Updated: October 12, 2018

Newport Pagnell conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Newport Pagnell

Conveyancing solicitor fees are the charges you pay conveyancing solicitors in Newport Pagnell for carrying out the legal work for a property transaction.

Do Newport Pagnell conveyancing solicitors work on a fixed fee basis?

Our conveyancers work on a fixed No Sale, No Fee basis with no unexpected, additional costs, unlike some other conveyancing solicitors in Newport Pagnell who offer services on an hourly rate. Your conveyancing quote explains exactly what you will be charged when your sale or purchase completes.

What are disbursements?

You will have to pay any 'disbursements', in addition to conveyancing solicitor fees.

Disbursements are the costs incurred by the solicitor on your behalf, such as indemnity insurance or Land Registry fees.

See: Complete list of conveyancing fees

How much will conveyancing in Newport Pagnell cost in total?

While conveyancing fees in Newport Pagnell will be the same as anywhere else in the country, there may be some variation in certain disbursements. As examples, additional region-specific searches, such as a flood plain search, may be needed and Local Authority (LA) Search fees will vary.

With Quittance Conveyancing, there are no hidden costs or nasty surprises. For a standard conveyancing transaction, 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 Estate Agent's recommended solicitor's fees

Conveyancing - Buying a property in Newport Pagnell

Recent changes to the law mean that a seller must reveal any issues concerning their property to their estate agent and to the purchaser.

That said, it remains the responsibility of a conveyancing solicitor in Newport Pagnell to investigate the property, and deliver their report on title to the purchaser, offer practical solutions and ensure that the change of ownership is registered at the Land Registry.

The following section examines those parts of the legal process for conveyancing solicitors in Newport Pagnell requiring specialist legal knowledge.

Your Newport Pagnell conveyancing solicitor must be lender-approved

Before choosing a conveyancing solicitor in Newport Pagnell, it is very important that you make sure that they can represent your mortgage lender, whether you are taking out a mortgage from Halifax, the Tipton & Coseley Building Society or any other lender.

The majority of banks and building societies only accept a selected list (known as a 'lender panel') of solicitors or licensed conveyancers. If a conveyancer cannot act for your mortgage lender, the lender will require an alternative legal firm to act in their interests.

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

Neglecting to check the lender panel membership of your conveyancing solicitor can mean significant delays.

Our solicitors can perform the conveyancing for all lenders.

Milton Keynes Council searches

Searches are questions submitted to public bodies by Newport Pagnell conveyancing solicitors to provide information about the home you want to buy.

Searches are carried out primarily to satisfy mortgage conditions. These searches include the local authority (LA) search, environmental search, drainage & water search and chancel repair liability.

Additional searches, such as a Crossrail search or a geological search, may also be recommended in the initial search results.

Milton Keynes Council has a usual lead time of 14 weeks for property searches, so quicker regulated searches will be recommended.

Planning searches

Official Entries (or 'office copies') will also be sourced from the Land Registry by the conveyancing solicitor acting for the purchaser. This will help to reveal planning issues. Examples of these include discrepancies with the filed plan or a restrictive covenant against certain alterations.

Milton Keynes Council Council Tax

As a homeowner in Newport Pagnell, the applicable rate of council tax will vary depending on the value of the home (as assessed in 1991) and the number of people living in it. For example, for an average Band E house in Newport Pagnell, the tax would be £2,044 per year.

A conveyancing solicitor in Newport Pagnell will inform a buyer of the property's band once they are themselves 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 £1,533.

Other discounts and exemptions may also apply, for example if the property is uninhabited (for the first 60 days) or properties awaiting grant of probate.

Band Milton Keynes Council Tax (2018)
A £1,115
B £1,301
C £1,487
D £1,673
E £2,044
F £2,416
G £2,788
H £3,345

Is it possible to reduce my council tax band?

The Valuation Office Agency (VOA) should reassess a property's band on request. To appeal contact:

Valuation Office Agency
Northgate House
59-77 Sheep St
Northampton
NN1 2LL
Northamptonshire

Stamp Duty on Newport Pagnell properties

The SDLT1 form is seven pages long, and HMRC (formerly Inland Revenue) fines those who delay in completing and returning it. Stamp duty will be payable by the property buyer on properties sold for more than £125k.

Penalties for errors or late filing of the SDLT1 form can be as high as 30%. Quittance Conveyancing use integrated conveyancing case management system to ensure that SDLT is paid immediately after completion.

See stamp duty examples for properties in Newport Pagnell:

  Average sale price (2018 to date) Stamp Duty
Average price £301,298 £5,064.90
Average price (detached) £399,766 £9,988.30
Average new build £356,245 £7,812.25
Following a change in April 2016, a 3% surcharge is applied for purchases of additional property. Following the example above, if a homeowner bought a second property in Newport Pagnell for the average price of £301,298 the SDLT would be £24,103.84.

Stamp duty relief for first-time buyers in Newport Pagnell

As from November 2017, first-time buyers will not have to pay any stamp duty if the purchase price is below £300,000.

Conveyancing solicitors in Newport Pagnell will confirm the right tax is paid.

Buying a flat? Leasehold conveyancing in Newport Pagnell

New build site

The risks of leasehold property ownership remain of serious concern. The many potential complications lying in wait for the unsuspecting buyer can include:

  • doubling ground rents
  • costly and undisclosed major works
  • freeholds sold without first refusal to leaseholders
Severe consequences can result from a less-experienced conveyancing solicitor's failure to advise you correctly regarding your planned leasehold purchase.

If you intend to buy a property with a lease, a experienced conveyancing solicitor in Newport Pagnell will investigate aspects of the leasehold purchase, e.g. :

  • reviewing the lease
  • dealing with landlords
  • annual statements of account and budgets for service charges
  • changes to the terms of the lease
  • flats with varying lease terms

Quittance Conveyancing's team of leasehold conveyancing solicitors will work to ensure that you are aware of all the potential issues and costs associated with the lease.

Buying a 'New Build' property in Newport Pagnell?

House being built

2 new build houses and flats have been bought in Newport Pagnell in 2018 so far, according to data compiled by Her Majesty's Land Registry. The average cost of Newport Pagnell new build properties is £356,245.

A new-build conveyancing solicitor in Newport Pagnell needs to be conscious of both local issues and the complications associated with new build, like handling reservation fees, handling withdrawal under the Consumer Code for Housebuilders and registering ownership with warranty providers, including NHBC, LABC Warranty and Q Assure.

Our highly qualified new build conveyancing team are experts in working to tight developer deadlines and representing buyers to achieve the best outcome.

Buckinghamshire Conservation areas

Purchasing property in a conservation area will usually mean that the local character is unlikely to drastically change. However, conservation area constraints will affect your property.

These constraints may include:

  • Restrictions on replacing windows
  • Restrictions preventing the addition of new access
  • Restrictions on side or two-storey extensions

The local planning authority can order any non-compliant alterations to a property to be changed or removed.

Parts of Newport Pagnell lie within a Milton Keynes LPA-governed conservation area. Quittance's conveyancing solicitors will address whether the home you plan to buy is located in a conservation area in Newport Pagnell.

Conveyancing - Selling a property in Newport Pagnell

The conveyancing process on a property sale is normally less troublesome than when buying. With a purchase, the burden lies with the purchaser to validate that the title of the property they are buying is legally sound.

On the other hand, when selling, conveyancing solicitors in Newport Pagnell acting for the current owner need only respond to any enquiries made by the buyer's solicitor.

What factors could threaten your sale?

A home will often come with a series of legal issues (such as not being connected to the water mains or complexities where there is a 'share of freehold') which could prevent a sale from completing on time.

Don't put off finding a solution in the hope that any issues won't be spotted, instead get advice and attempt to resolve it as early as possible.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold

The conveyancing process for a leasehold property is quite a lot more protracted in comparison with a freehold house.

Conveyancing solicitors in Newport Pagnell must usually carry out further legal work, which could include obtaining managing agent information, through to details of any consents for improvements made to the flat.

It is highly recommended that the vendor contacts a leasehold expert as early as possible to speed up the handling of the legal work.

What if you are acting for the other side?

Solicitors Regulation Authority rules ban a single conveyancing solicitor from acting on both sides in a property sale and purchase. However, conveyancers who are regulated by the CLC, can act for both parties.

You may want to instruct a property solicitor firm in Newport Pagnell to carry out your conveyancing, if a Quittance conveyancing solicitor is acting for the other side.

Local Newport Pagnell conveyancing solicitor directory

  • Dominic Mills Ltd, Brewery House, 84 High Street, Newport Pagnell, Buckinghamshire, MK16 8AQ

Conveyancing - Remortgaging a property in Newport Pagnell

Securing a better rate is usually the main reason why homeowners remortgage. There are other reasons, including releasing capital, or fixing the mortgage on a new discounted rate.

A proactive conveyancing solicitor in Newport Pagnell will complete the conveyancing quickly, helping you get onto the lower rate earlier. With the base rate set at 0.5% (May 2018), fast conveyancing can be a key consideration when getting the mortgage rate you want.

Your property lawyer must also be able to act on behalf of your new mortgage lender. Our conveyancing team are on all major UK lenders' panels, so whether you are changing to a lifetime tracker mortgage with the Bank of Scotland or to a fixed-rate mortgage with the Dudley Building Society, we can assist.

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

Instant online conveyancing solicitor quote

Quittance Conveyancing delivers fast, proactive and communication-focused conveyancing to Newport Pagnell home buyers and sellers. Your dedicated conveyancer will keep you informed every step of the way.

Get a conveyancing quote icon

Get a quote

Get a conveyancing solicitor quote for your Newport Pagnell property sale, purchase or remortgage.

Get a quote online

or call us on 0800 612 0377

Compare conveyancing solicitors icon

Compare solicitor quotes

Find out more about how to compare conveyancing solicitor quotes in 2018.

Find out more
Contact conveyancing team icon

Email us

If you have any questions or would like to discuss your sale or purchase with an expert, email us at:

conveyancing@quittance.co.uk

Ask a conveyancing expert

If you have any questions about getting a conveyancing quote or any aspect of the conveyancing process, let us know:

Be the first!