Award-winning No Move, No Fee conveyancing for Potters Bar home movers
By Gaynor Haliday, Legal researcher
Updated: October 12, 2018
Every year our award-winning no sale - no fee property lawyers help property sellers and buyers looking for conveyancing solicitors in Potters Bar and across Hertfordshire.
Quittance offer guaranteed fixed conveyancing fees, and because we are committed to better communication between all parties, you will always be up to speed regarding the progress of your move.
In the event that your property sale or purchase does not ultimately go ahead our no sale no fee guarantee means you won't have to pay any conveyancing solicitors' fees.
Potters Bar's most communicative conveyancing service
Approximately 50% of the home buyers and sellers answering a survey commissioned by InfoTrack did not receive adequate communication from their conveyancing solicitor.
The customer service charters of both the Law Society's CQS and the CLC are heavily focussed on resolving the issue of sub-standard conveyancing solicitor communication.
Even though conveyancing the Council for Licensed Conveyancers and the SRA are addressing the problem, according to a Conveyancing Association survey, 0.25 of property purchases fall through due to inadequate communication.
Keeping you updated
Our team of Potters Bar conveyancing solicitors offer the UK's most communicative and client-friendly property legal service. We provide you with the answers you need wherever you are, using the communication method of your choice:
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Updated: October 12, 2018
Potters Bar conveyancing solicitor fees
No Move, No Fee conveyancing in Potters Bar
Conveyancing solicitor fees are the costs you pay your Potters Bar conveyancing solicitor for the legal work associated with buying or selling a property.
Are Potters Bar conveyancing fees and costs fixed?
Some conveyancing solicitors in Potters Bar carry out the legal work on an hourly rate, 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 nasty surprises in the small print. Your conveyancing quote will set out what you will be charged when your sale or purchase completes.
Are there any other costs in addition to conveyancing fees?
You will need to budget for 'disbursements', on top of the conveyancing fees.
Disbursements are the costs and expenses a solicitor needs to pay out on behalf of a client, such as leasehold information packs or Stamp Duty Land Tax.
How much will the total conveyancing fees in Potters Bar cost?
Though conveyancing fees in Potters Bar will usually match prices elsewhere in the UK, there may be some variation in certain disbursements. For example, Local Authority (LA) Search fees will vary and additional region-specific searches, e.g. a commons registration search, may be needed.
There are no hidden costs or nasty surprises with Quittance Conveyancing. For a standard sale or purchase, the conveyancing fee we quote is the fee you pay. To calculate your conveyancing fees, try our conveyancing fees quote calculator: Click here
Conveyancing - Buying a property in Potters Bar
When carrying out the conveyancing for a property purchase, the conveyancing solicitor in Potters Bar will carry out due diligence on the property's title and report back to the purchaser and the mortgage lender (if applicable).
The conveyancer will offer professional advice following their enquiries, help to fix or resolve any legal issues and confirm that the Land Registry's record of the property is updated.
This section of the article discusses the kinds of property that carry additional risk for people who need conveyancing solicitors in Potters Bar for a purchase.
- Conveyancing solicitors in Bushey
- Conveyancing solicitors in Hatfield
- Conveyancing solicitors in Stevenage
- Conveyancing solicitors in Hertfordshire
Your Potters Bar conveyancing solicitor must be lender-approved
Whether you are getting a mortgage from Coutts, NatWest or any other lender, before you instruct a conveyancing solicitor in Potters Bar it is very important that you make sure that they can act for your chosen lender.
Your conveyancer may not be able to carry out the legal work on behalf of your chosen lender, because some lenders are only prepared to work with a select list (referred to as a 'panel') of solicitors or licensed conveyancers.
If this is the case, the lender will probably require a different law firm to complete the legal work, and you will be expected to pay this substitute solicitor's fees. Handling paperwork and correspondence with this additional party can delay the process.
Our solicitors are on the panel of all mortgage lenders.
- Lloyds Bank
- Barclays Bank
- HSBC Bank
- The Royal Bank of Scotland
- Santander Bank
- Nationwide Building Society
- Halifax Bank
- All UK lenders
Residential Property Searches (Hertsmere Borough Council)
Property searches (sometimes referred to as 'conveyancing searches') are questions asked of various bodies by Potters Bar conveyancing solicitors to give details about your planned purchase.
These searches include the local authority (LA) search, drainage & water search, environmental search and chancel repair liability.
You will be told if your mortgage lender wants any additional searches, for example a more detailed flood report or an agricultural search.
Homebuyers can expect to wait around 10 weeks for LA searches obtained from Hertsmere Borough Council. Your solicitor will instead apply for personal searches, which are usually faster.
Ensuring planning permission is in place
The buyer's conveyancing solicitor will also order an 'Official Copy of the Title Register' from HM Land Registry, helping to evidence any planning issues. Examples of these include the title plan showing only very general boundaries or neighbours' rights of access.
Hertsmere Borough Council Council Tax
The amount of council tax a homeowner in Potters Bar will pay to Hertsmere Borough Council will depend on the property's value and the number of residents. The occupier of a property in Valuation Band C, for example, would owe annual council tax of £1,499.
Conveyancing solicitors in Potters Bar will inform the buyer of the property's 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 £1,124.
Other discounts and exemptions may also apply, e.g. unoccupied properties undergoing major repairs or structural changes or for foreign language students.
|Band||Hertsmere Borough Council Tax (2018)|
Are you paying too much?Contact the VOA for more information on how to challenge your tax band:
Valuation Office Agency
305 Chase Rd
The Valuation Office Agency should reassess a property's band on request.
Stamp Duty on Potters Bar properties
SDLT is paid to HMRC and the buyer's conveyancing solicitor will ensure that the tax return process is carried out.When buying a home, SDLT will probably need to be paid if the property is valued at over £125,000.
Quittance Conveyancing is able to administer the SDLT process faster and more efficiently than ever, using integrated online systems.
See SDLT examples for properties in Potters Bar:
|Average sale price (2017)||Stamp Duty|
|Average price (detached)||£882,611||£34,130.55|
|Average new build||£341,556||£7,077.80|
Stamp duty relief for first-time buyers in Potters Bar
First-time buyer stamp duty relief is available on property purchases below £300,000. Homeowners must pay a higher rate of SDLT when buying a second home. Following the example above, if a homeowner bought a second home in Potters Bar for the average price of £556,389 the SDLT would be £44,511.12.
Conveyancing solicitors in Potters Bar should ensure the correct amount is calculated.
Buying a flat? Leasehold conveyancing in Potters Bar
Purchasing a leasehold home without understanding the implications can be costly. Numerous legal complications could be lying in wait for the unsuspecting purchaser, including:
- short leases
- costly and undisclosed major works
- reversionary interests
- unreasonable ground rents
A good conveyancing solicitor in Potters Bar will address aspects of leasehold, for example :
- reviewing the lease itself (many leases are decades old)
- dealing with landlords
- service charges
- proposed major works (Section 20 notices)
Make sure that you are aware of all the potential issues and costs associated with the lease - Contact Quittance Conveyancing's team of leasehold conveyancing solicitors today on 0800 612 0377.
Buying a 'New Build' property in Potters Bar?
The average price for new build properties in Potters Bar is £341,556, (HMLR data). 27 new builds were purchased in Potters Bar last year.
A new-build conveyancing solicitor in Potters Bar must be aware of local Potters Bar considerations and new build's additional complexities, e.g. confirming Section 38 agreements and squaring developer incentives with lenders.
Our award-winning team of conveyancers are specialists in helping new build purchasers obtain the best possible terms and working to developer exchange timeframes.
Conservation areas in Hertfordshire
When acting for the buyer of a home in Potters Bar, a conveyancing solicitor will need to check whether the house is in a conservation area in Potters Bar. If it is, the home could be affected by certain conditions. These conditions, referred to as Article 4 Directions, can include a range of factors from restrictions on joinery colour choices, to restrictions on replacing windows.
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 Potters Bar.
Conveyancing - Selling a property in Potters Bar
Conveyancing for a property sale is much easier than for a purchase. The buyer's conveyancer does a comprehensive legal review on your home. Conveyancing solicitors in Potters Bar acting for the seller, however, simply responds to enquiries made by the buyer's solicitor.
What factors could threaten your sale?
Homes can face numerous possible issues (e.g. missing planning regulations or having a defective lease) which may prolong the sale process.
Don't put off finding a solution, trusting that the issue won't be discovered. Instead, talk to a professional and work to resolve it proactively.
- What to do before selling your 'share of freehold' flat
- Japanese Knotweed? What to do before selling your home
- The Essential Conveyancing Guide for Sellers in 2018
Read more helpful advice for sellers here.
Leasehold conveyancing for a sale
The legal work for a leasehold flat or house is much more complex compared to a freehold house.
The complexities of leasehold mean conveyancing solicitors in Potters Bar will usually undertake additional tasks, such as obtaining an up-to-date service charge statement, through to a copy of any required license to assign.
It would be prudent to get a lawyer as soon as an estate agent is chosen to reduce the impact of any leasehold-caused problems.
What if Quittance is already acting for the other side?
A CLC-regulated conveyancer can act for both the buyer and the seller. However, Solicitors Regulation Authority (SRA) rules restrict a single conveyancing solicitor from acting on both sides in a property sale and purchase.
If you are buying or selling a home in Potters Bar, and a Quittance conveyancer is carrying out the legal work for the other side, you could contact a local Potters Bar conveyancing solicitor firm to handle your legal work.
Local Potters Bar conveyancing solicitor directory
- Bishopsgate Law Ltd, 45 Darkes Lane, Potters Bar, Hertfordshire, EN6 1BJ
- Rexel UK Limited, 5th Floor, Maple House, Mutton Lane, Potters Bar, Herts, EN6 5BS
- Dickins Shiebert Limited, Matthew House, 45-47 High Street, Potters Bar, Hertfordshire, EN6 5AW
- Guardian Wills and Probate Services Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS
- Wason Lawrance Holder, Lantern House, 39-41 High Street, Potters Bar, Hertfordshire, EN6 5AJ
Conveyancing - Remortgaging a property in Potters Bar
Whilst homeowners consider remortgaging for a range of reasons, homeowners usually remortgage a home to secure a better rate of interest.
You should be able to enjoy a lower rate sooner by using a more proactive conveyancing solicitor in Potters Bar, working to shorten the processing time of the legal work. With the base rate set at 0.5% (May 2018) and possible rate rises on the horizon, fast conveyancing can be a key consideration when getting onto your new rate as quickly as possible.
The property lawyer carrying out your remortgage should also be able to act for your preferred mortgage provider. Quittance Conveyancing are panel members of all major banks and building societies. So no matter whether you are switching to a fixed-rate mortgage with the Bank of Scotland or to a joint mortgage with the Chelsea Building Society, we can assist.
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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