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Compare Property Conveyancing Solicitors in Portsmouth

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Moving to Portsmouth? Save on Your Property Conveyancing Costs

If you’ve decided to make the move to Portsmouth, you’ll first need to hire a verified conveyancer to help you with your house purchase. Rest assured, Compare My Move can connect you with up to 6 of our licensed conveyancing partners to help you save up to 70% on your conveyancing costs.

For added peace of mind, every partner within the Compare My Move network must undergo our strict verification process. This means that each conveyancing partner must be regulated by either the SRA, CLC, LSS or LSNI, ensuring you receive first-class services to help you through the process.

When helping you through the buying process in Portsmouth, your conveyancer will explain any legal jargon you’re unsure of and arrange the vital conveyancing searches you’ll require to continue. The results of these searches will inform you of any and all information regarding the property, the land it resides on, any restrictions or drainage issues and more.

Our Portsmouth Conveyancing Solicitors

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    FAQs About Conveyancing in Portsmouth

    The average conveyancing cost when buying a house in Portsmouth is £1,320 and £1,270 when selling. It takes approximately 149 days to complete the conveyancing process.

    Our research also revealed that Portsmouth has a medium to high risk of subsidence and regular flooding. The risk of flooding increases for properties near the coast, making the need for a licensed conveyancer much greater. 

    Why Hire a Portsmouth Conveyancer?

    Your chosen conveyancer will be tasked with guiding you through the legalities of the buying and selling process. This means they will explain any legal jargon you're unsure of, provide advice and ensure the contracts are correctly drafted.

    To ensure the process is more efficient, make sure you hire a conveyancer as soon as possible. Ideally, you'll want to instruct a conveyancer as soon as an offer has been accepted. Here are some of the steps you can expect in 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 day
    • Pay any Stamp Duty

    In the past year, 3,230 existing properties and 9 new builds were sold in Portsmouth. The largest price increase was for detached properties which rose by 11.6%.

    Data taken from UK House Price Index

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    How Much are Conveyancing Solicitor Fees in Portsmouth?

    The average house price in Portsmouth was recorded at £268,755. This means that the average conveyancing fee when purchasing a freehold property in the area is £1,320 and £1,490 when buying a leasehold. When it comes to selling, freehold properties cost £1,270 while leasehold properties cost £1,420.

    It's important to note that your conveyancing fees will vary but they're often based on the value of the property. Conveyancing costs can differ as they depend on a variety of factors. These include your location, whether the property is freehold or leasehold and your chosen law firm.

    Another factor to consider is arranging the various searches, including a Local Authority Search. We discovered that a full Local Authority Search costs £126 including VAT, according to Portsmouth City Council.

    Data taken from Compare My Move’s Moving House Calculator

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    How Long Does Conveyancing Take in Portsmouth?

    Our team discovered that the conveyancing process in Portsmouth takes less time to complete than the national average. Conveyancing takes around 149 days in Portsmouth, which is 7 days less the national average of 156. However, the conveyancing process does take up the majority of the buying or selling process.

    The entire transaction from the initial listing to completion takes 264 days in Portsmouth. The timescale can and will vary depending on a variety of factors such as the complexity of the case. Leasehold and Help to Buy properties will often take longer to complete as there is more paperwork involved.

    Those who are part of a property chain will also experience longer waiting times as there's a higher risk of delays. This is because the transaction are dependant on each other.

    Data taken from Get Agent

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    What to Expect From Conveyancing Searches in Portsmouth?

    As part of the conveyancing process, your conveyancer will be responsible for organising a number of conveyancing searches on your behalf. The results of these searches will inform you of the house, its history and any potential risks the area holds.

    According to the UK Flood Risk Map, the biggest cause of flooding in Portsmouth is coastal flooding. This increases the chance of floods to above 3.3% a year. Properties along the coastline should be very cautious during heavy rain and homeowners should sign up to the local flood alerts for added security.

    As Portsmouth is a coastal area, there's the possibility of experiencing ground instability, especially during extreme weather. According to the UK Subsidence Map, Portsmouth has a medium to high risk of subsidence, with properties situated closest to Southampton being more susceptible. Densely-packed areas often experience greater risks due to the added pressure on the ground.

    Data taken from the UK Flood Risk Map and Geobear's Subsidence Map

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