Conveyancing in Margate
Conveyancing is when a solicitor transfers the legal ownership of a property from one individual to another. If you're looking for a conveyancing solicitor in Margate, you're in the right place. Get a fast & proactive solicitor from a nationwide panel of conveyancing experts.
We have years of experience helping homemovers in Margate and throughout Thanet handle their sale, purchase, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Broadstairs, Canterbury, Herne Bay and Ramsgate
Buying property in Margate
A seaside town in Kent, Margate is known for its Margate Beach, Turner Contemporary, and the nearby Dreamland amusement park. Margate has a railway station, providing links to Ramsgate and London Victoria. Margate has a population of approximately 61,000.
Council Tax in Margate (2023/24)
Margate is in Thanet District Council.
| Band | Amount |
|---|---|
| A | £1,448.78 |
| B | £1,690.24 |
| C | £1,931.70 |
| D | £2,173.17 |
| E | £2,656.10 |
| F | £3,139.02 |
| G | £3,621.95 |
| H | £4,346.34 |
What will my solicitor do?
For the purchase of a house or flat, your lawyer will take care of the technical side of a home purchase.
The solicitor will order searches, raise questions for the seller, review the lease (if applicable) and take care of tasks after the sale, like paying SDLT.
Further to the standard checks and searches, Margate conveyancing solicitors may also carry out chalk mining searches.
Purchasing a property with a mortgage?
As part of the house buying process, your solicitor also has to handle legal due diligence on behalf of your mortgage lender.
Lender panel approval will mean your solicitor can act for your chosen mortgage provider.
We work with lawyers who can represent the vast majority of lenders, so your conveyancing will complete sooner.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
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We have also helped Margate home buyers with the conveyancing for:
There are over half a million listed buildings across the country, and around 1,050 of which are in Thanet District Council. Margate listed buildings and properties include: Buying and owning a listed building is not for the faint-hearted. Examples of the obligations placed upon listed building owners include a duty to maintain the exterior appearance, and consent required for energy efficient alterations. Our specialist panel of solicitors will clarify what duties your ownership will impose. Read more:Listed buildings
New Build Conveyancing
The conveyancing process for acquiring a new build in Margate can be complicated compared to other types of conveyancing.
A property lawyer in Margate will need to be qualified to handle things like ensuring that new build mortgage conditions are met, verifying rights of access and registering ownership with warranty providers such as NHBC, Advantage and Trenwick International.
Read more:
Leasehold flats
Buying a leasehold flat in the UK requires a number of extra steps when compared to buying a freehold. The numerous common problems awaiting the unsuspecting buyer can include legally technical issues like overpriced managing agent packs and freeholds sold without first refusal to leaseholders.
Your conveyancing solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
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Selling a property in Margate
When selling a Margate property, your conveyancing solicitor will prepare the necessary documentation, including the contract of sale and the TA6 and TA10 property information forms, and help you fill out this paperwork. Duties include addressing snags like an absent freeholder and responding to the buyer's solicitor's questions.
Your solicitor will work with both sides, like agents, lenders and landlords, to help ensure the sale of your property completes without delay.
I am selling a leasehold property in Margate - what do I need to know?
The conveyancing process for a leasehold flat is much more specialised than it is for a freehold home.
Leasehold complexity involves additional work on the part of conveyancing solicitors in Margate, including requesting an up-to-date service charge statement, through to ascertaining if a license to assign is required.
In order to resolve any leasehold delays faster, It is strongly advised that you instruct a Margate conveyancing solicitor as early as possible.
Conveyancing for selling a property
Remortgaging a property in Margate
The official base rate is 5.25% (12 October, 2024)
Before appointing a solicitor, your solicitor must be able to act for your chosen lender.
Our partner panel solicitors are on the panels of all major mortgage lenders. Whether you are switching to a 2-year fixed rate from Lloyds Bank or taking out an interest only mortgage from Accord, we can help your remortgage complete quickly.
Read more:
Check our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transfer of equity in Margate
If you are intending to restructure the ownership of a property, whether you are giving a property to a family member, inheritance tax planning or buying out a joint owner, you'll need to carry out a transfer of equity. Your solicitor will complete the process for a guaranteed fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much does conveyancing cost in Margate?
Don't be surprised if some of the costs listed on a conveyancing quote seem unfamiliar.
Solicitors' fees
Your solicitor's quote will set out the legal fees (inc. VAT) to be paid when the conveyancing transaction completes. These fees are what your solicitor or conveyancer charges you for the tasks they complete.
Disbursements (third party costs)
Disbursements are fees that your solicitor or conveyancer will have to pay on your behalf for third-party services. Third-party disbursements include Stamp Duty Land Tax (SDLT), HM Land Registry fees and property searches.
Check for additional fees
Some firms may include additional charges in the small print. This can lead to a total cost that's much higher than the initial quote. When comparing quotes, beware of hidden fees or extra charges.
