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FACT : Southampton Conveyancing Solicitors Know more about Conveyancing in Southampton

Southampton Conveyancing Statistics*

  • 1 Average Stamp Duty Payable for this year to date was £5,386
  • 2 The most common indemnity insurance policies for Southampton conveyancing is Restrictive Covenant
  • 3 Percentage of leasehold conveyancing purchases in Southampton is 5% where there is a share in the management company or freehold company
  • 4 Average time frame of 55 days for registration of title in Southampton
  • 5 Average Land Registry Fee for this year to date was £270

Examples of recent conveyancing in Southampton since July 2021*

Purchase

of flat Landguard Road SO15 5DJ, at a price of £151,750. Leasehold conveyancing investigations included: sending the transfer to the vendor for signature in preparation for completion, taking formal instructions from and updating the seller client, preparing statement detailing charges

Sale

of semi-detached premises, Waverley Road, SO15 1JF completing on 05/08/2021 at a price of £280,000. The legal transfer of property included amongst the various tasks: drafting the sale agreement and Transfer, setting up the completion formalities, sending title deeds and executed transfer to purchaser’s lawyers

Conveyance

of flat Westridge Road SO17 2AH, at a price of £137,500. Leasehold conveyancing due diligence included: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, ordering official copies of the title

Disposal

of semi residence, Woodside Road, SO17 2GU completing on 09/08/2021 at a price of £238,500. The conveyancing process included amongst the various tasks: securing official copies of the title, agreeing completion date with parties, setting up the completion formalities

Recently asked questions about conveyancing in Southampton

When can the exchange of contracts take place for purchase conveyancing in Southampton and do I need to be at the solicitors branch?

Where you are local to our conveyancing solicitors in Southampton you are invited in to sign the paperwork. That being said, the lender approved solicitors we recommend provide a countrywide conveyancing service and provide just as comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not the point of no return. Signing on the dotted line simply enables the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Southampton)to be in the office at the appropriate time.

I am buying a new build flat in Southampton. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Southampton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Southampton.

What is your number one tip for finding a conveyancing solicitor in Southampton

Do not opt for the cheapest Southampton conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.

I'm spending time looking at flats in Southampton and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a home loan with RBS.

You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.

I currently have a mortgage with Kent Reliance for my property in Southampton. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?

You must advise Kent Reliance prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.

Have purchased a a semi-detached house in Southampton , how long will it take for the Land Registry to record my proprietorship? My Southampton conveyancing solicitor has been very slow, so I want to be certain the registration is addressed.

There is nothing unique when it comes to conveyancing in Southampton registration formalities. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether there are errors and if the Land registry must send notices to any third persons or bodies. At present roughly 80% of such applications are fully dealt with within 12 days but some can be subject to longer hold-ups. Registration occurs after the buyer is living at the premises therefore 'speed' is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.

I'm purchasing a new build house in Southampton with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of additionals instead. The estate agent suggested that I not disclose to my lawyer about the side-deal as it may jeopardize my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Over the last few months I have been searching for a ground for flat up to £245,000 and found one round the corner in Southampton I like with open areas and transport links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Southampton for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you require a home loan the shortness of the lease will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

Last updated

Sample of conveyancing solicitors in Southampton regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Southampton but also conveyancing throughout England and Wales.

  • Idiculla Solicitors, 7 London Road, Southampton, Hampshire, SO15 2AE
  • Paris Smith Llp, 1 London Road, Southampton, Hampshire, SO15 2AE
  • Footner & Ewing, 19 Brunswick Place, Southampton, Hampshire, SO15 2SZ
  • Page Gulliford & Gregory Limited, 9 Cumberland Place, Southampton, Hampshire, SO15 2WL
  • Lawdit Solicitors Limited, 29 Carlton Crescent, Southampton, Hampshire, SO15 2EW

Residential Landlord and Tenant Conveyancing solicitors in Southampton

The list below is a small selection of solicitors in Southampton specialising in landlord and tenant law and on the regulations governing different types of tenancies. This could include advice on Service charge disputes

  • Paris Smith Llp, 1 London Road, Southampton, Hampshire, SO15 2AE
  • Idiculla Solicitors, 7 London Road, Southampton, Hampshire, SO15 2AE
  • Footner & Ewing, 19 Brunswick Place, Southampton, Hampshire, SO15 2SZ
  • Page Gulliford & Gregory Limited, 9 Cumberland Place, Southampton, Hampshire, SO15 2WL
  • Cgm Hampshire Limited, 4-5 College Place, London Road, Southampton, Hampshire, SO15 2UT

Commercial Conveyancing solicitors in Southampton regulated by the SRA

The firms listed below are a non-comprehensive list of solicitors in Southampton with expertise in commercial conveyancing in Southampton. This will likely include advice on buying and selling small and large scale commercial property and agricultural land
  • Idiculla Solicitors, 7 London Road, Southampton, Hampshire, SO15 2AE
  • Paris Smith Trust Corporation Limited, 1 London Road, Southampton, Hampshire, SO15 2AE
  • Paris Smith Llp, 1 London Road, Southampton, Hampshire, SO15 2AE
  • Footner & Ewing, 19 Brunswick Place, Southampton, Hampshire, SO15 2SZ
  • Page Gulliford & Gregory Limited, 9 Cumberland Place, Southampton, Hampshire, SO15 2WL

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.