. If your solicitor is unable to act for your mortgage lender, the lender will need a second legal firm to complete the legal work.

You will be expected to pay this alternative solicitor's costs and significant delays to your move could occur.

Not checking your lawyer's lender panel status could jeopardise the sale.

Quittance Conveyancing are approved to act for all banks and other lenders.

Swale Borough Council searches

Property searches (sometimes referred to as 'conveyancing searches') are submitted by Faversham conveyancing solicitors to expose issues that could possibly compromise how much your property will be worth.

Searches are primarily performed to satisfy the conditions of the lender. These searches include the local authority (LA) search, environmental search, drainage & water search and chancel repair liability.

Purchasers will be told if your mortgage lender requires any additional searches, e.g. a tin mining search or a geological search.

Property purchasers should anticipate a wait of around 7 weeks for property searches supplied by Swale Borough Council. In these circumstances, faster personal searches will be advisable.

Ensuring planning permission is in place

Official Entries (or 'office copies') will also be obtained by your conveyancing solicitor, helping to identify any issues, for example right of access issues or the title plan showing only very general boundaries.

Swale Borough Council Council Tax

The amount of council tax a homeowner in Faversham will pay to Swale Borough Council will depend on the property's value and the number of residents. E.g. a home in the Swale Borough Council area in Band B would pay £1,304 per annum.

A conveyancing solicitor in Faversham will inform a buyer of the property's tax band once they are themselves notified.

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 (25%) would reduce the tax due to £978.

Other discounts and exemptions could also apply, for example a 10% discount for second homes (although this may change as the government has second home ownership in its sights) or where the property is uninhabitable. More recently-constructed homes are assessed by the Valuation Office Agency (VOA) and allocated a council tax banding.

Band Swale Borough Council Tax (2018)
A £1,118
B £1,304
C £1,491
D £1,677
E £2,050
F £2,423
G £2,795
H £3,354

Does anyone ever challenge their valuation?

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

Valuation Office Agency
Anchorage House
High St
Chatham
ME4 4WD
Kent

In 2016/17, 30 council tax challenges were made, and 10 were upheld and refunds awarded.

Stamp Duty on Faversham properties

If a home is valued at over £125,000, the buyer usually must pay SDLT. SDLT is paid to HMRC and the purchaser's conveyancing solicitor will ensure that the tax return process is carried out.

Quittance's state-of-the-art case management system are fully integrated with HMRC's online tax return system.

The following table illustrates SDLT examples for typical properties in Faversham:

  Average selling price (2017) SDLT
Average price £300,299 £5,014.95
Average price (detached) £479,378 £13,968.90
Average new build £346,944 £7,347.20
If you are buying a second home for over £40,000 then you will have to pay an SDLT surcharge of 3%. E.g. if a second home was bought for £300,299 then the SDLT including the surcharge would be £24,023.92. .

Stamp duty relief for first-time buyers in Faversham

First-time buyer stamp duty relief is available on property purchases below £300k.

Faversham conveyancing solicitors should confirm the correct calculation is made.

Buying a flat? Leasehold conveyancing in Faversham

New build site

Purchasing a leasehold home is not as simple as buying a freehold home. The many potential complications awaiting the unsuspecting purchaser could include incomplete management company accounts and exponential ground rents.

Severe consequences can result from an inexperienced conveyancing solicitor's erroneous leasehold advice.

A expert conveyancing solicitor in Faversham will address aspects of leasehold, including ground rents and service charges, unexpired lease terms and absent freeholders.

Ensure that you are fully-informed regarding your decision to buy a leasehold property - Contact Quittance Conveyancing's leasehold conveyancing solicitors on 0800 612 0377 today.

Buying a 'New Build' property in Faversham?

House being built

According to data sourced by the HM Land Registry, the average value of Faversham new build homes is £346,944. 9 new build homes were purchased in Faversham last year.

A new-build conveyancing solicitor in Faversham must be mindful of Faversham-specific considerations and new build-specific issues, like administering Help to Buy purchases, squaring developer incentives with lenders and registering ownership with warranty providers, including NHBC, Building Zone and Global Home Warranties.

With Quittance Conveyancing, you will get an independent assessment of the legal title of the house or apartment, with a close eye on concerns ranging from the home's subsequent mortgageability to possible freehold acquisition traps.

Kent Conservation areas

Whether you are looking for a rural setting or Georgian architecture, buying in a street located in a conservation area can ensure the local character is unlikely to change. However, conservation area conditions will affect your residential property.

These constraints, referred to as Article 4 Directions, can include:

  • Limits on the use of non-traditional building materials
  • A ban on uPVC window frames
  • Restrictions on outbuildings and extensions

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.

The Swale local planning authority has assigned conservation area-status to parts of Faversham. Quittance's conveyancing solicitors will address whether the home you plan to buy is located in a conservation area in Faversham.

Conveyancing - Selling a property in Faversham

The legal work involved in a house sale is more straightforward than for a property purchase. The buyer's solicitor undertakes a full legal review on the property and its legal title. Conveyancing solicitors in Faversham acting for the seller merely gathers information relating to the property and answers the buyer's questions .

What might you do to help your sale go through?

A property can be burdened by any number of problems (for example being situated on an unadopted road) that can endanger the sale process.

Don't put off finding a solution, hoping the issue will fix itself. Instead, you should speak to an expert and work to resolve it at the earliest stage.

Useful reading:

For more conveyancing advice for sellers click here.

Leasehold

Conveyancing for a leasehold flat or house is significantly more time-consuming compared to a freehold house.

The complex nature of leasehold property means that conveyancing solicitors in Faversham will usually undertake extra work, for example sourcing an up-to-date service charge statement or details of the length of leases of other flats in the block.

It is highly recommended that the seller instructs a leasehold-specialist lawyer as soon as possible to reduce delays.

Can your conveyancing solicitors act for both the buyer and the seller of the same property?

A conveyancer who is regulated by the CLC can act for both sides. However, Solicitors Regulation Authority (SRA) rules prevent a single conveyancing solicitor from working on behalf of both sides in a house sale and purchase.

You could contact a law firm in Faversham to carry out your legal work, if we are acting for the other side.

Local Faversham conveyancing solicitor directory

  • Tassells, 20 West Street, Faversham, Kent, ME13 7JF
  • Bull & Bull, 34 Preston Street, Faversham, Kent, ME13 8PE
  • Medway Law Limited, Court Lodge Chambers, Faversham Road, Wichling, Sittingbourne, Kent, ME9 0DJ

Conveyancing - Remortgaging a property in Faversham

The main reason homeowners remortgage is to lower their monthly repayments. There are also a number of other reasons to think about remortgaging, including moving to an offset mortgage, or releasing funds to help kids get on the property ladder.

You can benefit from a lower rate faster with a more efficient conveyancing solicitor in Faversham. They will work to shorten the processing time of the legal work. With the Bank of England base rate now at 0.5% (May 2018) and possible rate rises on the horizon, fast conveyancing can be a contributing factor to getting the mortgage rate you want.

It is important that the property lawyer carrying out the remortgage can act for your new bank or building society. Our conveyancers are on all major UK lenders' panels. So no matter whether you are switching to a fixed-rate mortgage with the Halifax or to a long-term fixed mortgage with the Barnsley Building Society, we 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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