Updated: October 12, 2018

Saffron Walden conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Saffron Walden

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

How are Saffron Walden conveyancing fees calculated?

Some conveyancing solicitors in Saffron Walden work on an hourly-rate basis, whereas others work on a fixed fee (or 'No Move, No Fee'). Our conveyancing solicitors work on a No Sale, No Fee basis, with no hidden costs. Your conveyancing quote sets out all fees and disbursements you will need to pay when your property transaction has completed.

Are there any other costs in addition to conveyancing fees?

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

Disbursements are fees, costs or taxes that your property solicitor will have to pay to third parties on behalf of their client, such as bankruptcy searches or managing agent fees.

See: Complete list of conveyancing fees and disbursements

How much will the total conveyancing fees in Saffron Walden cost?

Though conveyancing fees in Saffron Walden will be the same as anywhere else in the UK, the disbursements required can vary. As examples, specific extra searches, such as transport searches, may be necessary and Local Authority Search fees can vary.

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

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

Conveyancing - Buying a property in Saffron Walden

There is now an obligation on a seller to disclose any property defects or disputes to their estate agent and to the purchaser.

It is, however, still the duty of the Saffron Walden conveyancing solicitor to investigate the property, so that they can report back in detail to the buyer and the lender, find solutions to outstanding defects and other issues and register the new owner's title at the Land Registry.

This article considers those parts of the legal process for conveyancing solicitors in Saffron Walden requiring a deeper level of knowledge.

Your Saffron Walden conveyancing solicitor must be lender-approved

Whether your mortgage is with a less common lender like the Buckinghamshire Building Society or a large lender such as Birmingham Midshires, before you instruct a conveyancing solicitor in Saffron Walden it is vital that you check that they can act on behalf of your chosen lender.

Many banks and building societies only accept a restricted group of firms. If a conveyancer is not on the panel of your chosen lender, the lender will require an alternative firm to complete the legal work.

The borrower will be expected to pay this alternative lawyer's fees, and weeks could be added to the conveyancing process.

Your purchase can be seriously delayed if you fail to confirm your solicitor's lender panel status.

Our conveyancing solicitors can carry out the legal work for all major and minor mortgage providers.

Property Searches (Uttlesford District Council)

Searches are carried out by Saffron Walden conveyancing solicitors to expose any pertinent information that might compromise how much your property will be worth.

Banks and building societies typically also require searches (as set out in the CML Handbook) to be obtained. These include:

SearchDescription
Local Authority (LA) searchincludes the LLC1 Local Land Charge Register and CON29 Enquiry Form
Environmental searchdescribes hazards (such as historic flooding or mining subsidence) within 500m of the property. This search also identifies sites of contaminated land nearby.
Drainage & Water searchconfirms who is responsible for the upkeep of the water pipes and drainage that serve the property.
Chancel repair liabilityinsurance is arranged to protect the buyer against any liability for local parish church repairs.

More specialised searches, such as a radon gas search or a contaminated land report, may also be recommended in the initial LA and Environmental searches.

The approximate delivery time for Local Authority searches provided by Uttlesford District Council is 4 weeks. Your conveyancer will recommend using a faster search agent.

Checking planning status

The buyer's conveyancing solicitor will request office copies from HM Land Registry, assisting with the identification of any potential issues, such as outbuildings lying outside the boundary or the breach of a restrictive covenant.

Uttlesford District Council Council Tax

Council tax is calculated by Uttlesford District Council on property value and the number of people living in the property. E.g. a property in the Uttlesford District Council area in Band C would pay £1,507 per annum.

Conveyancing solicitors in Saffron Walden will inform the buyer of the property's tax band once they have the Local Authority search results.

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 £1,130.

Other discounts and exemptions may also apply, e.g. if the property is a second home then a 10% discount will be applied or where the property is a hall of residence. The Valuation Office Agency (VOA) assess council tax bands for newly-constructed property, and where the owner has requested a revaluation.

Band Uttlesford District Council Tax (2018)
A £1,130
B £1,319
C £1,507
D £1,695
E £2,072
F £2,449
G £2,826
H £3,391

Can I dispute my band?

A homeowner can apply for their property to be reassessed, but the band could be revised up as well as down. To challenge your banding contact:

Valuation Office Agency
Eastbrook
Shaftesbury Rd
Cambridge
CB2 8DU
Cambridgeshire

Stamp Duty on Saffron Walden properties

When purchasing a home, Stamp Duty Land Tax will probably need to be paid if the property is valued at over £125,000. SDLT is paid to HMRC and the buyer's conveyancing solicitor will ensure that the tax return process is carried out.

Quittance Conveyancing's investment in the latest integrated case management system means that HMRC filing objections are a thing of the past.

This table sets out Stamp Duty Land Tax for average property in Saffron Walden:

  Average selling price (2017) SDLT
Average price £463,269 £13,163.45
Average price (detached) £628,894 £21,444.70
Average new build £593,395 £19,669.75

Stamp duty relief for first-time buyers in Saffron Walden

For first-time buyers, stamp duty is only payable on purchases over £300,000. Since 1st April 2016, buyers of second homes are subject to a surcharge of 3%, even if the home is not let out. Therefore, if a homeowner in Saffron Walden bought a second property for the average price of £463,269 the SDLT would be £37,061.52.

Conveyancing solicitors in Saffron Walden will confirm the correct tax is paid.

Buying a flat? Leasehold conveyancing in Saffron Walden

New build site

The risks of leasehold property ownership remain of serious concern. Exponential ground rents, overpriced managing agent packs and unfair clauses in the lease are but a few of the frequent complications awaiting an uninformed buyer.

Erroneous leasehold advice, from an inexperienced property lawyer, can have serious consequences.

A good conveyancing solicitor in Saffron Walden will consider potential leasehold issues, such as ground rents and service charges, landlord/tenant disputes and managing agent practices.

Our specialist leasehold conveyancing solicitors will ensure that you are fully-informed regarding your planned purchase.

Buying a 'New Build' property in Saffron Walden?

House being built

According to data gathered by Her Majesty's Land Registry, the average cost of Saffron Walden new builds is £593,395. 40 brand new homes were purchased in Saffron Walden last year.

A new-build conveyancing solicitor in Saffron Walden must be aware of both local issues and new build's additional complexities, such as squaring developer incentives with lenders, ensuring that the contract is in the buyer's favour and working with warranty providers, including NHBC, Premier Guarantee? and ACHI/Vantage.

With Quittance Conveyancing, you will get an independent view of the legal title of the house or flat, paying close attention to factors ranging from unfair leasehold conditions to possible freehold acquisition traps.

Conservation areas in Essex

When carrying out the conveyancing for a purchase in Saffron Walden, a conveyancing solicitor will confirm whether the property is in one of Saffron Walden's conservation areas. If it is, the home will be affected by certain building controls. These building controls, called Article 4 Directions, may include:

  • Limits on roof terraces
  • Restrictions on dormer windows
  • Requiring consent to alter doors and guttering

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

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

Conveyancing - Selling a property in Saffron Walden

The conveyancing process on a house sale is much easier than for a property purchase. The purchaser undertakes a comprehensive legal review on the property and its legal title, whereas conveyancing solicitors in Saffron Walden acting for the seller effectively just collects all documents and information relating to the property and answers the purchaser's enquiries .

What factors could threaten your sale?

Properties can face many legal problems (for example being situated on a flood plain) that have the capacity to prevent the conveyancing process from completing.

Property experts generally advise that sellers handle any such problems without delay.

Useful reading:

For more conveyancing advice for sellers click here.

Leasehold

The legal work for a leasehold flat is significantly more technical in comparison with a freehold house.

Leasehold complexity involves additional legal work on the part of conveyancing solicitors in Saffron Walden, for example collating all relevant freeholder information or a copy of the building's asbestos survey (if required).

To help mitigate the delays involved in selling a leasehold property, it is highly recommended that the vendor contact a solicitor as soon as possible.

Can Quittance conveyancers act for the buyer and the seller of the same home?

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

You may want to instruct a property solicitor firm in Saffron Walden to carry out your conveyancing, if we are acting for the other side.

Local Saffron Walden conveyancing solicitor directory

  • Fairhurst Menuhin & Co Ltd, Thorn House, 11a Hill Street, Saffron Walden, Essex, CB10 1EH
  • Heckford Norton, 18 Hill Street, Saffron Walden, Essex, CB10 1JD
  • Adams Harrison, 14-16 Church Street, Saffron Walden, Essex, CB10 1JW
  • Pellys Solicitors Limited, 12 Market Walk, Saffron Walden, Essex, CB10 1JZ
  • Stanley Tee LLP, 68 High Street, Saffron Walden, Essex, CB10 1AD

Conveyancing - Remortgaging a property in Saffron Walden

People remortgage for all sorts of reasons, for example borrowing more to help pay for an extension, or switching from interest-only to repayment. The most common reason, however, is to secure a better rate of interest.

You can benefit from a lower rate sooner with a more efficient conveyancing solicitor in Saffron Walden, shortening the time the conveyancing takes. With the future of interest rates uncertain, fast conveyancing can be a contributing factor to securing your preferred rate.

So that they can make sure that the lender's interests are safeguarded, the property lawyer handling your remortgage will represent both you and the mortgage lender.

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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