Updated: October 12, 2018

Waterlooville conveyancing solicitor fees and costs

No Move, No Fee conveyancing in Waterlooville

Conveyancing solicitor fees are the amounts you pay conveyancing solicitors in Waterlooville for handling the legal work for your move.

Are Waterlooville conveyancing fees and costs fixed?

Some conveyancing solicitors in Waterlooville carry out the legal work on a price per hour basis, while other property lawyers will work for a fixed fee (known as 'No Move, No Fee'). Quittance's conveyancing solicitors work on fixed legal fees (known as 'No Sale, No Fee' or 'No Move, No Fee'), with no hidden fees. Your conveyancing quote will set out exactly what you will need to pay when your sale or purchase goes through.

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, such as telegraphic transfer fees or Stamp Duty Land Tax (SDLT).

See: Complete list of conveyancing fees

How much will the total conveyancing fees in Waterlooville cost?

Waterlooville conveyancing solicitor fees should be the same as anywhere else in the UK. However, there may be some variation in certain disbursements. For example, specific extra searches, e.g. a flood plain search, may be necessary and council search fees will vary.

With Quittance Conveyancing, there are no hidden fees or surprises in the small print. For a standard sale or purchase, the fees we quote are the fees you pay. To calculate your conveyancing fees, try our conveyancing fees quote calculator: Click here

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

Conveyancing - Buying a property in Waterlooville

Purchase conveyancing needs a Waterlooville conveyancing solicitor to consider a wide range of issues. Examples of such factors are defective property title (e.g. the title is subject to an estate contract) and the future saleability of the property.

The buyer's lawyer will report their findings back to the buyer and their lender, iron out any legal issues and register the new owner's title at the Land Registry.

This section of the article discusses elements of the legal process for conveyancing solicitors in Waterlooville where greater expertise is necessary.

Your Waterlooville conveyancing solicitor must be lender-approved

Before choosing a conveyancing solicitor in Waterlooville, it is essential that you check that they are on the approved solicitor panel of your lender, whether you are taking out a mortgage from the HSBC, the Family Building Society or any other lender.

Quite a few banks and building societies will only accept a restricted panel of legal practices that meet strict criteria. If a conveyancer cannot act for your lender, the lender will need an alternative solicitor firm to carry out the legal work.

The buyer will then have to cover this alternative solicitor's costs and the conveyancing process could take much longer.

Not checking your conveyancing solicitor's lender panel status could mean serious delays.

Our solicitors are approved to act for all banks and building societies.

Havant District Council searches

Property searches are questions submitted to public bodies by Waterlooville conveyancing solicitors to highlight issues affecting your new home.

Mortgage lenders also need searches to be obtained. These include:

SearchDescription
Local Authority (LA) searchreveals planning applications, decisions and enforcement notices for planning breaches.
Drainage & Water searchcovers the location of water pipes and drains, and reveals if the upkeep for these falls on the owner or local council.
Environmental searchshows risks within 500 metres of the property, such as toxic chemicals in the land
Chancel repair liabilitythere is a risk that some Waterlooville properties owe a liability to the local parish to pay for church repairs. Insurance can be taken out to protect against this liability.

More specialised searches, such as a Crossrail search or a commons registration search, may also be referred to in the standard searches.

The estimated turnaround time for conveyancing searches delivered by Havant District Council is 9 weeks. Your lawyer will therefore recommend using faster personal searches.

Planning searches

Official Entries will also be sourced from HM Land Registry by your conveyancing solicitor, helping to evidence planning issues. These issues could include a restrictive covenant against certain alterations or discrepancies between the property boundaries and the title plan.

Havant District Council Council Tax

As a homeowner in Waterlooville, 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. For instance for an average Band E home in Waterlooville, the council tax due would be £2,008.

Conveyancing solicitors in Waterlooville will inform the purchaser of the home's council tax band once this is confirmed by the searches.

If the property is unoccupied for over 24 months, the owner will pay 150% of the relevant rate. Single person discount reduces the tax due to 75%, which would equal £1,506.

Other discounts and exemptions could also apply, e.g. unoccupied properties undergoing major repairs or structural changes or if an occupier is an apprentice school leaver or YTS trainee. Newer property is assessed by the Valuation Office Agency (VOA) and allocated a council tax band.

Band Havant District Council Tax (2018)
A £1,095
B £1,278
C £1,460
D £1,643
E £2,008
F £2,373
G £2,738
H £3,285

Are you paying more than you should?

To appeal contact:

Valuation Office Agency
Overline House
Central Station
Blechynden Terrace
Southampton
SO15 1GW
Hampshire

A homeowner can challenge the council tax band after moving in. Between April 2016 and April 2017, 30 council tax challenges were made, of which 10 saw a subsequent reduction.

Stamp Duty on Waterlooville properties

Filling in the SDLT1 form yourself is is a complex undertaking and not for the inexperienced.

The buyer (rather than the seller) will have to pay Stamp Duty Land Tax on the purchase price of the house if it exceeds £125k.

Quittance Conveyancing use the latest case management integration with HMRC to avoid errors and ensure there are no late-filing penalties.

See examples for typical Waterlooville properties:

  Average sale price (2018 to date) Stamp Duty
Average price £302,915 £5,145.75
Average price (detached) £391,231 £9,561.55
Average new build £147,382 £447.64

Stamp duty relief for first-time buyers in Waterlooville

In November 2017, the Chancellor announced that first-time buyers would be exempt from paying stamp duty on homes below £300,000. Since 1st April 2016, buyers of second homes are subject to an SDLT surcharge of 3%, even if the home is not rented out. E.g. if a second property was bought for £302,915 then the SDLT including the surcharge would be £24,233.20. .

Conveyancing solicitors in Waterlooville will confirm their client pays the right amount.

Buying a flat? Leasehold conveyancing in Waterlooville

New build site

The potential risks associated with leasehold property ownership are a worry for buyers of leasehold property. Numerous technical obstacles may be lying in wait for an uninformed purchaser, including:

  • sinking fund issues
  • spiralling ground rents
  • marriage value issues
Serious consequences can result from a solicitor's erroneous leasehold advice.

If you intend to buy a leasehold property, a good conveyancing solicitor in Waterlooville will consider possible leasehold issues, such as :

  • reviewing the lease itself (leases can be 10's or even 100's of years old)
  • service charges and whether they have been collected
  • dealing with freeholders and managing agents
  • proposed major works (Section 20 notices)
  • notices served on the freeholder

Quittance Conveyancing's leasehold conveyancing solicitor team will make sure that you are fully-informed regarding your decision to buy a leasehold property.

Buying a 'New Build' property in Waterlooville?

New build site

According to data gathered by Her Majesty's Land Registry, the average purchase price of Waterlooville new build properties is £147,382. 11 new build houses and flats have been bought in Waterlooville in 2018 so far.

A new-build conveyancing solicitor in Waterlooville must be familiar with local Waterlooville issues and new build's additional complexities, including dealing with lender conditions and confirming rights to use pipes and cables (e.g. phone, data, fibre, electricity).

Our highly qualified team of new build conveyancers are experts in working to developer exchange timeframes and helping the buyer get the best possible purchase terms.

Conservation areas in Hampshire

When carrying out the legal work for a home in Waterlooville, a conveyancing solicitor will confirm whether the residential property is in a conservation area in Waterlooville. If it is, the property could be affected by certain restrictions. These restrictions could include:

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

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

Quittance's conveyancing solicitors will address whether the home you plan to buy is located in a conservation area in Waterlooville.

Conveyancing - Selling a property in Waterlooville

Conveyancing for a sale of a house or flat usually requires less work than for a purchase. When buying, the responsibility lies entirely with the buyer to satisfy themselves that the home they are buying is legally sound.

Conversely, with a sale, conveyancing solicitors in Waterlooville acting for the existing owner need only answer any enquiries made by the buyer's solicitor.

What could jeopardise your sale?

Common obstacles, like having a defective lease, can seriously slow or frustrate your home move if not handled appropriately.

Property specialists will almost always recommend that sellers handle these issues as soon as they come to light.

Recommended reading:

For more conveyancing advice for sellers click here.

Selling a leasehold property

The legal work for a leasehold flat (leasehold houses are not common) is much more specialised than for a more straightforward freehold house.

The complex nature of leasehold property means that conveyancing solicitors in Waterlooville must carry out additional tasks, which could include collating the latest service charge and ground rent statement, through to a copy of any notices served on the leaseholder.

So as to resolve any leasehold-related difficulties sooner, it is recommended that the seller instruct a conveyancer as soon as possible.

What if Quittance conveyancers are acting for the other side?

SRA rules ban the same solicitor from working on behalf of both sides in a property sale and purchase. A CLC-regulated conveyancer, however, can act for both sides.

You may wish to contact a law firm in Waterlooville to undertake your legal work, if a Quittance solicitor is acting for the other side.

Local Waterlooville conveyancing solicitor directory

  • Larcomes LLP, Appletree House, 17 St Georges Walk, Waterlooville, Hampshire, PO7 7TU
  • O'Hara Solicitors, O'Hara Solicitors, 69-71 London Road, Waterlooville, Hampshire, PO7 7EX
  • Verisona Limited, Wellesley House, 202 London Road, Waterlooville, Hampshire, PO7 7AN
  • Biscoes Law Limited, 15a Somerset House, Hussar Court, Westside View, Waterlooville, Hampshire, PO7 7SG
  • Biscoes Legal Services Limited, 15 Somerset House, Hussar Court, Westside View, Waterlooville, Hampshire, PO7 7SG

Conveyancing - Remortgaging a property in Waterlooville

Securing a better rate of interest is generally why people change lenders. There are other reasons, including extending the mortgage term, or fixing the mortgage on a new discounted rate.

A good conveyancing solicitor in Waterlooville will complete the conveyancing quickly, perhaps saving you from a payment or two at your old rate. With the future of interest rates unclear, fast conveyancing can be a crucial factor in securing your preferred rate.

The property lawyer handling the remortgage needs to be able to act for your chosen mortgage lender. Our conveyancers are on the panel for all major lenders. So whether you are moving to an offset mortgage with Lloyds Bank or to a discounted-rate mortgage with the Harpenden Building Society, our remortgage specialists can help.

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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