Compare Property Conveyancing Solicitors in Hackney

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Moving to Hackney? Save on Your Conveyancing Costs

Compare My Move can connect you with up to 5 verified conveyancing solicitors in Hackney, saving you up to 70% on your London conveyancing costs. Our dedicated team put all potential partners through our strict verification process and ensure they are regulated by either the SRA, CLC, LSS, CILEx or LSNI before joining us.

The purpose of hiring a conveyancer is to handle the legal aspects of your property purchase. Additionally, they will be responsible for arranging essential searches on the home and land. These can highlight if there are any flood risks, ground stability and contaminated land concerns and the levels of radon gas in the area of Hackney you are looking to move to.

They are also responsible for liaising with mortgage lenders and other third parties, exchanging contracts and planning completion day. They can explain any legal jargon and guide you through the process.

Our Hackney Conveyancing Solicitors

    As seen in: BT

    FAQs About Conveyancing in Hackney

    Compare My Move found that conveyancing fees when buying a freehold property in Hackney are £1,750 on average. When selling a property in the area, the average price is £1,640.

    We found that the cost of Local Authority searches (LLC1 and CON29) in the borough is £178.60. There is a high risk of surface water flooding in the area, in addition to an increased risk of subsidence.

    Why Hire a Hackney Conveyancer?

    During the process of selling or buying a house, you will need a conveyancer to handle the legal side of the transaction. This includes liaising with the buyer or seller’s conveyancer, explaining legal jargon and arranging property searches.

    Over the last year, 2,120 existing properties were sold in Hackney, compared to just 298 new builds, according to the UK House Price Index. Detached properties saw the largest increase in price, rising by 11.71% in January 2022 alone.

    It is recommended that you instruct a conveyancer as soon as an offer has been agreed. This avoids any unnecessary delays in the process.

    The conveyancing process includes:

    • Offer agreed
    • Conveyancing searches ordered (if buying)
    • Liaise with your mortgage lender to finalise
    • Agree on the completion date
    • Check the contract and raise pre-contract enquiries
    • Exchange contracts
    • Completion day
    • Pay any Stamp Duty (if required)

    It's important to note that there may be additional steps to consider if you’re buying or selling a leasehold property.

    Data taken from UK House Price Index

    How Much are Conveyancing Solicitor Fees in Hackney?

    With an average property price of £597,681, conveyancing fees when buying a freehold property in Hackney are £1,750 on average. The figure is slightly higher, £1,860, for buying a leasehold home. When selling a property in the area, the average price is £1,640, rising to £1,780 for selling a leasehold home.

    Keep in mind that these are averages and your conveyancing costs will depend on a number of factors. These include your location, whether you're buying or selling, and whether the property is freehold or leasehold.

    As your final conveyancing cost will be made up of the conveyancer’s legal fee and conveyancing disbursements, you should also research the cost of the conveyancing searches in your local area.

    Your conveyancing fees are made up of the legal fees and conveyancing disbursements, which include property searches.

    According to Hackney’s Council’s website, a full Local Authority Search (LLC1 and CON29R) will cost £178.60 inc VAT.

    Data taken from Compare My Move’s Moving House Calculator

    How Long Does Conveyancing Take in Hackney?

    Our research found that the conveyancing process in Hackney takes 159 days on average, which is the average time it takes across England.

    In total, the entire buying and selling process from the initial listing to completion takes 297 days in the borough. This total time is longer than the national average, which is 274.

    Be aware that each sale is unique and that timescales will vary. Factors such as the buyer or seller’s circumstances or complications during the transaction can factor into the time it takes to complete.

    The length of the conveyancing process will also vary depending on if the property is freehold or leasehold. This is the case regardless of where you are in the UK. There will also be additional paperwork that your conveyancer will need to complete if you are buying or selling a leasehold home.

    Data taken from Get Agent

    What to Expect From Conveyancing Searches in Hackney?

    A key part of the conveyancing process and the role of your conveyancer is arranging searches on your home and the surrounding area. These include a Local Authority search, Environmental search and Water and Drainage search. The results of these searches can highlight environmental or legal issues which could influence the sale or future ownership. This includes the risk of flooding, subsidence, ground stability and radon gas levels.

    Geobear’s UK Subsidence Map shows an increased level of subsidence the closer to central London you are. Large cities are very often more at risk of subsidence due to the influx of large and heavy buildings across a small area. Although not as severe in Hackney, levels are higher here than in the majority of the areas outside of the city.

    There is a reportedly high risk of surface water flooding in Hackney, which happens during increased rainfall. This can be difficult to predict and is caused when heavy rain is unable to drain away quickly and effectively.

    It is vital that you read your search reports thoroughly and talk to your conveyancer if you have any concerns.

    Data taken from Get The Data and Geobear's Subsidence Map