In most cases, every flat you find in Southampton is a leasehold property. It takes longer to go through the legal work for a leasehold property than it takes for a freehold property. There are more formalities to follow and things to prepare for than there are in a freehold property.

Issues such as landlords whom you cannot contact easily or missing leasehold documents can delay the process. Our team of specialised conveyancing solicitors have handled over 40,000 clients with a proven record of a 95% success rate. It means you can rely on us if you want to save time processing leasehold documents and buying property in the UK.

Yes, you will need a conveyancing solicitor if you are remortgaging a house in Southampton. If you get experienced solicitors, they should be able to complete the conveyancing process faster and get you to your new property without causing delays.

If you are planning to transfer equity in any property in Southampton, AVRillo should be able to help you out. Our team of trusted property lawyers can help you complete all the legal work if you give your property to your children or any relatives. You can get our reliable and fast conveyancing services by simply contacting our customer care team.  

The conveyancing process in Southampton involves three main stages. These include:

• Getting an offer and acceptance
• Exchange of contracts
• Completion of the process

A buyer and a seller will agree to enter into a contract when an offer is accepted. The buyer and seller are in legal agreement when they agree to sign the contract. It means either party cannot pull out of the contract without attracting any penalty.

Our team of solicitors at AVRillo has many years of combined experience in many areas, including:

• Remortgaging
• Buying a home selling a home
• Equity release

• Advice on buying joint tenants
• Buying and selling of leasehold property
• Advice on stamp duty
• Buying and selling of land
• Buy to let conveyancing
• Transfer of equity
• Deed of gift and gifting property
• Collective enfranchisement
• Extension of lease

Our solicitors are in a team of most lenders in Southampton. It means that we will build and support your case to ensure all your transactions go through without any delays. Whether you are using a local building society or a national firm, you can always count on us.

Yes, you will need an experienced solicitor by your side when buying property in Southampton. A solicitor has the right skills and experience to help you with conveyancing searches. A conveyancing search is normally a detailed inquiry that is submitted to different authorities in Southampton. It requires you to identify all the issues affecting the home or property you want to buy before submitting it. Also, a lender will usually ask that you purchase conveyancing searches.

If you are looking forward to buying any property in Southampton, you should do some research to find the prevailing market price. The house price data from Land Registry estimates the average property cost as £210,126 in Southampton.  

Semi-detached homes go for a price of £ 256,759 and detached properties at £356,823. Flats go for £153,201 and terraced homes £211,930.

When buying property in Southampton, the minimum deposit you are supposed to pay the seller is at least 10%. Now, if you cannot provide the full deposit of 10%, the exchange deposit can be reduced to 5% or less.  

The law requires that if the buyer fails to complete the full deposit within the agreed time and a due process is followed, the seller can keep the 10% deposit. The property seller can pursue a claim through a litigation lawyer if the buyer fails to put down the 10% deposit.

The time it takes to exchange property in the UK varies depending on the solicitor you choose to work with. It also varies depending on the time of the year and what time you start instructing your lawyer. The average period when exchanging property in the UK is around five months. 

According to the information from the HMRL Land Registry, a title deed is a document that relates to the property that may have rights or benefits that are affecting the property.

A leasehold is temporary ownership of a property. If the leasehold expires, the property belongs to the freeholder. A freehold is what defines how land is owned.

When buying a property in Southampton, the government will charge you some tax known as Stamp Duty. Any individual buying property in the UK is liable to a Stamp Duty unless some exemptions are eligible. A first-time property buyer is liable to a full stamp duty rate.

It is important to know how much money you are likely to pay as Stamp Duty when buying property in Southampton for the first time. Therefore, you should contact your lawyer and ask them to help you calculate the stamp duty tax that you need to pay. 

The solicitor should be able to send you an estimate of how much you should be applying when giving a quote for their conveyancing services.

In most cases, the stamp duty will depend on the purchase price of the property and your capacity as a buyer. It comes in a tax form that you have to complete correctly. If you are buying property for the first time, you should allow your conveyancing solicitor to fill out the form for you. This way, you can avoid all the errors that you are likely to make.

Some properties may be exempt from stamp duty tax. On the other hand, if a property is worth a million pounds, it will likely attract higher stamp duty. Also, in case you own more than one property in Southampton, you are likely to pay a high stamp duty tax.

How much you pay for this service will depend on what your solicitor is charging you. A Stamp duty tax comes with an average of 70 questions that are listed. You are supposed to answer all these questions correctly. You can ask your property lawyer to complete the form and avoid the hefty penalties you are likely to pay when you fill the form incorrectly.