Award-winning No Move, No Fee conveyancing for Loughborough home movers
By Gaynor Haliday , Oct 12, 2018
We offer guaranteed fixed conveyancing fees, and because we prioritise proactive communication, you will never be uncertain about how your move is progressing.
Every year Quittance's property lawyers deliver a highly recommended no sale - no fee service to property sellers and purchasers looking for conveyancing solicitors in Loughborough and across Leicestershire.
If, for any reason at all, your property sale or purchase does not proceed our no sale no fee service means you won't incur any conveyancing solicitors' legal fees.
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Loughborough's most communicative conveyancing service
Approximately half of those contacted for an InfoTrack poll published in Legal Futures had made a communication-related complaint.
The Law Society's 'Conveyancing Quality Scheme' client charter is aimed at encouraging better conveyancing solicitor communication.
Despite attempts by regulators to address the issue, a survey commissioned by the Conveyancing Association of 1,500 people indicated around half of respondents felt that more efficient communication would have accelerated their sale or purchase.
Quittance Conveyancing's team of Loughborough conveyancing solicitors offer an exceptional property legal service. We deliver to homemovers a proactive and informative service by phone, email and via online case management, every day of the week:
- Lowest Loughborough conveyancing solicitors fees
- Open Mon to Thurs 9am-8pm & Fri 9am-6pm
- We are open weekends - Saturday (9am-1pm)
- Your conveyancing lawyer's personal extension numbers
- Market-leading case management technology
- Proactive updates by smartphone, tablet and PC
Updated: October 12, 2018
Loughborough conveyancing solicitor fees and costs
No Move, No Fee conveyancing in Loughborough
Conveyancing solicitor fees are what you pay to your Loughborough conveyancing solicitor for the legal work involved in moving home.
How are Loughborough conveyancing fees calculated?
Some conveyancing solicitors in Loughborough work on an hourly-rate basis, while other property lawyers will work for a fixed fee (known as 'No Move, No Fee'). Quittance's conveyancing solicitors work on a fixed No Sale, No Fee basis, with no hidden fees. Your conveyancing quote explains what fees you will need to pay when your house or flat sale completes.
What are disbursements?
You must cover the cost of any 'disbursements', in addition to the solicitor's conveyancing fees.
Disbursements are the costs incurred by the solicitor on your behalf. These include costs like identity verification checks or bankruptcy checks.
How much will the total Loughborough solicitor conveyancing fees be?
Although conveyancing fees in Loughborough will usually match prices elsewhere in the UK, there can be variation in the disbursements required. As examples, specific extra searches, e.g. a historic mining search, may be necessary and Local Authority (LA) Search fees will vary.
There are no hidden fees or nasty surprises with Quittance Conveyancing. For a standard conveyancing transaction, the conveyancing fee we quote is the fee you pay. To calculate the conveyancing fees for your move, try our conveyancing fees quote calculator: Click here
Conveyancing - Buying a property in Loughborough
Under recent changes to English and Welsh property law, a seller must reveal any issues concerning their property to their estate agent and to the purchaser.
That said, it remains the responsibility of the conveyancing solicitor in Loughborough to carry out due diligence on the property, feed the results of their enquiries back to the buyer, assist in resolving any issues and register the title in the new owner's name.
This section of the article considers the kinds of property that may be of concern to homebuyers searching for conveyancing solicitors in Loughborough.
- Conveyancing solicitors in Derby
- Conveyancing solicitors in Hinckley
- Conveyancing solicitors in Leicester
- Conveyancing solicitors in Nottingham
- Conveyancing solicitors in Leicestershire
Your Loughborough conveyancing solicitor must be lender-approved
Whether you are getting a mortgage from the Dudley Building Society, Lloyds Bank or any other lender, before choosing a conveyancing solicitor in Loughborough it is very important that you make sure that they can act on behalf of your lender.
Your solicitor may be unable to act for your lender, because some mortgage lenders will only work with a select group (often referred to as a 'panel') of law firms.
If this is the case, the lender will probably need a second law firm to complete the legal work, and you will then have to cover this second lawyer's fees. Handling paperwork and correspondence with this additional party can delay the process.
Our solicitors are on the panel of all lenders.
- Lloyds Bank
- Barclays Bank
- HSBC Bank
- The Royal Bank of Scotland
- Santander Bank
- Nationwide Building Society
- Halifax Bank
- All UK lenders
Searches (Charnwood Borough Council)
Property searches are enquiries made of public bodies by Loughborough conveyancing solicitors to highlight issues affecting your new home.
Lenders also need property searches (sometimes referred to as 'conveyancing searches') to be obtained. Required searches will include:
- Local Authority search - covers planning applications, building control history and enforcement action against the property. The LA search also includes details of any nearby road development 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 - reveals contaminated land, landfill sites and flooding or subsidence within 500m of the property.
- Chancel repair liability - insurance is arranged to protect the buyer against any liability for local parish church repairs.
More pertinent searches, such as a highways authority search or an energy search, may also be recommended in the initial LA and Environmental searches.
The average lead time for Local Authority searches supplied by Charnwood Borough Council is 14 weeks. As a result, quicker regulated searches will be recommended.
Finding planning permissions
Official Entries will also be obtained from the Land Registry by the purchaser's conveyancing solicitor, helping to identify any issues, such as restrictions that limit alterations or the title plan showing only very general boundaries.
Charnwood Borough Council Council Tax
Council tax is calculated by Charnwood Borough Council on property value and the number of people living in the property. For instance for an average Band E property in Loughborough, the amount payable would be £2,089.
Loughborough conveyancing solicitors will inform the purchaser of the property's band as soon as they are 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 reduces the tax due to 75% which would equal £1,567.
Other discounts and exemptions could also apply, for example where the home is empty or unfurnished for a maximum of 60 days or where the property is occupied solely by students.
|Band||Charnwood Borough Council Tax (2018)|
Does anyone ever challenge their valuation?Contact the VOA for more information on how to challenge your tax band:
Valuation Office Agency
86-92 Regent Rd
In 2016/17, 50 council tax challenges were made, and 20 were upheld and the tax was reduced.
Stamp Duty on Loughborough properties
If the purchase price of the home you intend to buy is over the £125,000 threshold, you must pay Stamp Duty Land Tax.
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 SDLT examples for typical properties in Loughborough:
|Average sale price (2017)||Stamp Duty|
|Average price (detached)||£318,921||£5,946.05|
|Average new build||£270,188||£3,509.40|
Stamp duty relief for first-time buyers in Loughborough
In Nov 2017, the Chancellor announced that first-time buyers would be exempt from paying stamp duty on homes below £300,000. Following a change in April 2016, a higher SDLT rate of 3% is applied for purchases of additional property. So if a second property was bought for £228,248 then the SDLT total will be £11,412.40.
Loughborough conveyancing solicitors should ensure the right amount is calculated.
Buying a flat? Leasehold conveyancing in Loughborough
It can be costly to purchase a leasehold house or flat without knowing what you are getting into. The many potential problems lying in wait for an uninformed buyer include:
- onerous clauses in the lease
- exponential ground rents
- incomplete management company accounts
A good conveyancing solicitor in Loughborough will address aspects of leasehold, such as managing agent practices, reviewing the lease and the implications of the remaining length of the lease.
Make sure that you are fully-informed regarding your decision to buy a leasehold property with our team of leasehold conveyancing solicitors.
Buying a 'New Build' property in Loughborough?
24 new build properties have been bought in Loughborough in 2018 so far, according to local information gathered by the Land Registry. The average price for Loughborough new builds is £211,094.
Buying a new build home is frequently more involved than other types of conveyancing. To avoid potential problems a Loughborough conveyancing solicitor must be mindful of Loughborough-specific considerations and will need to investigate several key factors, such as dealing with fast exchange timeframes and verifying rights of easements.
With our new build team, you will get an accurate and truly impartial assessment of the legal status of the property, with a close eye on considerations like the home's subsequent marketability and excessive ground rent and service charges (where applicable).
Conservation areas in Leicestershire
If you are intending to purchase a residential property in a conservation area in Loughborough, the property will need to meet any conservation area constraints. Called Article 4 directions, these building controls can include anything from restrictions on painting external walls, to restrictions on the addition of flues and soil vent pipes.
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 Loughborough.
Conveyancing - Selling a property in Loughborough
The legal work involved in a house sale is much simpler than for a property purchase. With a property purchase, the obligation lies entirely with the buyer to confirm that the property does not have any legal issues.
When selling, conveyancing solicitors in Loughborough acting for the person selling need only respond to questions set by the buyer's conveyancing solicitor.
How to give yourself the best chances of success
Homes can face any number of potential complications (for example tree preservation orders or not having appropriate warranties) that might prevent the conveyancing process from completing on time.
Don't shy away from finding a solution and hope the buyer's solicitor won't notice. Instead, get advice, square up to the issue(s), and find a solution proactively.
- Selling a Green Deal property? What you need to know
- The Essential Conveyancing Guide for Sellers in 2018
- Dispute with a freeholder? What to do before selling your home
Read more conveyancing advice for sellers.
The conveyancing process for a leasehold flat or house is significantly more difficult than for a freehold house.
Conveyancing solicitors in Loughborough will also carry out additional work, which could include approaching the managing company for service charge accounts, through to looking into potential forfeiture proceedings.
It is recommended that the seller instructs a leasehold specialist as soon as possible to reduce delays.
What if Quittance is already acting for the other side?
A CLC-regulated conveyancer can act for both parties. However, Solicitors Regulation Authority (SRA) rules ban a single conveyancing solicitor from acting on both sides in a house sale and purchase.
If you are buying or selling a property in Loughborough, and a Quittance conveyancer is carrying out the legal work for the other side, you could instruct a property solicitor firm in Loughborough to undertake your conveyancing.
Local Loughborough conveyancing solicitor directory
- Bird Wilford & Sale, 20 Church Gate, Loughborough, Leicestershire, LE11 1UD
- Edward Hands & Lewis Limited, 44 Church Gate, Loughborough, Leicestershire, LE11 1UE
- Hawley & Rodgers, 19-23 Granby Street, Loughborough, Leicestershire, LE11 3DY
- Jinnah & Co Ltd, 39 The Rushes, Loughborough, Leicestershire, LE11 5BG
- Johnson Astills Solicitors, 44a Church Gate, Loughborough, Leicestershire, LE11 1UE
Conveyancing - Remortgaging a property in Loughborough
By far the most common reason homeowners remortgage is to lower their monthly repayments. There are any number of other reasons to switch lenders or mortgage deals, including getting onto a longer fixed-rate term, or releasing equity.
A good conveyancing solicitor in Loughborough can reduce the remortgage processing time, helping you get onto the lower rate earlier. With the base rate set at 0.5% (May 2018) and the future of interest rates unclear, fast conveyancing can be a critical factor in securing the rate you want.
To certify that the parties' interests are protected, the property lawyer will act for both you and the mortgage lender.
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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