Updated: October 12, 2018

Warwick conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Warwick

Conveyancing solicitor fees are the charges you pay to your Warwick conveyancing solicitor for the legal work for a home sale or purchase.

Are Warwick conveyancing fees and costs fixed?

Our solicitors work on fixed legal fees (known as 'No Sale, No Fee' or 'No Move, No Fee') with no unexpected, additional costs, unlike some other conveyancing solicitors in Warwick who offer services on an hourly rate. Your quote will explain all fees and disbursements you will need to pay when your sale or purchase completes.

Are there any other costs?

On top of the 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 office copies or local authority searches.

See: How much should conveyancing fees cost?

How much will the total conveyancing fees in Warwick cost?

Conveyancing fees in Warwick will be the same as anywhere else in the country. There may, however, be some variation in certain disbursements. For example, specific extra searches, such as a flood plain search, may be necessary and council search fees will vary.

For a standard conveyancing transaction, the conveyancing fee we quote is the fee you pay. There are no hidden fees or costs to be paid with Quittance. Work out the conveyancing fees for your move, with our conveyancing calculator: Click here

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

Conveyancing - Buying a property in Warwick

"Caveat emptor", or "buyer beware", was a fundamental principle of property law in England and Wales. Following recent changes in the law, this maxim no longer applies. However, it remains the duty of a buyer's legal representative to investigate the house or flat they plan to buy.

A Warwick conveyancing solicitor will make recommendations following their enquiries, assist in resolving any issues and confirm that the Land Registry's record of the property is updated.

This section considers those areas of the legal process for conveyancing solicitors in Warwick requiring specialist legal knowledge.

Your Warwick conveyancing solicitor must be lender-approved

Whether your mortgage is with a major lender like the Co-operative Bank or a financial institution such as New Street Mortgages, before instructing a Warwick conveyancing solicitor it is paramount that you confirm that they are on the panel of your lender.

Some lenders are only prepared to work with a restricted panel of law firms. If your solicitor can't act for your lender, the lender will need a different legal firm to act in their interests.

You will then have to cover this substitute lawyer's costs, and the conveyancing process can take much longer.

Failing to check the lender panel status of your conveyancing lawyer could mean significant delays.

Our conveyancing solicitors are approved to act for all mortgage lenders.

Conveyancing Searches (Warwick District Council)

Searches are enquiries made of public bodies by Warwick conveyancing solicitors to identify information and potential issues affecting the home you want to buy. They include:

SearchDescription
Local Authority (LA) searchcovers the details of planning applications, decisions and the enforcement of breaches or violations.
Drainage & Water searchincludes the position of water mains and sewers, and whether the local authority is responsible for their maintenance.
Environmental searchcovers environmental issues within 500m of the property, including flooding, mining subsidence and the proximity of landfill and contaminated land sites.
Chancel repair liabilitythere is a risk that some Warwick properties owe a liability to the local parish to pay for church repairs. Insurance can be taken out to protect against this liability.

You will be told if your mortgage lender needs any additional searches, such as a more detailed flood report or an agricultural search.

Buyers should expect to wait around 4 weeks for searches ordered from Warwick District Council. Personal searches (as opposed to official LA searches) will therefore delivered sooner.

Checking planning permission status

Your conveyancing solicitor will request office copies from HMLR. This will help to reveal any potential issues, for example restrictive covenants governing the use of the property or discrepancies between the property boundaries and the title plan.

Warwick District Council Council Tax

The amount of council tax a homeowner in Warwick will pay to Warwick District Council will depend on the property's value and the number of residents. For example, a residential property in the Warwick District Council area in Valuation Band E would pay £2,149 per annum.

Conveyancing solicitors in Warwick will inform the buyer of the home's council tax band once they are themselves notified.

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 £1,612.

Other discounts and exemptions could also apply, for example unoccupied properties undergoing major repairs or where an inhabitant is an 18 year old for whom child benefit is payable.

Band Warwick District Council Tax (2018)
A £1,172
B £1,367
C £1,563
D £1,758
E £2,149
F £2,539
G £2,930
H £3,516

Is it possible to reduce my council tax band?

A homeowner can challenge the council tax band after moving in. Between April 2016 and April 2017, 110 council tax challenges were made. 50 saw a subsequent reduction. To challenge your banding contact:

Valuation Office Agency
5th Floor
Sherbourne House
1
Manor House Drive
Coventry
CV1 2TG
West Midlands

Stamp Duty on Warwick properties

Stamp Duty Land Tax is only applicable to homes where the purchase price exceeds £125k. Stamp Duty Land Tax 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 Conveyancing will complete the SDLT1 form for you at the point your purchase completes.

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

  Average selling price (2017) Stamp Duty Land Tax
Average price £337,670 £6,883.50
Average price (detached) £501,125 £15,056.25
Average new build £359,986 £7,999.30
Homeowners must pay a higher rate of SDLT when buying a second home. Therefore, if a homeowner in Warwick bought a second home for the average price of £337,670 the SDLT would be £27,013.60.

Stamp duty relief for first-time buyers in Warwick

Since 11/17, if you are a first-time buyer, you only pay stamp duty on property valued at over £300,000.

Warwick conveyancing solicitors should ensure their client pays the right amount.

Buying a flat? Leasehold conveyancing in Warwick

New build site

Purchasing a leasehold house or flat without knowing what you are getting into is risky. The many potential problems awaiting the unsuspecting purchaser include:

  • absent freeholders
  • exponential ground rents
  • undisclosed major works
  • onerous covenants
Bad or incomplete leasehold advice, from a lawyer who has only ever dealt with freehold cases, could have serious financial implications.

A good conveyancing solicitor in Warwick will address aspects of leasehold, for example :

  • reviewing the lease itself
  • ground rents and service charges
  • managing agent or landlord enquiries
  • residents? management company

Ensure that you are fully-informed regarding your decision to buy a leasehold property - Speak to Quittance Conveyancing's specialist leasehold conveyancing solicitors on 0800 612 0377.

Buying a 'New Build' property in Warwick?

House being built

19 brand new homes have been bought in Warwick in 2018 so far, (source: HM Land Registry). The average cost of Warwick new build homes is £314,026.

The legal work for buying a new build requires specialist knowledge, compared to 'standard conveyancing'. To avoid potential problems a conveyancing solicitor in Warwick must be mindful of local Warwick factors and should investigate several key issues, like advising on mortgage offer flexibility for delayed completion and confirming Section 38 agreements.

With our new build team, you will get an expert assessment of the legal title of the property, with close attention paid to issues ranging from problematic leasehold terms to an assessment of other risks, such as future local development.

Warwickshire Conservation areas

Your conveyancing solicitor will check if the home you are purchasing is in a conservation area in Warwick. If it is, the home could be affected by specific conditions. These constraints, referred to as Article 4 Directions, can include:

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

If a property is in breach, the owner could be instructed to pay for the property to be changed back to the state it was in before the recent alterations, even if the changes were made by the previous owner.

Parts of Warwick are within a conservation area governed by the Warwick local planning authority (LPA). Conservation areas in Warwick include Barford, Sherbourne and Cubbington. Your conveyancing solicitor will address whether your planned purchase is located one of Warwick's conservation areas.

Conveyancing - Selling a property in Warwick

The legal side of a sale of a house or flat is normally less troublesome than when buying. The purchaser conducts detailed due diligence on the home. Conveyancing solicitors in Warwick acting for the seller essentially just gathers together any pertinent information and answers the buyer's questions .

Why do sales fall through?

Obstacles, such as being situated on a flood plain, can potentially prolong your move.

Generally speaking, it is recommended for vendors to handle such issues as soon as they come to light.

Recommended reading:

Read more helpful advice for sellers here.

Leasehold

The conveyancing process for a leasehold property is significantly more complicated in comparison with a freehold house.

The complex nature of leasehold property means that conveyancing solicitors in Warwick will need to conduct additional legal work, which could include sourcing the latest service charge and ground rent statement or details of any slush fund for property maintenance.

Sellers should seriously consider instructing a lawyer as soon as is practicable to mitigate leasehold delays.

Can your conveyancing solicitors act for the buyer and the seller of the same property?

SRA regulations restrict the same conveyancing solicitor from acting on both sides in a property sale. CLC-regulated conveyancers, however, can act for both the buyer and the seller.

If you are buying or selling a Warwick home, and a Quittance solicitor is carrying out the legal work for the other side, you may wish to contact a property solicitor firm in Warwick to carry out your conveyancing.

Local Warwick conveyancing solicitor directory

  • Heath & Blenkinsop, 42 Brook Street, Warwick, Warwickshire, CV34 4BL
  • Moore & Tibbits Limited, 34 High Street, Warwick, Warwickshire, CV34 4BE
  • Thomas Flavell & Sons Limited, 33-35 Smith Street, Warwick, CV34 4JA
  • Macnamara King Solicitors, Coten House, 61 Coten End, Warwick, Warwickshire, CV34 4NU
  • Alliance Medical Limited, Iceni Centre, Warwick Technology Park, Gallows Hill, Warwick, Warwickshire, CV34 6DA

Conveyancing - Remortgaging a property in Warwick

The most common reason homeowners remortgage their home is to reduce the monthly repayments. There are any number of other reasons to remortgage, for example moving from a tracker to a fixed-rate, or releasing equity.

You can appreciate the benefits of a lower rate faster by using a more proactive conveyancing solicitor in Warwick. They will work to reduce the processing time of the conveyancing. With the base rate now at 0.5% (May 2018) and the future of interest rates uncertain, fast conveyancing can be a contributing factor to getting onto your new rate as quickly as possible.

A property lawyer will represent both you and your new bank or building society to make sure the interests of the lender are protected.

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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