Conveyancing in Portsmouth
Conveyancing is defined as the work a solicitor or licenced conveyancer does to transfer a property from one party to another. If you're looking for a conveyancing solicitor in Portsmouth, you're in the right place. Get a fast & proactive solicitor from a nationwide panel of conveyancing experts.
We have helped Portsmouth and Hampshire clients with buying, selling, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Basingstoke, Eastleigh, Gosport and Southampton
Buying property in Portsmouth
A city in Hampshire on the south coast of England, Portsmouth is known for its maritime heritage, the Historic Dockyard, and the Spinnaker Tower. The city offers strong transport links and has a population of approximately 238,000.
Council Tax in Portsmouth (2023/24)
| Band | Amount |
|---|---|
| A | £1,320.51 |
| B | £1,540.59 |
| C | £1,760.67 |
| D | £1,980.76 |
| E | £2,420.93 |
| F | £2,861.10 |
| G | £3,301.27 |
| H | £3,961.52 |
What does a Portsmouth property lawyer do?
Your solicitor will handle the legal aspects of the transaction. Your solicitor will perform due diligence on the property, including raising enquires, applying for searches from local authorities (e.g. Portsmouth UA) and reviewing contracts.
In addition to standard searches, Portsmouth conveyancing solicitors may undertake flood risk searches.
Purchasing a home with a mortgage?
During the house buying process, your solicitor must also complete the legal work on behalf of the bank or building society. If your conveyancing solicitor is not on your bank or building society's panel, your purchase could take weeks longer.
Our chosen partner solicitors have established relationships with the majority of lenders, facilitating a quicker completion of your transaction.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
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We can help Portsmouth buyers with conveyancing for:
Approximately half a million listed properties exist across the country - around 480 of which are in Portsmouth City Council. Portsmouth listed buildings include: There are many additional things to consider when buying a listed building. Examples of the duties that listed building owners face include maintenance of historic features, required consent for landscaping and public access to certain areas. Our specialist panel of solicitors will clarify what duties your ownership will impose. Read more:Buying a listed building
Shared ownership conveyancing is the service you will need, when you buy a share in a property from a social housing provider. Shared ownership conveyancing can be more involved than buying the property outright. Quittance's panel of solicitors has extensive experience handling shared ownership conveyancing (including staircasing).Buying a Shared Ownership property
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Selling a house or flat in Portsmouth
When selling a house or flat in Portsmouth, your conveyancing solicitor will assemble all essential documents, including the contract of sale and the TA6 and TA10 property information forms, and help you fill out these forms. The solicitor's duties entail responding to the buyer's solicitor's questions, resolving any potential issues and handling the mortgage redemption.
The solicitor will also liaise with key parties, including agents, managing agents and lenders, so the transfer of ownership is completed without incident.Does the conveyancing for selling leasehold take longer?
Yes, that's correct, it can take much longer to carry out the conveyancing on a leasehold house or flat when compared to conveyancing on a freehold house.
The buyer's conveyancer will need to review this leasehold-related paperwork. These could include an up-to-date statement of service charges and a copy of buildings insurance for the common parts of the property. The time required by your solicitor to source this information is usually the cause of these delays.
Your lawyer should get this underway at the earliest opportunity, as these details can take weeks to collect if the landlord or managing agent is slow or difficult to contact.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgaging a property in Portsmouth
The Bank of England's current base rate is 5.25% (9 December, 2024)
You should verify the solicitor that you want to carry out the legal work for your remortgage is on your lender's legal panel before you instruct.
Our partner panel solicitors can work with 99% of all mortgage lenders. Whether you are changing to a 5-year fixed rate with Virgin Money or moving to a guarantor mortgage with Buckinghamshire Building Society, our panel solicitors can guide you through the remortgage process.
Read more:
Find out if our panel solicitors can act for your mortgage lender
Get a remortgage conveyancing quote
Transfer of equity in Portsmouth
Whether you are dealing with inheritance tax planning, gifting a property or buying out an ex-partner after a separation, you'll need a conveyancer to handle the transfer of equity.
Your conveyancer will complete all the necessary paperwork for a low, fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much should I budget for conveyancing in Portsmouth?
Legal fees
The conveyancing quote will detail the fees for the legal work, including VAT, to be paid when the conveyancing transaction completes. These legal fees are paid to your solicitor or conveyancer for the tasks they complete.
Disbursements
A disbursement is a cost that your solicitor or conveyancer must pay to a third party for a tax or additional service. Examples of disbursements include Local authority searches, Stamp Duty or a mining search.
Check for additional fees
Watch out for undisclosed fees not included in your original quote, when comparing quotes. Some firms set out additional charges in the small print, leading to an inflated final bill.
