If you are moving to Tunbridge Wells, you will need to ensure that you hire a licensed conveyancer. They will be able to guide you through the legal aspects of the property sale or purchase. Compare My Move can connect you with up to 5 licensed conveyancers and save you up to 70% on your conveyancing costs.
Our partners must pass a strict verification process before joining our network. As part of this process, partners must prove that they are regulated by either the SRA, CLC, LSS, LSNI, or CILEX. They will then be closely monitored by our team who will ensure that they perform to the best standard.
Your conveyancer's main responsibility is to assist you through the legal aspects of your property sale or purchase. They will explain any legal jargon you don't understand and carry out important searches.
According to the UK House Price Index, 2,110 existing properties and 92 new builds were sold in the Tunbridge Wells area over the last year. Detached properties increased the most in price, rising by as much as 13.2% in July 2021.
If you instruct your conveyancer once your offer has been accepted, your process will be more efficient. The conveyancing process includes the following steps:
Your conveyancer may be required to carry out additional steps if your case is difficult. For example, buying or selling a leasehold property requires more paperwork for your conveyancer to submit.
Data taken from UK House Price Index
The average house price in Tunbridge Wells is £442,832. This means that the average conveyancing fees when buying are £1,490 for freehold and £1,650 for leasehold. When selling a property, the average conveyancing fees are £1,430 for freehold and £1,580 for leasehold.
The total cost will consist of legal fees, disbursements, and searches. One of the searches that you must pay for is the Local Authority Search. In Tunbridge Wells, a full Local Authority Search costs £165 including VAT.
Your final conveyancing cost will be impacted by various factors. These include the type of property, the location, and whether you are buying or selling.
Data taken from Compare My Move’s Moving House Calculator
The conveyancing process takes approximately 149 days to complete in Tunbridge Wells. This is 10 days less than the 159-day national average. However, despite this, it still accounts for over half the entire process.
The length of time from the initial listing to completion day takes 264 days in total. This is 10 days less than the national average. This means that the conveyancing process takes up most of the transaction. However, the total time your transaction will take can vary. This is because it depends on the difficulty of your case.
Difficult cases can include those who are part of a property chain. This means that they will be buying and selling at the same time which can take a long time. There is also a chance that the transaction could fall through.
Data taken from Get Agent
Conveyancing searches are one of the most important parts of the conveyancing process. This is because they highlight any environmental risks that can damage your property. They include the Environmental Search and Water & Drainage Search.
Tunbridge Wells has a high risk of surface water flooding. This means that problems can occur during periods of heavy rainfall. The main watercourses flowing through the borough are the River Medway and its tributaries. These include the River Teise and Southborough Stream. Records show that the Medway has overtopped its banks during several major recorded flood events.
Geobear's Subsidence Map shows that Tunbridge Wells has low levels of subsidence and ground instability. This is far less than in areas such as London, where levels are particularly high.
There is very little evidence of Radon in Tunbridge Wells, especially in the centre. Low readings are found towards the North in the area of Vauxhall Road, but this is considerably lower than many parts of the UK. It is therefore unlikely that Radon Gas will be flagged as a concern in your report.