Award-winning No Move, No Fee conveyancing for Tower Hamlets home movers
By Gaynor Haliday, Legal researcher
Updated: October 12, 2018
Whether you are buying or selling a home, and need conveyancing solicitors in Tower Hamlets, our award-winning no sale, no fee property lawyers can assist.
We proactive communication to keep you updated 24/7 and our 100% fixed conveyancing fees service means no hidden costs.
If, for any reason at all, your sale or purchase does not complete our no move no fee service means you will not have to pay any conveyancing solicitors' legal fees.
Tower Hamlets's most communicative conveyancing service
According to a Veyo poll, 1 in 3 of the respondents reported that they were not kept in the loop during the conveyancing process.
The regulatory bodies for Tower Hamlets conveyancing solicitors are concerned with promoting proactive communication, and the charters of the CLC and the Law Society's CQS underscore better communication standards.
Nevertheless, according to a Conveyancing Association survey of 1,500 people, 46% of homemovers felt that their sale or purchase would have completed sooner with better communication.
Quittance Conveyancing's team of Tower Hamlets conveyancing solicitors provide a market-leading property legal service. We provide clients with a proactive and informative service using phone, email and online, 7 days a week:
- Best Tower Hamlets conveyancing solicitors fees
- We are open weekends - Saturday (9am-1pm)
- Open Mon to Thurs 9am-8pm & Fri 9am-6pm
- Powerful technology to track your case
- Regular updates via your chosen method (including SMS, phone and email)
- DDI and email address for your lawyer
Updated: October 12, 2018
Tower Hamlets conveyancing solicitor fees
No Move, No Fee conveyancing in Tower Hamlets
Conveyancing solicitor fees are paid conveyancing solicitors in Tower Hamlets for the legal work associated with buying or selling a property.
Do Tower Hamlets conveyancing solicitors work on a fixed fee basis?
We work on a fixed No Sale, No Fee conveyancing basis with no nasty surprises in the small print, unlike some other conveyancing solicitors in Tower Hamlets who will work on a fees per hour basis. Your conveyancing quote will set out exactly what you will need to pay when your house or flat sale completes.
Are there any other costs?
In addition to conveyancing solicitor 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 Land Registry fees or office copies.
How much will conveyancing in Tower Hamlets cost in total?
Although conveyancing fees in Tower Hamlets will be the same as anywhere else in the UK, there can be variation in the disbursements required. As examples, Local Authority (LA) Search fees will vary and specific extra searches, such as utilities searches, may be necessary.
For a standard home sale or purchase, the fees we quote are the fees you pay. There are no hidden fees or costs to be paid with Quittance. To calculate the conveyancing fees for your move, try our conveyancing fees quote calculator: Click here
Conveyancing - Buying a property in Tower Hamlets
The London Borough of Tower Hamlets lies north of the River Thames and covers much of the traditional East End of London and includes the former metropolitan boroughs of Stepney, Bethnal Green and Poplar.
Much of the area includes the redeveloped Docklands region, including Canary Wharf, with the world headquarters of many global financial businesses, employing some of the highest paid workers in London.
Within the borough are over 100 parks and open spaces, with Victoria and Mile End parks being the largest. Transport links to central London are numerous.
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Conveyancing for purchasers
Caveat emptor, meaning 'let the buyer beware', was the legal principle of English property law. This maxim no longer applies, however, it remains the responsibility of a homebuyer and their solicitor to investigate their intended purchase.
A conveyancing solicitor in Tower Hamlets will make recommendations once their enquiries are complete, deal with any legal problems and ensure that the full legal ownership is transferred.
This section discusses the kinds of residential property that may be of concern to buyers searching for conveyancing solicitors in Tower Hamlets.
Your Tower Hamlets conveyancing solicitor must be lender-approved
Regardless of whether your mortgage is with a large lender like the Co-operative Bank or a niche mortgage lender such as the Darlington Building Society, before appointing a conveyancing solicitor in Tower Hamlets it is paramount that you confirm that they are on the panel of your lender.
A lot of lenders are only prepared to work with a selected list (known as a 'panel') of law firms that meet strict criteria. If a conveyancer can't act for your lender, the lender will need an alternative law firm to complete the legal work.
The borrower will be expected to pay this second lawyer's fees and the conveyancing process could take much longer.
Our conveyancing solicitors can act for all mortgage providers.
- Lloyds Bank
- Barclays Bank
- HSBC Bank
- The Royal Bank of Scotland
- Santander Bank
- Nationwide Building Society
- Halifax Bank
- All UK lenders
Searches (Dover District Council)
Searches are questions submitted to public bodies by Tower Hamlets conveyancing solicitors to highlight issues affecting the property being purchased.
Searches are firstly carried out to meet lender requirements. These searches include the local authority (LA) search, environmental search, drainage & water search and chancel repair liability.
Your solicitor will notify you if your mortgage lender insists on any further searches, such as a highways search or a more detailed plan search.
Dover District Council has a typical delivery time of 13 weeks for Local Authority searches, so your solicitor will instead apply for quicker personal searches.
The buyer's conveyancing solicitor will apply for official entries from HMLR. This will help to expose any issues. Examples of these include discrepancies between the property boundaries and the title plan or that a restrictive covenant has been breached.
Dover District Council Council Tax
As a homeowner in Tower Hamlets, 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. the occupier of a Band B house in the Dover District Council area would pay annual council tax of £1,344.
A conveyancing solicitor in Tower Hamlets will inform the purchaser of the property's 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 reduces the tax due to 75% which would equal £1,008.
Other discounts and exemptions may also apply, for example if the property is uninhabited (for the first 60 days) or properties awaiting grant of probate.
|Band||Dover District Council Tax (2018)|
Are you about you buy a home in the wrong council tax band?
In the financial year 2016/17, 20 council tax challenges were made. 10 were upheld and refunds awarded. Contact the VOA for more information on how to challenge your tax band:
Valuation Office Agency
Stamp Duty on Tower Hamlets properties
Quittance's online case management system are fully integrated with Her Majesty's Revenue and Customs (HMRC)'s online SDLT filing systems.
See table below for SDLT examples for properties in Tower Hamlets:
|Average sale price (2018 to date)||Stamp Duty|
|Average price (detached)||£1,140,000||£57,750.00|
|Average new build||£604,836||£20,241.80|
Stamp duty relief for first-time buyers in Tower Hamlets
First-time buyer stamp duty relief is available on property purchases below £300,000. Since 1st April 2016, buyers of second homes are subject to a higher rate of 3%, even if the property is not rented out. Following the example above, if a homeowner bought a second property in Tower Hamlets for the average price of £544,181 the SDLT would be £43,534.48.
Tower Hamlets conveyancing solicitors should ensure the correct amount is calculated.
Buying a flat? Leasehold conveyancing in Tower Hamlets
Purchasing a leasehold house or flat without knowing what you are getting into can be risky. Doubling ground rents, marriage value issues and reversionary interests are but a few of the many common complications lying in wait for the unsuspecting buyer.
If you are planning to buy a leasehold home, a expert conveyancing solicitor in Tower Hamlets will investigate aspects of the leasehold purchase, including :
- reviewing the lease itself (some leases are over 100 years old)
- dealing with freeholders
- possible service charge shortfalls
- freeholder granted consents under the lease
- reserve funds
Quittance Conveyancing's leasehold conveyancing solicitors will make sure that you are aware of all the potential issues and costs associated with the lease.
Buying a 'New Build' property in Tower Hamlets?
According to data sourced by the HM Land Registry, the average price for Tower Hamlets new build homes is £604,836. 48 new builds have been bought in Tower Hamlets in 2018 so far.
A new-build conveyancing solicitor in Tower Hamlets needs to be conscious of local Tower Hamlets issues and new build's additional complexities, such as investigating developer incentives and working to builders' exchange timelines.
With Quittance Conveyancing, you will get an impartial assessment of the legal status of the property, whilst being mindful of concerns ranging from unreasonable leasehold terms to exponential ground rent and service charges (where applicable).
Your conveyancing solicitor will check if the home you are buying is in a conservation area in Tower Hamlets. If it is, the property could be affected by certain conditions. Referred to as Article 4 directions, these restrictions may include restrictions on the removal of front boundary walls, limits on the use of cladding or limitations on new outbuildings.
The new owner could be ordered to pay for necessary changes to bring a property in line with current regulations, even if the previous owner was responsible for the changes.
Tower Hamlets conservation areas include Commercial Road, Whitechapel Market and All Saints' Church. Your Quittance conveyancing solicitor will confirm if the property you are purchasing is located in a conservation area in Tower Hamlets.
Conveyancing - Selling a property in Tower Hamlets
Conveyancing for a house sale is generally simpler than for a purchase. When property changes hands, the onus is on the buyer to verify that the legal title of the property can be mortgaged and is free from legal issues.
On the other side of the transaction, conveyancing solicitors in Tower Hamlets acting for the seller only need to answer enquiries made on behalf of the buyer.
How to give yourself the best chances of success
Homes can be burdened by many possible complications (for example issues with neighbours' rights over the property or being situated on a flood plain) that can jeopardise a transaction.
Property experts will almost always advise to sellers that they handle any such problems as soon as they come to light.
- Noisy neighbours? What to do before selling your home
- What to do before selling your 'share of freehold' flat
- The Essential Conveyancing Guide for Sellers in 2018
Read more conveyancing advice for sellers.
The legal work for a leasehold flat or house is significantly more specialised than it is for a freehold home.
The complexities of leasehold mean conveyancing solicitors in Tower Hamlets must carry out additional work, for example sourcing an up-to-date service charge statement or details of the length of leases of other flats in the block.
It is strongly advised that you instruct a leasehold-specialist conveyancer as soon as possible to ensure the legal technicalities are handled correctly.
Can your conveyancing solicitors act for the buyer and the vendor in one transaction?
A conveyancer who is regulated by the CLC can act for both parties. However, Solicitors Regulation Authority rules restrict the same conveyancing solicitor from working on behalf of both sides in a property sale.
You could instruct a property solicitor firm in Tower Hamlets to carry out your legal work, if one of our conveyancing solicitors is acting for the other side.0
Conveyancing - Remortgaging a property in Tower Hamlets
The most common reason homeowners remortgage their home is to get a more affordable interest rate. There are other reasons to think about remortgaging, for example moving from a standard variable rate (SVR) to a fixed-rate, or consolidating debts.
A proactive conveyancing solicitor in Tower Hamlets will complete the conveyancing quickly, helping you get onto the lower rate earlier. With the base rate now at 0.5% (May 2018) and the future of interest rates unclear, fast conveyancing can be a key consideration when securing the rate you want.
It is crucial that your property lawyer can act on behalf of your preferred mortgage lender. Our conveyancing team are on the panel for all major lenders. So whether you are switching to a flexible mortgage with Santander or to a long-term fixed mortgage with the Coventry Building Society, our remortgage team 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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