Updated: October 12, 2018

Syston conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Syston

Conveyancing solicitor fees are the charges you pay to your Syston conveyancing solicitor for the legal work associated with buying or selling a property.

How are Syston conveyancing fees calculated?

We work on a No Sale, No Fee basis with no nasty surprises in the small print, unlike some other conveyancing solicitors in Syston who offer services on a cost per hour basis. Your quote will explain all fees and other costs you will be charged when your sale or purchase completes.

Besides conveyancing fees, what other costs are there?

In addition to the solicitor's 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. These include costs like property searches or identity verification checks.

See: How much should conveyancing fees cost?

How much will the total Syston solicitor conveyancing fees be?

Though conveyancing fees in Syston will be the same as anywhere else in the UK, there may be some variation in certain disbursements. As examples, Local Authority Search fees can vary and additional region-specific searches, e.g. utilities searches, may be needed.

There are no hidden costs or nasty surprises with Quittance. For a standard conveyancing transaction, the fees we quote are the fees you pay. Calculate the conveyancing fees for your move, with our conveyancing fees calculator: Click here

Quittance's conveyancing fees were considerably cheaper than the average solicitors' fees

Conveyancing - Buying a property in Syston

The conveyancing for a home purchase needs a conveyancing solicitor in Syston to consider a wide range of issues. Examples of such factors are a defective title (e.g. missing rights) and Japanese Knotweed affecting the mortgageability of the property.

The buyer's property lawyer will report their findings back to the purchaser and their mortgage lender, help with resolving any problems and ensure that the change of ownership is registered at the Land Registry.

The content below considers those parts of the legal process for conveyancing solicitors in Syston where additional expertise is required.

Your Syston conveyancing solicitor must be lender-approved

Regardless of whether you are taking out a mortgage from the Harpenden Building Society, Santander or any other lender, before you select a conveyancing solicitor in Syston it is paramount that you confirm that they are approved by your lender.

Your conveyancer may be unable to act for your lender, because some lenders are only prepared to work with a restricted group of firms.

If this is the case, the lender will likely require an alternative law firm to carry out the legal work, and you will be expected to pay this alternate lawyer's fees. Adding another solicitor to the process can delay the whole purchase.

Failing to confirm your property lawyer's lender panel status can mean significant delays.

Our solicitors are approved to act for all mortgage lenders.

Conveyancing Searches (Charnwood Borough Council)

Searches are questions asked of various bodies by Syston conveyancing solicitors to identify information and potential issues affecting your new home. They include:

SearchDescription
Local Authority (LA) searchincludes the LLC1 Local Land Charge Register and CON29 Enquiry Form
Drainage & Water searchdescribes water mains and sewers, and confirms if these are privately maintained
Environmental searchcovers environmental issues within 500m of the property, including flooding, mining subsidence and the proximity of landfill and contaminated land sites.
Chancel repair liabilitydescribes the insurance to protect against any liability to the local parish for repairs.

Buyers will be informed if your mortgage lender wants any additional searches, e.g. a highways authority search or a more detailed environmental report.

Charnwood Borough Council has an average delivery time of 14 weeks for searches. A private search company will be able to provide this information sooner.

Planning searches

The buyer's conveyancing solicitor will obtain office copies from the Land Registry, helping to identify any potential issues. Examples of these include right of access issues or discrepancies between the property boundaries and the title plan.

Charnwood Borough Council Council Tax

The council tax paid by a homeowner is based on various factors that include the property's whereabouts and the value of the property as determined by the VOA in 1991. The occupier of a property in Valuation Band D, for example, would owe annual council tax of £1,709.

Conveyancing solicitors in Syston will inform the purchaser of the property's band once this is confirmed by the searches.

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 £1,282.

Other discounts and exemptions may also apply, for example a 10% discount for second homes or if the property is a 'granny annexe'.

Band Charnwood Borough Council Tax (2018)
A £1,139
B £1,329
C £1,519
D £1,709
E £2,089
F £2,469
G £2,848
H £3,418

Could you be overpaying?

To appeal contact:

Valuation Office Agency
Enkalon House
86-92 Regent Rd
Leicester
LE1 7DD
Leicestershire

Owners can ask for their property to be reassessed, but the band could be revised up as well as down.

Stamp Duty on Syston properties

If your home costs more than £125k then you will have to pay Stamp Duty Land Tax. Completing the SDLT1 form in order to pay stamp duty is a daunting prospect for a layperson.

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

The following table illustrates Stamp Duty Land Tax examples for typical properties in Leicestershire:

  Average sale price (2017) SDLT
Average price £237,400 £2,248.00
Average price (detached) £322,243 £6,112.15
Average new build £278,859 £3,942.95
If you own another home (including outside the UK)you will be subject to a 3% surcharge. E.g. if a second home was bought for £237,400 then the stamp duty including the surcharge would be £11,870.00. .

Stamp duty relief for first-time buyers in Syston

For first-time buyers, stamp duty is only payable on purchases over £300,000.

Conveyancing solicitors in Syston should ensure the right tax is paid.

Buying a flat? Leasehold conveyancing in Syston

New build site

Purchasing a leasehold home is not as straightforward as buying a freehold home. Spiralling ground rents, reversionary interests and unreasonable lease extension premiums are only some of the many potential difficulties lying in wait for the unsuspecting buyer.

Misguided leasehold advice, from an inexperienced lawyer, could have serious financial consequences.

A good conveyancing solicitor in Syston will consider possible leasehold issues, e.g. :

  • reviewing the lease itself
  • service charges and whether they have been collected
  • managing agent or landlord enquiries
  • freeholder plans to sell the building
  • unexpired lease terms

Make sure that you are fully-informed regarding your decision to buy a leasehold property thanks to our leasehold conveyancing solicitors.

Buying a 'New Build' property in Syston?

House being built

According to data compiled by the Land Registry, 86 new build properties have been bought in Syston in 2018 so far. The average price for Syston new build property is £279,049.

The legal side of buying a new build property can be complicated compared to other types of conveyancing. To avoid potential problems a conveyancing solicitor in Syston must be conscious of both region-specific issues and also should consider a range of factors, like handling unreasonable delays and negotiating new build contracts.

Our new build conveyancing department will provide an impartial view of the legal title of the house or flat, and in particular considerations like the home's future resaleability and sharply increasing ground rent and service charges (where applicable).

Conservation areas in Leicestershire

If you are planning to buy a residential property in a conservation area in Syston, the property must be compliant with any local conservation area building controls. These building controls, called Article 4 Directions, could include:

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

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

Your conveyancing solicitor will confirm whether the property you are buying is located in one of Syston's conservation areas.

Conveyancing - Selling a property in Syston

The conveyancing process on a house sale is much easier than when buying. The buyer will carry out due diligence on the property and its legal title. Conveyancing solicitors in Syston acting for the seller, however, mostly just collates requested paperwork (e.g. warranties and certificates) and replies to the solicitor's standard and additional enquiries .

Why do sales fall through?

Properties will frequently have any number of complex issues (e.g. a dispute with a neighbour or not having permission for alterations when in a conservation area) that can slow or frustrate a sale.

It is almost always advisable for vendors to face any such problems head on and fix them.

Recommended reading:

Read more sale conveyancing articles here.

Leasehold

Conveyancing for a leasehold property is much more difficult compared to a freehold house.

Leasehold complexity involves extra work on the part of conveyancing solicitors in Syston, including getting the latest service charge and ground rent statement, through to the minutes of the last AGM (if there is a management company).

Given the complexities of leasehold property, it is highly recommended that you instruct a lawyer with leasehold experience as early in the process as possible, and ideally before going on the market,.

Can Quittance conveyancers act for the buyer and the vendor in one transaction?

Conveyancers regulated by the Council for Licenced Conveyancers can act for both sides. However, SRA rules prevent the same conveyancing solicitor from working on behalf of both sides in a house sale and purchase.

If you are buying or selling a Syston property, and we are doing the legal work for the other side, you may wish to contact a property solicitor firm in Syston to carry out your conveyancing.

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Conveyancing - Remortgaging a property in Syston

People remortgage a home for a variety of reasons, including releasing equity, or moving from a tracker to a fixed-rate. The most common reason, however, is to save money with a lower rate.

A proactive conveyancing solicitor in Syston can reduce the remortgage processing time, perhaps saving you from a payment or two at your old rate. With the Bank of England base rate now at 0.5% (May 2018), fast conveyancing can play a key role in securing your preferred rate.

It is key that the property lawyer handling your remortgage can act on behalf of your new mortgage lender. Our conveyancing team are on the panel for all major UK lenders, so no matter whether you are changing to a 95% mortgage with the NatWest or to a variable-rate mortgage with the Dudley Building Society, our remortgage team 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

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