Updated: October 12, 2018

Gerrards Cross conveyancing solicitor fees

No Move, No Fee conveyancing in Gerrards Cross

Conveyancing solicitor fees will be paid to conveyancing solicitors in Gerrards Cross for the legal work for a home sale or purchase.

Are Gerrards Cross conveyancing fees and costs fixed?

Our solicitors work on a No Sale, No Fee basis with no unexpected, additional costs, unlike some other conveyancing solicitors in Gerrards Cross who carry out the legal work on an hourly rate. Your conveyancing quote will explain all fees and other costs you will be charged when your property transaction has completed.

Are there any other costs?

You will have to pay any 'disbursements', in addition to conveyancing solicitor 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 ID checks or property searches.

See: A guide to conveyancing fees, costs and disbursements

How much will conveyancing in Gerrards Cross cost in total?

Conveyancing solicitor fees in Gerrards Cross will not vary. However, there may be some variation in certain disbursements. For example, specific extra searches, e.g. a historic mining search, may be necessary and council search fees will vary.

With Quittance Conveyancing, there are no unexpected costs or surprises in the small print. For a standard sale or purchase, the conveyancing fee we quote is the fee 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 Gerrards Cross

The legal work for a property purchase will require the Gerrards Cross conveyancing solicitor to consider a wide range of issues. Examples of such issues can range from defective property title (e.g. the title is subject to an estate contract) to the future saleability of the property.

The conveyancer will feed the results of their enquiries back to the buyer and the lender (where there is a mortgage), offer practical solutions and ensure the title is transferred to the new owner.

This article examines the kinds of residential property which may involve additional risk for people who need conveyancing solicitors in Gerrards Cross for a purchase.

Your Gerrards Cross conveyancing solicitor must be lender-approved

Regardless of whether your mortgage is with a large lender like Virgin Money or a niche lender such as the Chelsea Building Society, before instructing a Gerrards Cross conveyancing solicitor you must confirm that they are on the panel of your chosen lender.

A lot of mortgage lenders only accept a select group (often referred to as a 'panel') of legal practices. If a conveyancer is unable to act for your chosen lender, the lender will likely need a different firm to complete the legal work.

The purchaser will be expected to pay this alternative lawyer's costs, and the conveyancing process can take much longer.

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

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

Searches (South Bucks District Council)

Residential property searches are applied for by Gerrards Cross conveyancing solicitors in order to identify problems that could compromise how much your property is worth.

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

Buyers will be informed if your chosen lender needs any more searches, such as an HS2 search or a commons registration search.

Homebuyers will have to endure a wait of roughly 4 weeks for conveyancing searches supplied by South Bucks District Council, so your conveyancer will recommend using a faster search agent.

Checking planning permission status

Official Entries (or 'office copies') will also be sourced from HMLR by your conveyancing solicitor. This will help to expose potential planning issues. Examples of these include outbuildings missing from the title plan or right of access issues.

South Bucks District Council Council Tax

The council tax paid by a homeowner is based on a variety of factors such as the size of the property and the value of the home as determined by the VOA in 1991. For example, a property in the South Bucks District Council area in Valuation Band D would pay £1,769 per annum.

Gerrards Cross conveyancing solicitors will inform the buyer of the property's tax band once 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 £1,327.

Other discounts and exemptions could also apply, for example a 10% discount for second homes or where an occupation is prohibited by law such as a compulsory purchase order. The Valuation Office Agency (VOA) calculate bands for new build homes, and where the owner has requested a revaluation.

Band South Bucks District Council Tax (2018)
A £1,180
B £1,376
C £1,573
D £1,769
E £2,163
F £2,556
G £2,949
H £3,539

Could I be overpaying council tax?

To challenge your banding contact:

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

In the 2016/17 financial year, 20 council tax challenges were made, of which 10 were approved and the tax was reduced.

Stamp Duty on Gerrards Cross properties

Submitting the SDLT1 form to HMRC is difficult and time consuming. The majority of buyers get their conveyancing solicitor to do it for them.

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

Quittance will complete the SDLT1 form for you at the point your purchase completes.

See examples for typical Gerrards Cross properties:

  Average selling price (2018 to date) SDLT
Average price £890,107 £34,505.35
Average price (detached) £1,032,020 £46,952.00
Average new build £878,333 £33,916.65

Stamp duty relief for first-time buyers in Gerrards Cross

First-time buyer stamp duty relief is available on property purchases below £300k. If you already own another property or share in a property (including outside the UK)you will be subject to a higher SDLT rate of 3%. For example, if a homeowner bought a second home in Gerrards Cross for the average price of £890,107 the SDLT would be £71,208.56.

Conveyancing solicitors in Gerrards Cross should ensure their client pays the right amount.

Buying a flat? Leasehold conveyancing in Gerrards Cross

New build site

Buying a leasehold house or flat if you don't know what you are getting into can be costly. The numerous common problems awaiting an uninformed buyer could include incomplete management company accounts, ground rent multipliers and freeholds sold without first refusal to leaseholders.

Serious financial ramifications can result from an inexperienced lawyer's bad leasehold advice.

If you intend to purchase a leasehold home, a expert conveyancing solicitor in Gerrards Cross will investigate aspects of the leasehold purchase, for example leases approaching 80 years remaining, any recent demands for service charges and ground rent and sometimes ancient and arcane lease documents.

Ensure that you are fully-informed regarding your planned purchase thanks to our leasehold conveyancing solicitor team.

Buying a 'New Build' property in Gerrards Cross?

House under construction

The average cost of new build properties in Gerrards Cross is £878,333, according to information compiled by the Land Registry. 3 brand new homes have been bought in Gerrards Cross in 2018 so far.

A new-build conveyancing solicitor in Gerrards Cross must be well-versed in regional considerations and new build's additional complexities, including checking new build mortgage procedures are followed, handling initial Land Registry registration and working with warranty providers, including NHBC, LABC New Home Warranty and BOPAS.

Our team of new build conveyancers are specialists in meeting short developer deadlines and ensuring that new build contracts favour the client as much as possible.

Buckinghamshire Conservation areas

Your conveyancing solicitor will need to confirm if the property you are purchasing is in one of Gerrards Cross's conservation areas. If it is, the home is affected by constraints. These conditions may include a wide range of constraints from restrictions on the addition of cladding, to restrictions preventing the addition of frontal sloping rooflights.

The local planning authority can order any non-compliant alterations to a property to be changed or removed, such as knocking down a new modern-style extension.

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

Conveyancing - Selling a property in Gerrards Cross

The conveyancing process on a sale of a home is normally less troublesome than for a purchase. The purchaser will have to carry out an investigation on the home, whilst conveyancing solicitors in Gerrards Cross acting for the seller just replies to the solicitor's standard and additional enquiries.

What could go wrong?

Hurdles, like not being insurable, have the potential to delay the sale process.

Property specialists will almost always recommend to vendors that they tackle these issues head on.

Further reading:

Read more helpful advice for sellers here.

Sale conveyancing for a leasehold property

The legal work for a leasehold flat is a great deal more technical than it is for a freehold home.

The complex nature of leasehold property means that conveyancing solicitors in Gerrards Cross will usually undertake additional tasks, which could include collating an up-to-date service charge statement, through to a copy of the building's asbestos survey (if required).

So as to resolve any leasehold-related delays sooner, it is strongly advised that you instruct a solicitor as soon as possible.

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

SRA regulations prevent the same solicitor from working on behalf of both sides in a house sale and purchase. However, CLC-regulated conveyancers, can act for both the buyer and the seller.

If you are buying or selling a Gerrards Cross property, and a Quittance solicitor is acting for the other side, you can contact a property solicitor firm in Gerrards Cross to handle your legal work.

Local Gerrards Cross conveyancing solicitor directory

  • B P Collins LLP, Collins House, 32-38 Station Road, Gerrards Cross, Buckinghamshire, SL9 8EL
  • Bindman Solicitors LLP, 62a, Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 8EF
  • Parchment Law Group LLP, Parchment House, 8-10 Station Approach, Gerrards Cross, Buckinghamshire, SL9 8PP
  • Lawrence Hamblin Ltd, Westminster House, 70 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 8HY
  • Hine Solicitors, 17 East Common, Gerrards Cross, Buckinghamshire, SL9 7AF

Conveyancing - Remortgaging a property in Gerrards Cross

The main reason people remortgage a home is to get a better interest rate. There are also any number of other reasons to remortgage, including switching from interest-only to repayment, or releasing capital.

An efficient conveyancing solicitor in Gerrards Cross can reduce the remortgage processing time, and move you to the better rate sooner. With the base rate now at 0.5% (May 2018) and the future of interest rates unclear, fast conveyancing can play a key role in getting onto your new rate as quickly as possible.

The property lawyer carrying out your remortgage needs to be able to act for your chosen mortgage lender. Our conveyancing team are panel members of all major banks and building societies. So no matter whether you are changing to a cashback mortgage with the Royal Bank of Scotland or to a repayment mortgage with the Swansea 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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