When you're buying a house in Surrey, you'll need the expert legal help of a conveyancing solicitor. They will be responsible for carrying out searches and transferring ownership of the property. At Compare My Move, we will match you with up to 5 of our conveyancing solicitor partners, saving you time and up to 70% off your conveyancing fees.
All our conveyancers must go through a strict verification process before they can join us to ensure they are fully accredited. For your peace of mind, all conveyancers are fully regulated by either the SRA, CLC, LSS, LSNI, or CILEX.
Your conveyancer will explain any legal jargon and conduct relevant searches. To save time, money, and stress on your move, let Compare My Move compare solicitors for you.
Your conveyancer will explain any legal jargon you don't understand. They will guide you through the legal aspects of the purchase and conduct any relevant conveyancing searches.
Over the past year, 20,143 existing properties and 613 new builds were sold in Surrey, according to the UK House Price Index. Detached properties rose the most in price, increasing by as much as 11.9% in December 2021.
Once your offer has been agreed upon, you should instruct your conveyancer. This will ensure a more efficient process. Here are some tasks your conveyancer will carry out during the conveyancing process:
This list is not exhaustive and your conveyancer may have to complete additional steps. This is likely to occur when buying or selling leasehold properties.
Data taken from UK House Price Index
The average house price in Surrey is £505,759. This means that the average conveyancing fee when buying a freehold property is £1,750 and £1,860 for leasehold properties. The average fees when selling a property are £1,640 for freehold and £1,780 for leasehold.
The total conveyancing cost is made up of legal fees, searches, and disbursements. One search you must pay for is a Local Authority Search. According to the Surrey Council website, a full Local Authority Search costs £215.41 including VAT.
The final amount is dependent on various factors such as whether the property is freehold or leasehold, and the property location.
Data taken from Compare My Move’s Moving House Calculator
The conveyancing process in Surrey takes approximately 149 days. This is 10 days less than the national average which is 159 days. This still accounts for over half the entire buying and selling processes.
The average time from initial listing to completion day in Surrey is 264 days. This is 10 days less than the national average which is 274 days.
The total amount of time that your conveyancing process will take is dependent on the difficulty of the case. For example, if you are part of a property chain, this can cause further delays. This is because you are likely to be buying and selling at the same time which requires further paperwork.
Data taken from Get Agent
Your conveyancer will conduct conveyancing searches during the process. This is one of the most important parts of the conveyancing process because it will highlight environmental concerns. Some examples of conveyancing searches include the Environmental Search and Water & Drainage Search.
There are areas of Surrey that have a high flood risk. These are the areas that are alongside the River Thames such as properties in Staines-Upon-Thames. There are also many areas at risk of surface and groundwater flooding.
There is a low risk of subsidence in the county of Surrey. Subsidence is usually present in densely populated areas such as London. This is because they are home to a large population and office buildings that causes pressure on the ground.
According to the UK Radon Map, there are areas in Surrey that are home to the highest exposure of radon gas. This includes parts of Guildford, Blindley Heath, and Salfords. These areas have a maximum radon potential of 5-10% in an area of 1km squared.