Updated: October 12, 2018

Margate conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Margate

Conveyancing solicitor fees are the costs you pay conveyancing solicitors in Margate for the legal work for a home sale or purchase.

How are Margate conveyancing fees calculated?

Our conveyancing solicitors work on a guaranteed fixed conveyancing fee basis with no hidden fees, unlike some other conveyancing solicitors in Margate who work on an hourly-rate basis. Your conveyancing quote explains exactly what you will need to pay when your sale or purchase completes.

Are there any other costs?

You will need to budget for '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, such as indemnity insurance or HMLR fees.

See: How much should conveyancing fees cost?

How much will the total Margate solicitor conveyancing fees be?

Margate conveyancing solicitor fees should not vary, wherever you are buying or selling in the UK. However, the costs of certain disbursements can vary. For example, specific extra searches, e.g. a mining search, may be necessary and Local Authority Search fees can vary.

With Quittance, there are no hidden costs or nasty surprises. For a standard sale or purchase, 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

Quittance's conveyancing fees were considerably cheaper than the Estate Agent's recommended solicitor's fees

Conveyancing - Buying a property in Margate

The conveyancing for the purchase of a house or flat will need a conveyancing solicitor in Margate to consider a wide range of issues. Examples of such factors are problems with the property's title and issues impacting on the future saleability of the home.

The purchaser's solicitor will report their findings back to the purchaser and their lender, iron out any legal issues and ensure the title is transferred to the new owner.

This section of the article examines those parts of the legal process for conveyancing solicitors in Margate where specialist conveyancing skills may be essential.

Your Margate conveyancing solicitor must be lender-approved

Before you instruct a conveyancing solicitor in Margate, you must confirm that they can act on behalf of your lender, whether you are obtaining a mortgage from TSB, the Dudley Building Society or any other lender.

Your solicitor may be unable to act for your lender, because some lenders are only prepared to work with a restricted group of law firms.

If this is the case, the lender will require a second law firm to act in their interests, and you will usually need to pay this alternate solicitor's costs. This can push back the completion date of the purchase.

Failing to confirm your conveyancing lawyer's lender panel status can create problems and delays.

Quittance Conveyancing can act for all banks and building societies.

Residential Property Searches (Thanet District Council)

Residential property searches are questions submitted to public bodies by Margate conveyancing solicitors to provide information about your planned purchase. They include:

  • Local Authority search - planning and development details from Thanet District Council records
  • Drainage & Water search - confirms who is responsible for the upkeep of the water pipes and drainage that serve the property.
  • Environmental search - identifies risks within 500 metres of the property, including flooding subsidence. The search will also reveal nearby landfill sites and contaminated land.
  • Chancel repair liability - involves the potential liability owed by the owners of certain property to pay for local parish church repairs. Insurance can be arranged to cover this risk.

Your lawyer will notify you if your mortgage lender requires any further searches, such as a radon gas search or an agricultural search.

The approximate processing time for Residential property searches obtained from Thanet District Council is 10 weeks. A local search provider will be able to provide this information faster.

Planning searches

Office copies will also be ordered from HMLR by your conveyancing solicitor. This will help to reveal any planning issues, such as limits on the development of the property or discrepancies with the filed plan.

Thanet District Council Council Tax

Thanet District Council calculate your council tax based on various factors e.g. the location of the property and the value of the home as determined by the VOA in 1991 (or 2003 in Wales). The occupier of a property in Band E, for example, would owe annual council tax of £2,138.

A conveyancing solicitor in Margate will inform the buyer of the home's tax band as soon as they are notified.

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 £1,603.

Other discounts and exemptions could also apply, e.g. unoccupied properties undergoing major repairs or if the property is left empty by someone receiving medical treatment. Newer property is assessed by the Valuation Office Agency and allocated a band.

Band Thanet District Council Tax (2018)
A £1,166
B £1,361
C £1,555
D £1,749
E £2,138
F £2,527
G £2,915
H £3,498

Can I challenge my valuation?

To challenge your banding contact:

Valuation Office Agency
Palting House
Trinity Rd
Folkestone
CT20 2TP
Kent

The Valuation Office Agency should reassess a property's band on request. Councils prefer that this be done within six months of buying a property.

Stamp Duty on Margate properties

Stamp duty is only applicable to homes where the purchase price exceeds £125,000. Doing the SDLT1 form yourself is hard and not for the uninitiated.

Quittance Conveyancing's specialist post-completion team will ensure that the critical SDLT1 form is completed and submitted to HMRC without delay.

See table below for stamp duty examples for homes in Margate:

  Average sale price (2017) SDLT
Average price £210,602 £1,712.04
Average price (detached) £345,844 £7,292.20
Average new build £222,729 £1,954.58

Stamp duty relief for first-time buyers in Margate

Since the budget announcement in 11/17, if you are a first-time buyer, you only pay stamp duty on property valued at over £300k. Following a change in April 2016, a surcharge of 3% is applied for purchases of additional property. E.g. if a second home was bought for £210,602 then the SDLT including the surcharge would be £10,530.10. .

Conveyancing solicitors in Margate should ensure the correct tax is paid.

Buying a flat? Leasehold conveyancing in Margate

New build site

Purchasing a leasehold house or flat if you don't know what you are getting into is ill-advised. Doubling ground rents, sub-letting restrictions and unfair clauses in the lease are only some of the many potential difficulties awaiting an uninformed purchaser.

Incomplete leasehold information, delivered by an inexperienced lawyer, can have serious consequences.

A expert conveyancing solicitor in Margate will consider possible leasehold issues, such as dealing with freeholders and managing agents, reviewing the lease itself (some documents can be centuries old) and landlord/tenant disputes.

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

Buying a 'New Build' property in Margate?

Building site

1 new builds have been bought in Margate in 2018 so far, according to the HM Land Registry. The average value of Margate new build property is £175,000.

A new-build conveyancing solicitor in Margate must be mindful of regional considerations and the extra complexities of new build, e.g. confirming rights to use pipes and cables (e.g. phone, data, fibre, electricity) and dealing with fast exchange timeframes.

With Quittance Conveyancing, you will get an expert assessment of the property's legal status, paying close attention to factors like the home's subsequent resaleability and potential freehold acquisition traps.

Kent Conservation areas

When carrying out the conveyancing for a purchase in Margate, a conveyancing solicitor will confirm whether the residential property is in one of Margate's conservation areas. If it is, the property could be affected by specific building controls. Called Article 4 directions, these building controls may include a range of factors from restrictions on the removal or addition of front boundary walls, to restrictions on the addition of flues and soil vent pipes.

The local planning authority can order any non-compliant alterations to a property to be changed or removed, such as replacing uPVC windows with traditional wooden frames.

The Thanet local planning authority has assigned conservation area-status to parts of Margate. Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Margate.

Conveyancing - Selling a property in Margate

Conveyancing for a sale of a house or flat is less demanding than for a property purchase. During the sale of a house or flat, the onus lies with the purchaser to make sure that the title of the property does not have any legal issues.

On the other hand, when selling, conveyancing solicitors in Margate acting for the existing owner need only respond to the purchaser's enquiries.

What could go wrong?

A property can be burdened by any number of issues (for example not being insurable) that might delay the conveyancing process for weeks (or worse).

Don't shy away from finding a solution as it is highly unlikely that the problems won't be picked up. Instead, you should get professional advice and tackle it as soon as you can.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold flats

The conveyancing process for a leasehold flat (leasehold houses are uncommon) is a great deal more difficult in comparison with a freehold house.

The complex nature of leasehold property means that conveyancing solicitors in Margate will need to conduct additional legal work, including collating an up-to-date service charge statement, through to details of any unresolved disputes.

To speed up the leasehold conveyancing process, it is highly recommended that you instruct a leasehold specialist as soon as possible.

What if Quittance conveyancers are acting for the other side?

CLC-regulated conveyancers can act for both the buyer and the seller. However, Solicitors Regulation Authority (SRA) rules ban the same conveyancing solicitor from working on behalf of both sides in a property sale.

You could contact a property solicitor firm in Margate to undertake your conveyancing, if a Quittance conveyancer is acting for the other side.

Local Margate conveyancing solicitor directory

  • Tuckers Solicitors LLP, 14 The Centre, Margate, Margate, Kent, CT9 1JG
  • Boys & Maughan, India House, Hawley Street, Margate, Kent, CT9 1PZ
  • County Solicitors Limited, 2 Cecil Square, Margate, Kent, CT9 1BD

Conveyancing - Remortgaging a property in Margate

Securing a better rate of interest is the main reason that people opt to remortgage. There are other reasons, including getting on to a new fixed-rate deal, or wanting to borrow more.

Homeowners can appreciate the benefits of a better rate sooner by using a more efficient conveyancing solicitor in Margate, reducing the time the conveyancing takes to complete. With the Bank of England base rate now at 0.5% (May 2018), fast conveyancing can be a critical factor in getting the mortgage rate you want.

The property lawyer conducting the legal work needs to be able to act for your preferred mortgage lender. Our conveyancers are panel members of all major banks and building societies, so no matter whether you are switching to a variable-rate with Santander or to a fixed-rate mortgage with the Manchester 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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