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Finding the right conveyancer for you is essential. Your conveyancer will arrange the legal side of your Swindon property purchase. They will also organise essential searches of the home and surrounding area.
Conveyancers guide you through the legal side of property sales. They can provide legal advice and ensure that all documentation is submitted correctly and on time on your behalf.
Over the last year, 3,887 existing properties and 251 new builds were sold in Swindon, according to the UK House Price Index. Detached properties increased the most in price, rising by 15.1% in March 2022. Instructing a conveyancer once your offer has been accepted will ensure that your move goes as smoothly as possible.
Some jobs that your conveyancer will carry out include:
While this list is not exhaustive, there may be additional steps that need to be taken when dealing with a leasehold property.
Data taken from UK House Price Index
The average house price in Swindon is £254,662. This means that the average freehold conveyancing fees are £1,320 and the average leasehold conveyancing fees are £1,490 when buying. When selling, the average conveyancing fee for freehold properties is £1,270 and £1,420 for leasehold properties.
Conveyancing costs are determined by a variety of factors. These include your location, and whether you are buying or selling among other things.
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. According to the Swindon Council website, a full Local Authority Search costs £128.90.
Data taken from Compare My Move’s Moving House Calculator
The average length of the conveyancing process in Swindon is 166 days. This is 7 days more than the national average of 159 days.
On average, the time it takes between the property being listed and being registered with Land Registry is 285 days in Swindon. This is longer than the national average of 274 days. This means that the majority of the time is taken up by the conveyancing process. The amount of time the process takes is dependent on a variety of factors such as the difficulty of the purchase or sale.
The property being freehold or leasehold can also impact the amount of time it takes. Leasehold properties take longer to process than freehold.
Data taken from Get Agent
Your conveyancer will have to carry out conveyancing searches. This is to evaluate whether your property is at risk of environmental damage such as floods.
Swindon has a risk of flooding, so it's important to make sure you pay close attention to the section on your search report. Swindon has been hit by flooding both historically, causing great concern for homeowners. Heavy rain largely contributes to the issue, putting pressure on the River Ray, which flows to the south of Swindon.
Radon Gas levels are higher than average in some parts of the city. It is an odourless and colourless radioactive gas that occurs in rocks and soil. Radon Gas can cause a variety of health issues including lung cancer.
Ground stability and land contamination are less of a concern. Your conveyancer will arrange for a Ground Stability report to be undertaken on the home and the surrounding area. This will reveal any risks of landslides or subsidence.