London conveyancing FAQs
What are the council tax bands in City of Westminster Council?
London is situated in City of Westminster Council. Council tax bands are as follows:
|Band||City of Westminster Council Tax (2018/19)|
How much stamp duty will I have to pay?
Read more about stamp duty:
How much are conveyancing fees for buying or selling a home in London?
Conveyancing fees are comprised of the solicitor's legal and disbursements.
Disbursements are the costs payable as part of a conveyancing transaction, incurred on your behalf, such as HMLR fees or local authority searches. Legal fees are for the solicitor's legal work.
Our solicitor's legal fees for buying or selling a house in London are fixed, which means that for a standard transaction, your fixed fee conveyancing quote will have no additional fees
Calculate the conveyancing fees for your London sale or purchase
Our online conveyancing fees calculator gives an instant conveyancing quote including all of the legal costs involved in buying and selling your home.
Will I need property searches when buying a property in London?
Searches are questions submitted to a number of authorities by London conveyancing solicitors to identify issues affecting the home you want to buy. Mortgage lenders also usually require conveyancing searches to be purchased.
How long does leasehold conveyancing take?
Over 90% of flats in the UK are leasehold. Leasehold houses are less common, but there are still an estimated 1 million such properties across the country. The conveyancing for a leasehold flat can take weeks longer than a freehold property as there is more work involved and the landlord or managing agent are involved.
Examples of delays might include anything from incomplete managing agent information to uncontactable landlords.
Quittance's expert leasehold solicitors look after hundreds of leasehold clients every month. With specialist expertise there should be far fewer delays.
Does the conveyancing for selling leasehold take longer?
Yes, it can take considerably longer to carry out the conveyancing on leasehold properties when compared to conveyancing on a freehold house.
The buyer's conveyancer will need to review several leasehold-related documents, such as an up-to-date statement of service charges. The time required by the seller's conveyancer to source this information is usually the cause of these delays.
Your lawyer should get this underway even before you have found a buyer, because these details can take weeks to collect if it is difficult to contact the landlord or managing agent.
Will I need a conveyancing solicitor if I am remortgaging my London property?
Yes, you will need a remortgage conveyancing solicitor.
The Bank of England base rate is currently 0.75% (Feb 2019). A good London remortgage solicitor should be able to complete the conveyancing quickly and get you onto your new rate without delay.
Our conveyancers are members of most UK mortgage lenders, so no matter whether you are moving to a 95% mortgage with the HSBC or to a fixed-rate mortgage with the Swansea Building Society, our remortgage team can assist.