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Your solicitor will handle all the legal aspects of your property purchase in Wandsworth. They will also be responsible for organising essential searches on the home and land. This can reveal if there are any flood risks, ground stability or contaminated land concerns.
A conveyancer is important because talk you through the legal aspects of buying and selling a home. Their process plays a pivotal role in the house moving process.
From completing conveyancing searches to setting a completion date. They help to explain any legal jargon you may not understand.
Wandsworth is an affluent borough in Southwest London. It has great transport links into central London and it's a vibrant area to live. Between April 2021 - April 2022, 213 new properties and 5,043 existing properties were purchased.
Prices in Wandsworth have increased in the last year. In April 2022, detached properties saw a price increase of 17.3%. This emphasises its popularity.
Once your house offer has been accepted, you can contact your conveyancer to begin the conveyancing process and searches. This process includes:
These are some of the tasks a conveyancer will undertake. Leasehold properties will have extra steps to complete.
Data taken from UK House Price Index.
The average conveyancing costs in Wandsworth are £1,800 for buying freehold properties. Leasehold conveyancing solicitor fees are slightly more at around £1,960.
To sell a property in Wandsworth, the average solicitor fees are £1,720 for freehold and £1,880 for a leasehold. This is based on the average house price in Wandsworth which was £636,066 in July 2022.
Conveyancing fees in this area will differ depending on aspects such as the cost of the property, the location, and its size.
You will need to pay for a local authority search. The Wandsworth Council website states this search costs £125 including VAT. You will also need to consider the costs of other searches, disbursements, and legal fees.
The conveyancing process in Wandsworth typically takes 159 days, which is the same as England's national average.
The entire buying and selling process in Wandsworth takes 297 days, which is slightly longer than the national average. The national average is 274 days. Properties in London tend to be on the market for longer than in other areas of the UK.
The length of the conveyancing process will differ depending on how difficult your case is. For example, leasehold properties are more complicated. As a result, the process will take far longer to complete. Extra paperwork is needed for this property type.
Data taken from Get Agent.
The conveyancing process plays an essential role in the house-buying process. A big part of this process is conveyancing searches which are carried out by your conveyencer.
Conveyancing searches can uncover environmental and legal issues. Your conveyancer will carry out the following searches:
According to the UK Radon Map, Wandsworth is an area with negligible evidence of Radon Gas. It is unlikely that this will be flagged as a concern on your environmental search reports. The only notable readings for the area were found in an area of Tooting, which are between 1-3%.
Much of Greater London has been built on “London Clay”, a type of shrinkable clay which is susceptible to changes. As a result, London is a known hotspot for ground stability issues. This includes Wandsworth. This is why it's so important for conveyancers to research the local area.
Geobear's Subsidence map shows that Wandsworth has a high amount of subsidence. This is prominent in and around Battersea, where the amount is higher than anywhere else in London.
The UK flood map shows the northern part of the Borough, is considered at risk of tidal flooding from the River Thames.
In addition to the Thames, the River Wandle, Graveney and the Beverley Brook flow through the area. Many areas are at a medium risk of floodings, such as Penwith road, and Garatt Lane. High-risk areas include Lydden Grove.