Compare Property Conveyancing Solicitors in Coventry
Moving to Coventry? Save on Your Property Conveyancing Costs
Looking for a trusted licensed conveyancer or conveyancing solicitor in Coventry? You’re in the right place! Compare My Move can connect you with up to 5 licensed conveyancers to help you save 70% on your conveyancing fees. Let us save you time, money and stress finding a conveyancer for your move.
At Compare My Move, we only work with the best conveyancers in Coventry. For your peace of mind, all our conveyancing partners must go through a strict verification process before they can come on board. This means that all Compare My Move conveyancers are regulated by either the SRA, CLC, LSS, LSNI or CILEx.
If you’re planning to buy a house in Coventry, you’ll need to hire a conveyancer. They will arrange conveyancing searches which will look into the property and the area around the property to reveal any legal or environmental issues. Your conveyancing searches will give you peace of mind before you commit to buying the property.
Our Coventry Conveyancing Solicitors
FAQs About Conveyancing in Coventry
The average conveyancing costs when buying a house in Coventry is £1,320 and £1,270 when selling. It takes approximately 146 days to complete the conveyancing process in this area.
Our research shows that there's a high risk of flooding in Coventry and a low risk of subsidence. Your conveyancer will highlight any issues with the property or land around the property when they carry out conveyancing searches.
Why Hire a Coventry Conveyancer?
Your chosen conveyancer will guide you through the legalities of the buying or selling process, explaining any complicated legal jargon you're unsure of. They will also arrange the relevant conveyancing searches and ensure the contracts have been correctly drafted and signed.
The best way to ensure a more efficient process is to hire a conveyancer as soon as an offer has been accepted. Here are the steps you can expect from the conveyancing process:
- Offer accepted
- Conveyancing searches ordered (if buying)
- Liaise with mortgage lender to finalise
- Agree on the completion date
- Check the contract and raise pre-contract enquiries
- Exchange contracts
- Completion
- Pay any Stamp Duty
Over the last year, 4,233 existing properties and 128 new builds were sold in Coventry, according to the UK House Price Index. Detached properties saw the biggest increase in price, rising by 11.8% in February 2022.
Data taken from UK House Price Index
How Much are Conveyancing Solicitor Fees in Coventry?
As Coventry has an average house price of £236,958, we calculated the average conveyancing fee when buying a freehold property at £1,320. For leasehold homes, this increases to £1,490. When selling a property, freehold conveyancing fees are £1,270 and leasehold conveyancing fees are £1,420.
If you're calculating the cost of your move, know that whilst conveyancing fees will vary, they're typically based on the value of the property you're buying or selling. Factors such as as the specific location, law firm and difficulty of the case will also affect the final costs.
As part of the process, you'll also need to arrange the relevant conveyancing searches. One of the most important is the Local Authority Search. In Coventry, this will cost a total of £128 including VAT, according to the Coventry Council website.
Data taken from Compare My Move’s Moving House Calculator
How Long Does Conveyancing Take in Coventry?
Our research discovered that the conveyancing process takes 146 days to complete in Coventry. This average is actually 10 days shorter than the national average of 156 days.
In Coventry, the entire buying and selling process from the initial listing to completion day takes an average of 253 days. This means that the majority of the transaction is taken up by the conveyancing process. However, the timescale will vary, depending on a variety of factors such as the difficulty of the transaction.
If the property is leasehold, then the process may last longer. This is because there's more paperwork involved in the transaction, thus a bigger workload for your conveyancer.
Data taken from Get Agent
What to Expect From Conveyancing Searches in Coventry?
As part of the conveyancing process, your conveyancer or conveyancing solicitor will arrange the relevant searches to help you uncover information concerning the property you're buying. The conveyancing searches are typically made up of a Local Authority Search, an Environmental Search and a Water and Drainage Search.
In Coventry, there are 3,953 properties that are considered at medium risk of flooding and 2,038 at high risk, according to data from the Environment Agency. The postcodes CV11, CV37 and CV34 have a 4.9%, 3.2% and 2.7% high or medium risk of being flooded, respectively.
Geobear’s UK subsidence map shows that although Coventry has a risk of subsidence, it's of a low to moderate level. Coventry’s subsidence could have occurred from its history of coal mining, with a greater chance of ground instability occurring when a shallow coal mine closes.
Data taken from the Environment Agency and Geobear's Subsidence Map
