Updated: October 12, 2018

Peterlee conveyancing solicitor fees

No Move, No Fee conveyancing in Peterlee

Conveyancing solicitor fees are the charges you pay to conveyancing solicitors in Peterlee for handling the legal work for your move.

Do Peterlee conveyancing solicitors work on a fixed fee basis?

Some conveyancing solicitors in Peterlee carry out the legal work on an hourly-rate basis, and other firms will work for a fixed fee ('No Move, No Fee'). Quittance's conveyancing solicitors work on a guaranteed fixed conveyancing fee basis, with no hidden costs. Your quote will set out exactly what you will be charged when your sale or purchase goes through.

Are there any other costs?

You will have to pay any 'disbursements', on top of the conveyancing fees.

Disbursements are the costs incurred by the solicitor on your behalf. These include costs like ID checks or HMLR fees.

See: A guide to conveyancing fees, costs and disbursements

How much will the total conveyancing fees in Peterlee cost?

While conveyancing fees in Peterlee will usually match prices elsewhere in the UK, there can be variation in the disbursements required. As examples, council search fees will vary and additional region-specific searches, e.g. a mining search, may be needed.

For a standard home sale or purchase, what we quote is the fee you pay. With Quittance Conveyancing, there are no hidden costs or nasty surprises. Work out the conveyancing fees for your move, with our conveyancing calculator: Click here

Quittance's fees were cheaper - less than half the Estate Agent's recommended solicitor's fees

Conveyancing - Buying a property in Peterlee

Recent changes to the law mean that a seller should disclose defects or disputes to the buyer.

It is, however, still the duty of the conveyancing solicitor in Peterlee to investigate the property, and make their "report on title", offer pragmatic solutions and ensure that the full legal ownership is transferred.

This section discusses elements of the legal process for conveyancing solicitors in Peterlee needing a deeper level of knowledge.

Your Peterlee conveyancing solicitor must be lender-approved

Before you choose a Peterlee conveyancing solicitor, it is paramount that you confirm that they can act on behalf of your lender, whether you are getting a mortgage from Coutts, Lloyds Bank or any other lender.

Your conveyancer may be unable to act for your lender, because some mortgage lenders are only happy to work with a restricted group of firms that meet stringent criteria.

If this is the case, the lender will probably require a different solicitor firm to complete the legal work, and you will then have to cover this alternate lawyer's costs. Adding another solicitor to the process can delay the whole purchase.

Failing to confirm the lender panel status of your conveyancing solicitor can mean significant delays.

Quittance Conveyancing can carry out the legal work for all major and minor banks and building societies.

Durham County Council searches and other searches

Property searches (sometimes referred to as 'conveyancing searches') are enquiries made by Peterlee conveyancing solicitors to identify issues affecting your planned purchase.

Mortgagees will also require searches (as set out in the CML Handbook) to be applied for. These include:

SearchDescription
Local Authority (LA) searchreveals planning applications, decisions and enforcement notices for planning breaches.
Drainage & Water searchidentifies whether the owner or local authority must pay for the maintenance of water mains and sewers
Environmental searchidentifies risks within 500 metres of the property, including flooding subsidence. The search will also reveal nearby landfill sites and contaminated land.
Chancel repair liabilitydescribes the insurance to protect against any liability to the local parish for repairs.

Further searches, such as a radon gas search or a contaminated land report, may also be recommended in the standard search results.

The estimated processing time for LA searches from Durham County Council is 14 weeks, so your lawyer will recommend using quicker personal searches.

Checking planning permission status

Your conveyancing solicitor will get office copies from HMLR, helping to evidence planning issues, such as restrictive covenants governing the use of the property or discrepancies with the filed plan.

Durham County Council Council Tax

As a homeowner in Peterlee, 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. E.g. a residential property in the Durham County Council area in Valuation Band B would pay £1,468 per annum.

A conveyancing solicitor in Peterlee will inform a purchaser of the home's tax band after 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 £1,101.

Other discounts and exemptions could also apply, e.g. if the property is uninhabited (for the first 60 days) or properties awaiting grant of probate. The Valuation Office Agency (VOA) assign council tax bands for newly-constructed property, and where the owner has requested a revaluation.

Band Durham County Council Tax (2018)
A £1,258
B £1,468
C £1,678
D £1,887
E £2,307
F £2,726
G £3,146
H £3,775

In 2016/17, 60 council tax challenges were made, of which 20 were approved and the tax was reduced. To challenge your banding contact:

Valuation Office Agency
Wycliffe House
Green Lane
Durham
DH1 3UW
County Durham

Stamp Duty on Peterlee properties

If you are buying a home in England, Wales or Northern Ireland then you will usually need to pay stamp duty.

The SDLT1 form is seven pages long, and HM Revenue and Customs (HMRC) fines those who delay in completing and returning it.

Quittance Conveyancing's case management system ensures that the complex SDLT1 form is filed online to reduce delays and to avoid late-filing penalties.

This table sets out stamp duty for typical property in Peterlee:

  Average sale price (2018 to date) Stamp Duty Land Tax
Average price £81,430 £0.00
Average price (detached) £183,219 £1,164.38
Average new build £125,445 £8.90
Higher rates of SDLT apply to buyers of second property in the form of a higher rate of 3%. Following the example above, if a homeowner bought a second property in Peterlee for the average price of £81,430 the SDLT would be £2,442.90.

Stamp duty relief for first-time buyers in Peterlee

First-time buyer stamp duty relief is available on property purchases below £300k.

Peterlee conveyancing solicitors should ensure the right tax is paid.

Buying a flat? Leasehold conveyancing in Peterlee

New build site

Purchasing a leasehold home is not as straightforward as buying a freehold home. Ground rent multipliers, reversionary interests and unreasonable lease extension premiums are but a few of the many traps awaiting an uninformed purchaser.

Inaccurate leasehold advice, from an inexperienced conveyancer, could have serious financial implications.

If you intend to purchase a leasehold property, a competent conveyancing solicitor in Peterlee will address aspects of leasehold, such as any recent demands for service charges and ground rent, unexpired lease terms and absent freeholders.

Ensure that you are fully-informed regarding your planned purchase - Speak to Quittance Conveyancing's leasehold conveyancing solicitor team today on 0800 612 0377.

Buying a 'New Build' property in Peterlee?

New build building site

The average price for Peterlee new build properties is £125,445, according to data gathered by HMLR. 4 brand new homes have been bought in Peterlee in 2018 so far.

Purchasing a new build property is more complex than any other type of conveyancing. To avoid potential problems a conveyancing solicitor in Peterlee needs to be conscious of local Peterlee issues and should check numerous things, e.g. handling the uncertainties of buying off plan and negotiating new build contracts.

Our new build conveyancing department will provide an accurate and truly independent assessment of the legal title of the property, looking out for factors ranging from unreasonable leasehold terms to an assessment of other risks, such as regional infrastructure development.

County Durham Conservation areas

Whether you are planning to buy a listed character property or a Regency townhouse, if the house is in a defined conservation area, your plans to alter the house may not be permitted by Durham County Council.

These building controls may include:

  • A prohibition on roof terraces
  • Restrictions on the display of advertisements
  • Restrictions on the erection of outbuildings

The new owner could be ordered to pay for necessary changes to bring a property in line with current regulations, even where the alterations 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 Peterlee.

Conveyancing - Selling a property in Peterlee

The legal work involved in a sale of a house or flat is much easier than when buying. When buying, the principle of 'buyer beware' means that the onus lies entirely with the buyer to confirm that the property they are purchasing is mortgageable and free from legal issues.

Conversely, when selling, conveyancing solicitors in Peterlee acting for the existing owner just answer the buyer's solicitor's formal enquiries.

How to minimise the risk of your sale falling through

A house or flat can face any number of potential complications (for example a landlord dispute on a leasehold property) which could stop a purchase in its tracks.

It is best not to procrastinate as it is highly unlikely that the problems won't be picked up. Instead, get professional advice and deal with it as soon as you can.

Recommended reading:

For more conveyancing advice for sellers click here.

Leasehold conveyancing for a sale

Conveyancing for a leasehold property is a great deal more involved than for a more straightforward freehold house.

Peterlee conveyancing solicitors will also carry out additional work, including asking for the most recent annual service charge accounts, through to reserve fund details.

To speed up the leasehold conveyancing process, it is strongly advised that you instruct a leasehold expert as soon as possible.

What if Quittance is acting for the other side?

Conveyancers regulated by the CLC can act for both the buyer and the seller. However, Solicitors Regulation Authority (SRA) rules ban a single conveyancing solicitor from acting on both sides in a property sale and purchase.

If you are buying or selling a Peterlee property, and a Quittance conveyancing solicitor is acting for the other side, you may wish to contact a law firm in Peterlee to carry out your legal work.

Local Peterlee conveyancing solicitor directory

  • Dma Law Limited, 9-11 Burnhope Way, Peterlee, County Durham, SR8 1BT
  • R Bell & Son, 25 Yoden Way, Peterlee, County Durham, SR8 1BP
  • Smith & Graham, 6 Upper Yoden Way, Peterlee, County Durham, SR8 1AX
  • TMJ Legal Services Limited, 14 Yoden Way, Peterlee, County Durham, SR8 1BP
  • C W Booth & Co, 3 Dene Terrace, Horden, Peterlee, County Durham, SR8 4JF

Conveyancing - Remortgaging a property in Peterlee

By far the most common reason homeowners remortgage is to secure a preferential rate. There are also any number of other reasons to think about remortgaging, such as switching from interest-only to repayment, or consolidating debts.

You would typically benefit from a lower rate faster with a more proactive conveyancing solicitor in Peterlee. With future interest rate changes hard to predict, fast conveyancing can be a critical factor in securing your preferred rate.

It is important that the property lawyer undertaking the legal work can act on behalf of the new mortgage lender. Quittance Conveyancing are on the panel for all major lenders, so no matter whether you are changing to an offset mortgage with Santander or to a long-term fixed mortgage with the Bank of Ireland, 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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