Updated: October 12, 2018

Sandown conveyancing solicitor fees

No Move, No Fee conveyancing in Sandown

Conveyancing solicitor fees are paid to conveyancing solicitors in Sandown for handling the legal work for your move.

How are Sandown conveyancing fees calculated?

Some conveyancing solicitors in Sandown carry out the legal work on a price per hour basis. Some conveyancers will complete the work for a fixed fee (or 'No Move, No Fee'). We work on a guaranteed fixed conveyancing fee basis, with no hidden costs. Your conveyancing quote will explain what you will be charged when your sale or purchase completes.

Are there any other costs?

On top of the conveyancing fees you will also need to budget for 'disbursements'.

Disbursements are the costs and expenses a solicitor needs to pay out on behalf of a client, such as managing agent fees or Stamp Duty.

See: How much should conveyancing fees cost?

How much will conveyancing in Sandown cost in total?

Whilst conveyancing fees in Sandown will be the same as anywhere else in the UK, there may be some variation in certain disbursements. As examples, additional region-specific searches, such as a flooding search, may be needed and Local Authority Search fees can vary.

For standard conveyancing transactions, the conveyancing fee we quote is the fee you pay. With Quittance, there are no hidden fees or surprises in the small print. Calculate the conveyancing fees for your move, with our conveyancing fees calculator: Click here

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

Conveyancing - Buying a property in Sandown

A seller is now required to disclose issues that could affect the value or enjoyment of their property to the prospective buyer.

It is, however, still the duty of the conveyancing solicitor in Sandown to carry out due diligence on the property, report back in detail to the buyer and the lender, solve outstanding issues and ensure that the full legal ownership is transferred.

This section of the article examines the property types that carry additional risk for homebuyers searching for conveyancing solicitors in Sandown.

Your Sandown conveyancing solicitor must be lender-approved

There are around 100 UK lenders, from a financial institution like Coutts Finance, to a large lender such as Lloyds Bank. Before appointing a Sandown conveyancing solicitor, whoever you choose, it is very important that you make sure that they can act for your chosen lender.

Your lawyer may be unable to act for your chosen lender, because some banks and building societies are only prepared to work with a selected list (known as a 'panel') of legal firms that meet strict criteria.

If that is the case, the lender will require a different solicitor firm to act in their interests, and you will then have to cover this alternate lawyer's fees. Adding another solicitor to the process can delay the whole purchase.

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

Our solicitors can perform the conveyancing for all mortgage lenders.

Isle of Wight Council Council Tax

Isle of Wight Council calculate council tax on Sandown homes based on the number of occupants and the historic value of the property (as valued at 1 April 1991). For instance for an average Valuation Band C residential property in Sandown, the amount payable would be £1,606 per year.

Conveyancing solicitors in Sandown will inform the purchaser of the home's council tax band once they have the Local Authority search results.

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 (25%) would reduce the tax due to £1,204.

Other discounts and exemptions could also apply, for example a 10% discount for second homes or if the property is owned by a charity and is unoccupied. Homes constructed after 1991 are assessed by the Valuation Office Agency (VOA).

Band Isle of Wight Council Tax (2018)
A £1,204
B £1,405
C £1,606
D £1,807
E £2,208
F £2,610
G £3,011
H £3,613

A property owner can also ask for their property to be reassessed. Contact the VOA for more information on how to challenge your tax band:

Valuation Office Agency
Broadlands House
Staplers Rd
Newport
PO30 2HX
Isle of Wight

Stamp Duty on Sandown properties

If the purchase price of the residential property you intend to buy is over the £125,000 threshold, you must pay stamp duty. Stamp duty is paid after an SDLT1 form is completed. The form is hard to understand in places - even some non-conveyancing solicitors struggle with it.

Quittance is able to administer the stamp duty process faster and more efficiently than ever, using integrated online systems.

This table sets out stamp duty for average property in Sandown:

  Average sale price (2017) SDLT
Average price £215,924 £1,818.48
Average price (detached) £268,337 £3,416.85
Average new build £348,696 £7,434.80

Stamp duty relief for first-time buyers in Sandown

Since Nov 2017, if you are a first-time buyer, you only pay stamp duty on property valued at over £300k. Homeowners must pay a higher rate of SDLT for the purchase of a second home. Following the example above, if a homeowner bought a second home in Sandown for the average price of £215,924 the SDLT would be £10,796.20.

Sandown conveyancing solicitors will confirm the correct tax is paid.

Buying a flat? Leasehold conveyancing in Sandown

New build site

Buying a leasehold home without being aware of the facts can be fraught with risk. The many potential traps awaiting an uninformed purchaser could include:

  • exponential ground rents
  • costly and undisclosed major works
  • short leases
Serious financial ramifications can result from an inexperienced property lawyer's failure to advise you correctly regarding your planned leasehold purchase.

A good conveyancing solicitor in Sandown will consider potential leasehold issues, e.g. :

  • checking the lease itself
  • current-year service charge estimates
  • dealing with freeholders and managing agents
  • missing building regs and planning

Ensure that you are aware of all the potential issues and costs associated with the lease - Contact Quittance Conveyancing's specialist leasehold conveyancing solicitors on 0800 612 0377.

Buying a 'New Build' property in Sandown?

New build site

The average cost of new build homes in Sandown is £348,696, (HMLR data). 10 brand new properties were purchased in Sandown last year.

A new-build conveyancing solicitor in Sandown must be aware of local issues and the extra complexities of new build, such as dealing with incomplete service connection agreements, dealing with delays associated with off-plan and working with warranty providers, including NHBC, Zurich Municipal and Capital Warranties.

Our award-winning new build team are experts in ensuring that new build contracts favour the client as much as possible and meeting short developer deadlines.

Conservation areas in Isle of Wight

Whether you are going to buy a character cottage or an Edwardian house, if the house is in a designated conservation area, any planned alterations to the house may not be allowed by the local authority.

These conditions can include possible restrictions on solar panel positioning, restrictions preventing the addition of new access or restrictions on extensions normally within Permitted Development rights.

The local authority can order any non-compliant alterations to a property to be changed or removed, such as removing a new garden wall.

Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Sandown.

Conveyancing - Selling a property in Sandown

The legal side of a house sale is less difficult than for a purchase. For a house purchase, the onus lies with the purchaser to verify that the title of the property they are buying is legally sound.

With a sale, conveyancing solicitors in Sandown acting for the current owner effectively just answer the purchaser's enquiries.

What could jeopardise your sale?

Homes can face legal issues (e.g. tree preservation orders) which may prolong your move.

Don't shy away from finding a solution in the hope that any issues won't be spotted - get professional advice instead, square up to the issue(s), and find a solution as quickly as possible.

Useful reading:

Read more sale conveyancing articles here.

Selling a leasehold property

The legal work for a leasehold flat or house is significantly more specialised than for a freehold house.

Sandown conveyancing solicitors must usually carry out further legal work, including collating an up-to-date service charge statement, through to details of any unresolved disputes.

It would be prudent to get a lawyer as soon as the decision is made to sell to help mitigate predictable leasehold delays.

Can your conveyancing solicitors act for both sides?

A CLC-regulated conveyancer can act for both sides. However, Solicitors Regulation Authority (SRA) rules prevent the same conveyancing solicitor from working on behalf of both sides in a house sale.

You may wish to contact a law firm in Sandown to undertake your legal work, if we are acting for the other side.

Local Sandown conveyancing solicitor directory

  • Jerome & Co Solicitors Limited, 11 High Street, Sandown, Isle of Wight, PO36 8DA

Conveyancing - Remortgaging a property in Sandown

The main reason people remortgage is simply to get a better rate. There are also any number of other reasons to switch lenders or mortgage deals, for example funding a one-off purchase, or the current mortgage deal coming to an end.

You can enjoy the benefits of a better rate earlier by using a more proactive conveyancing solicitor in Sandown, accelerating the time taken to complete the process. With the Bank of England base rate now at 0.5% (May 2018), fast conveyancing can be a crucial factor in getting onto your new rate as quickly as possible.

To confirm that the lender's investment is secured, the property lawyer will act for both you and the new 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

Instant online conveyancing solicitor quote

Quittance Conveyancing delivers fast, proactive and communication-focused conveyancing to Sandown 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 Sandown 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!