Do you need a trusted conveyancer to help when you’re buying or selling property in Stevenage? You’re in the right place! Compare My Move have a network of accredited and verified licensed conveyancers and conveyancing solicitors to help with your move.
We can compare and connect you with up to 5 conveyancing solicitors in Stevenage, helping you to save up to 70% on your conveyancing fees. We only work with SRA, CLC, LSS, LSNI or CILEx regulated solicitors to guarantee a first-class service.
It’s vital to hire a conveyancer to take care of the legal side of buying or selling a house. They’ll be responsible for liaising with mortgage lenders and other third parties, exchanging contracts and planning completion day. They will also explain any legal jargon and guide you through the process.
A conveyancer’s role during the house buying or selling process is to handle the legal side of the sale. This includes, liaising with the buyer or seller’s conveyancer, explaining any legal jargon and arranging the relevant searches.
Over the last year, 1,159 existing properties were sold in Stevenage according to the UK House Price Index. Detached properties saw the largest increase in price, rising by 16.43% in January 2022 alone.
It is recommended that you instruct a conveyancer as soon as an offer has been agreed. This avoids unnecessary delays and helps to ensure an efficient transaction.
The conveyancing process includes:
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
With an average property price of £326,089 in Stevenage, the average conveyancing fees when buying a freehold property is £1,390. If you're purchasing a leasehold home, the price increases to £1,560. For selling a home in Stevenage, the average conveyancing cost for a freehold home is £1,340, whilst for leasehold properties, the cost increases to £1,490.
Your conveyancing costs will depend on a number of factors, including 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 Stevenage’s Council’s website, a full Local Authority Search (LLC1 and CON29R) will cost £86.20 inc VAT.
Data taken from Compare My Move’s Moving House Calculator
We found that the conveyancing process in Stevenage takes 182 days on average. This is longer than the UK average, which is 159 days.
In total, the entire buying and selling process from the initial listing to completion takes 297 days in this part of England. This means that over half the time it takes for the transaction to fully complete is taken up by the conveyancing process. Be aware that each sale is unique and that timescales will vary. Factors such as the buyer or seller’s circumstances or complications in the process can factor into the time it takes to complete.
Whether the property is freehold or leasehold will also impact the length of the conveyancing process, regardless of where you are in the UK. Buying and selling leasehold properties takes longer as additional steps must be taken. There will also be additional paperwork that your conveyancer will need to complete.
Data taken from Get Agent
As part of the conveyancing process, your solicitor will arrange for searches on the home and surrounding area. This includes a Local Authority search, Environmental search and Water and Drainage search. The results of these searches highlight any environmental or legal issues with the property and the surrounding area. These can reveal factors such as the risk of flooding, subsidence, ground stability and radon gas levels.
Geobear’s UK Subsidence Map shows that there are areas of subsidence around Stevenage and the surrounding areas, but it is not a huge concern. Your conveyancing searches will be able to tell you more about your specific area.
There is a low risk of flooding in Stevenage, both from rivers and the sea or surface water. There is a medium flooding risk further south of Stevenage, so keep this in mind if you are looking to buy a home in this area. Be sure to read your search reports thoroughly and talk to your conveyancer if you have any concerns.