When moving to Sheffield, you’ll need a conveyancer to handle the legal side of your property purchase. At Compare My Move, we can connect you with up to 5 of our licensed conveyancing partners, helping you save up to 70% on your conveyancing fees.
Conveyancing partners join Compare My Move only after undergoing a strict verification process by our experienced team and must be regulated by the SRA, CLC, LSS, LSNI or CILEx.
Your conveyancer will be responsible for organising searches that will reveal vital legal and environmental information about the property you are looking to buy and the surrounding area, giving you peace of mind before you purchase.
Your conveyancer's main role will be to help you through the legal side of the sale, explaining any legal jargon you're unsure of and ensuring the contracts are officially signed. They will also arrange the relevant searches to give you more information about the property you're interested in.
Over the last year, 6,534 existing properties were sold in Sheffield and 70 new builds, according to the UK House Price Index. Terraced properties saw the largest increase in price over the last year, rising by 17.8% in June 2021 alone. To help ensure a more efficient process, it's recommended that you instruct a conveyancer as soon as an offer has been accepted. The conveyancing process includes the following steps:
It's important to note that there may be additional steps to the process if you’re buying or selling a leasehold property. This is due to the increase in paperwork.
Data taken from UK House Price Index
As the average house price in Sheffield is £226,376, we calculated the average conveyancing fees for buying a freehold property at £1,320. However, if you're purchasing a leasehold home, the price increases to £1,490. The average conveyancing cost when selling a freehold home is £1,270 and £1,420 when selling a leasehold property.
Your final conveyancing costs will depend on factors such as your location, your chosen law firm, whether you're buying or selling and whether it's a freehold or leasehold property. It will also be made up of the conveyancer’s legal fee and the conveyancing disbursements.
The disbursements include the costs of the relevant conveyancing searches. According to Sheffield Council's website, a full Local Authority Search will cost £38.67 inc VAT.
Data taken from Compare My Move’s Moving House Calculator
According to our research, the average length of the conveyancing process in Sheffield is 139 days. This is much lower than the national average of 156. However, it does mean the conveyancing process accounts for over half of the entire transaction. In Sheffield, the buying process, from the initial listing to completion, takes approximately 253 days.
It's important to note that this timescale can and will vary depending on a variety of factors. These factors include the difficulty of the case, the chosen law firm and the specific location.
Another factor that will affect the length of the conveyancing process is whether the property in question is freehold or leasehold. Buying and selling leasehold properties takes longer as additional steps must be included. This means there will also be added paperwork for your solicitor to complete, again increasing the workload.
Data taken from Get Agent
To progress the conveyancing process, your conveyancer will arrange the relevant conveyancing searches to provide you with information about the property you're buying. This will include a Local Authority search, Environmental search and Water and Drainage search. The results of this will highlight any environmental or legal issues you'll need to consider, such as risk of flooding, radon gas and subsidence.
There are 5 rivers that flow through Sheffield, including the River Don, Sheaf, Rivelin, Loxley and Porter. This means there is a high risk of flooding in Sheffield. Sheffield City Council has a Flood Risk Management Strategy that sets out to reduce the likelihood of flooding. It aims to provide support to local communities to protect themselves from flooding as well as working towards improving the city’s environment.
Due to Sheffield once being steeped with many collieries, the city also suffers from subsidence. The Ground Stability Search will highlight any issues that could affect the instability of the ground. If there's a high risk of current or future unstable ground, it could affect your property value when it comes to selling.