Updated: October 12, 2018

Malton conveyancing solicitor fees

No Move, No Fee conveyancing in Malton

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

Do Malton conveyancing solicitors work on a fixed fee basis?

Some conveyancing solicitors in Malton carry out the legal work on an hourly-rate basis, whereas others work on a fixed fee (or 'No Move, No Fee'). Quittance's conveyancing solicitors work on fixed legal fees (known as 'No Sale, No Fee' or 'No Move, No Fee'), with no hidden costs. Your conveyancing quote sets out all fees and other costs you will be charged when your sale or purchase completes.

Are there any other costs?

In addition to the solicitor's conveyancing fees you will also have to cover any 'disbursements'.

Disbursements are fees that a property lawyer must pay to other companies during the process of buying or selling your home, such as property searches or office copies and title plans.

See: Complete list of conveyancing fees

How much will the total conveyancing fees in Malton cost?

Malton conveyancing solicitor fees will not vary, wherever you are buying or selling in the UK. There may, however, be some variation in certain disbursements. As examples, council search fees will vary and specific extra searches, e.g. transport searches, may be necessary.

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

Quittance delivered an excellent service at the lowest conveyancing fees we could find

Conveyancing - Buying a property in Malton

As a key part of the legal work for a property buyer, the conveyancing solicitor in Malton will examine the draft contract and investigate the title of the property and make their "report on title".

The solicitor will offer suggestions and advice following their enquiries, help with resolving any problems and register the title in the new owner's name.

This section of the article provides useful information for buyers searching for conveyancing solicitors in Malton.

Your Malton conveyancing solicitor must be lender-approved

Property purchasers have access to a broad selection of mortgage lenders, from a niche lender like the Holmesdale Building Society, to a major lender such as the HSBC. Before you instruct a conveyancing solicitor in Malton, whoever you choose, it is essential that you check that they are on the approved solicitor panel of your chosen lender.

The majority of lenders will only accept a selected list (their 'panel') of law firms that meet strict selection criteria. If your conveyancer cannot act for your chosen lender, the lender will require a different firm to complete the legal work.

The borrower will usually need to pay this alternative solicitor's costs, and weeks could be added to the conveyancing process.

Failing to confirm the lender panel membership of your conveyancing lawyer can result in serious delays.

Quittance Conveyancing can act for all mortgage providers.

Conveyancing Searches (Ryedale District Council)

Searches are enquiries made by Malton conveyancing solicitors to identify information and potential issues affecting the home you want to buy.

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

Further searches, such as a more detailed flood report or a ground stability report, may also be recommended subject to the outcome of the initial searches.

Homebuyers could experience a delay of approximately 12 weeks for Residential property searches supplied by Ryedale District Council. As a result, quicker regulated searches will be recommended.

Planning issues

Official Entries (or 'office copies') will also be ordered from HM Land Registry by your conveyancing solicitor. This helps to find planning issues. Examples of these include discrepancies with the filed plan or neighbours' rights of access.

Ryedale District Council Council Tax

Council tax is calculated by Ryedale District Council on property value and the number of people living in the property. For instance for an average Valuation Band D house in Malton, the amount of council tax due would be £1,789 per year.

Conveyancing solicitors in Malton will inform a buyer of the property's tax band once this is confirmed by the searches.

If the property is unoccupied for over 24 months, the owner will pay 150% of the relevant rate. Single person discount reduces the tax due to 75%, which would equal £1,342.

Other discounts and exemptions could also apply, e.g. where the home is empty or unfurnished for a maximum of 60 days or if an occupier is a student nurse.

Band Ryedale District Council Tax (2018)
A £1,193
B £1,391
C £1,590
D £1,789
E £2,187
F £2,584
G £2,982
H £3,578

Can I lower my band?

The Valuation Office Agency (VOA) should reassess a property's band on request. Councils prefer that this be done within six months of buying a property. To challenge your banding contact:

Valuation Office Agency
Unit 1 Station Business Park
Holgate Park Drive
York
YO26 4GB
North Yorkshire

Stamp Duty on Malton properties

Steep fines await those who miss the stamp duty payment deadline. The current SDLT threshold is £125,000.

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

See SDLT examples for properties in Malton:

  Average sale price (2017) Stamp Duty
Average price £223,684 £1,973.68
Average price (detached) £306,281 £5,314.05
Average new build £241,088 £2,321.76

Stamp duty relief for first-time buyers in Malton

Since Nov 2017, first-time buyers only need to pay stamp duty on homes valued over £300,000. Since 1st April 2016, buyers of second homes are subject to a 3% surcharge, even if the property is not let out. E.g. if a second property was bought for £223,684 then the stamp duty including the surcharge would be £11,184.20. .

Malton conveyancing solicitors will confirm the correct calculation is made.

Buying a flat? Leasehold conveyancing in Malton

New build site

It is rarely a good idea to purchase a leasehold property if you don't know what you are getting into. The many potential traps lying in wait for the unsuspecting purchaser could include overpriced managing agent packs and unreasonable ground rents.

Poor leasehold guidance, from a conveyancer with only freehold experience, could have serious financial implications.

A good conveyancing solicitor in Malton will consider possible leasehold issues, such as reviewing the lease itself, dealing with freeholders and service charges, ground rents and buildings insurance arrangements.

Ensure that you are fully-informed regarding your decision to buy a leasehold property thanks to our leasehold conveyancing solicitor team.

Buying a 'New Build' property in Malton?

House being built

The average sale price of Malton new build homes is £244,700, according to data compiled by the HM Land Registry. 8 new build homes have been bought in Malton in 2018 so far.

A new-build conveyancing solicitor in Malton needs to be conscious of local Malton issues and new build-specific issues, such as ensuring compliance with planning regulations and checking new build mortgage procedures are followed.

With Quittance Conveyancing, you will get an impartial assessment of the property's legal status, whilst being mindful of concerns like the home's subsequent resaleability and excessive ground rent and service charges (where applicable).

North Yorkshire Conservation areas

When acting for the purchaser of a property in Malton, a conveyancing solicitor will confirm whether the house is in a conservation area in Malton. If it is, the home will be affected by specific constraints. These constraints, called Article 4 Directions, may include anything from restrictions on the use of PVC windows, to general restrictions governing non-uniform additions or modifications.

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

Quittance's conveyancing solicitors will address whether the home you plan to buy is located in a conservation area in Malton.

Conveyancing - Selling a property in Malton

The legal work involved in a sale of a home is less demanding than when buying. For a house purchase, the onus lies entirely with the buyer to make sure that the property's title does not have any legal issues.

On the other hand, when selling, conveyancing solicitors in Malton acting for the existing owner for the most part just answer enquiries made on behalf of the buyer.

What could put the sale process at risk?

Properties can face a range of problems (e.g. restrictive covenants or an issue with noisy neighbours) that might prolong a purchase for several weeks.

In most cases, it is recommended for sellers to face such issues head on and fix them.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold

The legal work for a leasehold flat is much more specialised in comparison with a freehold house.

Conveyancing solicitors in Malton will also perform extra work. This can involve collating the latest service charge and ground rent statement, through to any details of rules covering common parts that are not contained in the lease.

It is highly recommended that you contact leasehold-specialist property lawyer as soon as the property is marketed, if not before, to ensure any legal complexity is correctly handled.

What if your conveyancing solicitors are acting for the other side?

A CLC-regulated conveyancer can act for both sides. However, Solicitors Regulation Authority rules restrict the same conveyancing solicitor from working on behalf of both sides in a property sale.

If you are buying or selling a house or flat in Malton, and we are carrying out the legal work for the other side, you could instruct a property solicitor firm in Malton to undertake your conveyancing.

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Conveyancing - Remortgaging a property in Malton

The main reason homeowners remortgage their home is to reduce the monthly repayments. There are also a number of other reasons to consider remortgaging, such as releasing funds to help pay for home improvements, or getting onto a longer fixed-rate term.

You can benefit from a better rate earlier by using a more proactive conveyancing solicitor in Malton, working to shorten the processing time of the legal work. With the base rate set at 0.5% (May 2018) and the future of interest rates uncertain, fast conveyancing can be a critical factor in getting on to the rate you want.

The property lawyer conducting the legal work should also be able to act for your chosen bank or building society. Quittance Conveyancing are on all major UK lenders' panels. So whether you are switching to a 95% mortgage with the Bank of Scotland or to a fixed-rate mortgage with the Buckinghamshire Building Society, our remortgage specialists 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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