Updated: October 12, 2018

Waltham Abbey conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Waltham Abbey

Conveyancing solicitor fees are the costs you pay your Waltham Abbey conveyancing solicitor for the legal work associated with buying or selling a property.

Do Waltham Abbey conveyancing solicitors work on a fixed fee basis?

We work on a fixed No Sale, No Fee conveyancing basis with no hidden fees, unlike some other conveyancing solicitors in Waltham Abbey who work on a price per hour basis. Your quote will set out what fees you will need to pay when your house or flat sale completes.

Besides conveyancing fees, what other costs are there?

You will need to budget for 'disbursements', on top of the conveyancing fees.

Disbursements are the third-party costs that your conveyancer will pass on to you at the end of the conveyancing process. These include costs like Stamp Duty Land Tax or identity verification checks.

See: A guide to all conveyancing fees

How much will conveyancing in Waltham Abbey cost in total?

Though conveyancing fees in Waltham Abbey will be the same as anywhere else in the country, there may be some variation in certain disbursements. For example, additional region-specific searches, such as a Coal Authority search, may be needed and council search fees will vary.

For a standard conveyancing transaction, what we quote is the fee you pay. With Quittance, there are absolutely no hidden costs. 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 Waltham Abbey

There is now an obligation on a seller to disclose any property defects or disputes to the buyer.

That said, it remains the responsibility of the conveyancing solicitor in Waltham Abbey to make enquiries about the property, make their "report on title", make practical suggestions and register the new owner's title at the Land Registry.

This section of the article examines the kinds of property that may be of interest to buyers looking for conveyancing solicitors in Waltham Abbey.

Your Waltham Abbey conveyancing solicitor must be lender-approved

There are many mortgage providers available to homebuyers, from a less common lender like the Monmouthshire Building Society, to a major lender such as TSB. Before you choose a Waltham Abbey conveyancing solicitor, whoever you choose, it is essential that you check that they are on the approved panel of your mortgage lender.

Many banks and building societies are only prepared to work with a restricted group of firms that pass strict selection criteria. If your solicitor can't act for your mortgage lender, the lender will need a different firm to complete the legal work.

The buyer will usually need to pay this substitute solicitor's fees, and the conveyancing process can take much longer.

Failing to confirm the lender panel membership of your conveyancing solicitor could result in significant delays.

Quittance Conveyancing are approved to act for all banks and building societies.

Property Searches (Epping Forest District Council)

Property searches (sometimes referred to as 'conveyancing searches') are questions asked of various bodies by Waltham Abbey conveyancing solicitors to help uncover relevant information about your planned purchase. They include:

  • Local Authority (LA) search - reveals planning applications, decisions and enforcement notices for planning breaches.
  • Environmental search - identifies risks within 500 metres of the property, including flooding subsidence. The search will also reveal nearby landfill sites and contaminated land.
  • Drainage & Water search - confirms who is responsible for the upkeep of the water pipes and drainage that serve the property.
  • Chancel repair liability - involves the potential liability owed by the owners of certain property to pay for local parish church repairs. Insurance can be arranged to cover this risk.

More pertinent searches, such as an HS2 search or a geological search, may also be advised depending on the contents of the standard searches.

The typical turnaround time for LA searches obtained from Epping Forest District Council is 22 weeks, so your conveyancer will instead use a quicker local search agent.

Checking planning permission status

Office copies will also be applied for from HM Land Registry by the conveyancing solicitor acting for the homebuyer, helping to identify any issues. Examples of these include right of access issues or discrepancies between the property boundaries and the title plan.

Epping Forest District Council Council Tax

The amount of council tax a homeowner in Waltham Abbey will pay to Epping Forest District Council will depend on the property's value and the number of residents. For instance for an average Band B residential property in Waltham Abbey, the amount of council tax would be £1,306 per year.

A conveyancing solicitor in Waltham Abbey will inform a buyer 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 reduces the tax due to 75% which would equal £979.

Other discounts and exemptions may also apply, for example a 10% discount for second homes (although this may change as the government has second home ownership in its sights) or if the home is left unoccupied by a student.

Band Epping Forest District Council Tax (2018)
A £1,119
B £1,306
C £1,492
D £1,679
E £2,052
F £2,425
G £2,798
H £3,357

Can I dispute my council tax rate?

Contact the VOA for more information on how to challenge your tax band:

Valuation Office Agency
Chase House
305 Chase Rd
London
N14 6LZ

The Valuation Office Agency (VOA) should reassess a property's band on request. Councils prefer that this be done within six months of buying a property.

Stamp Duty on Waltham Abbey properties

Steep fines await those who miss the Stamp Duty Land Tax payment deadline. If the purchase price of the residential property you intend to buy is over the £125,000 threshold, you must pay SDLT.

Quittance Conveyancing's legal case management system integrates with electronic filing systems to ensure that the SDLT is settled quickly and with minimal fuss.

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

  Average sale price (2017) Stamp Duty
Average price £382,689 £9,134.45
Average price (detached) £600,226 £20,011.30
Average new build £433,977 £11,698.85
If you are buying a second home for more than £40,000 then you will have to pay a stamp duty surcharge of 3%. Following the example above, if a homeowner bought a second property in Waltham Abbey for the average price of £382,689 the SDLT would be £30,615.12.

Stamp duty relief for first-time buyers in Waltham Abbey

In November 2017, the Chancellor announced that first-time buyers would be exempt from paying stamp duty on properties below £300k.

Conveyancing solicitors in Waltham Abbey will ensure their client pays the right amount.

Buying a flat? Leasehold conveyancing in Waltham Abbey

New build site

It can be risky to purchase a leasehold home if you don't know what you are getting into. The many potential traps lying in wait for an uninformed purchaser could include:

  • unfair clauses in the lease
  • increasing ground rents
  • overpriced managing agent packs
Serious consequences can result from a solicitor's misguided leasehold advice.

If you are planning to purchase a property with a lease, a experienced conveyancing solicitor in Waltham Abbey will consider potential leasehold issues, including dealing with freeholders, reviewing the lease and flats with varying lease terms.

Make sure that you are fully-informed regarding your planned purchase - Contact Quittance Conveyancing's leasehold conveyancing solicitor team today on 0800 612 0377.

Buying a 'New Build' property in Waltham Abbey?

New build building site

The average sale price of Waltham Abbey new build properties is £304,995. 1 new build properties have been bought in Waltham Abbey in 2018 so far.

A new-build conveyancing solicitor in Waltham Abbey will need to be aware of both local Waltham Abbey issues as well as the added complexities associated with new build, such as dealing with failures to arrange warranty provider inspections and administering Help to Buy purchases.

With our new build team, you will get an accurate and truly impartial assessment of the legal title of the house or apartment, scrutinising contract concerns like unreasonable leasehold terms and an assessment of other risks, such as regional infrastructure development.

Conservation areas in Essex

Whether you are buying a listed character property or a Georgian town house, if the home is in a designated conservation area, your plans to alter the home might not be accepted by Epping Forest District Council.

These constraints, referred to as Article 4 Directions, may include:

  • Limits on the use of non-traditional building materials
  • A ban on uPVC window frames
  • Restrictions on outbuildings and extensions

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.

Parts of Waltham Abbey are within a conservation area governed by the Epping Forest local planning authority (LPA). Your conveyancing solicitor will address whether your planned purchase is located one of Waltham Abbey's conservation areas.

Conveyancing - Selling a property in Waltham Abbey

The legal process for a sale of a house or flat is simpler than when buying. The buyer's solicitor has to carry out a comprehensive legal review on the property and its legal title, whilst conveyancing solicitors in Waltham Abbey acting for the vendor mostly just collects any required paperwork and answers the buyer's questions .

What could put your property sale at risk?

Homes can face a range of issues (such as having a defective lease) which may jeopardise your move.

It is almost always advisable for sellers to face these issues head on and fix them.

Further reading:

Read more sale conveyancing articles here.

Leasehold conveyancing for a sale

The legal work for a leasehold property is a great deal more time-consuming than for a freehold property.

Conveyancing solicitors in Waltham Abbey will also carry out additional work, which could include getting management company information, through to reserve fund details.

Vendors should instruct a property lawyer as soon as is practicable to mitigate (often inevitable) leasehold delays.

Can Quittance conveyancers act for both sides?

A conveyancer who is regulated by the CLC can act for both the buyer and the seller. However, SRA rules ban the same solicitor from working on behalf of both sides in a property sale.

You can contact a local Waltham Abbey conveyancing solicitor firm to carry out your legal work, if a Quittance conveyancer is carrying out the legal work for the other side.

Local Waltham Abbey conveyancing solicitor directory

  • Townsend Family Law Solicitors, 2nd Floor, Trinity House, Sewardstone Road, Waltham Abbey, Essex, EN9 1PH
  • Djk Solicitors, 46 Highbridge Street, Waltham Abbey, Waltham Abbey, Essex, EN9 1BS

Conveyancing - Remortgaging a property in Waltham Abbey

People remortgage their home for a number of reasons, such as wanting to borrow more, or fixing the mortgage on a new discounted rate. The main reason, however, is to secure a better rate of interest.

A proactive conveyancing solicitor in Waltham Abbey can reduce the remortgage processing time, and move you to the better rate sooner. With the base rate set at 0.5% (May 2018) and future interest rate changes hard to predict, fast conveyancing can be a critical factor in securing the rate you want.

In order to certify that the lender's interests are safeguarded, a property lawyer will represent both you and your 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

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