Conveyancing Solicitors in Sheffield
It is often said that buying or selling a property is one of the most stressful events we face. Here at Lupton Fawcett, our Conveyancing Solicitors make it their mission to ensure that, for our clients, it isn’t.
You’ll be happy to know that our Sheffield Conveyancing Solicitors will support you through the entire process, with easy to understand language and a transparent pricing policy.
No matter which rung of the property ladder you are reaching for, the most important thing you can have on your side is a Conveyancing Solicitor who knows the local area well.
The team did a fantastic job on the sale of our house. They were efficient, pro-active and happy to answer all queries. I would definitely look to recommend them and look forward to using them in the future.
Expert legal advice and local knowledge.
With a client-focused approach and an in-depth knowledge of the Sheffield property market, we’ll do everything we can to ensure that the transaction goes smoothly.
The first step is to talk to one of our friendly Sheffield Conveyancing Solicitors. We’ll explain everything you’ll need to do next, and guide you through the entire process, always on hand to answer any questions you may have.
Through the use of email and video conferencing, our conveyancing team operates throughout the UK, and can serve your needs wherever you live and wherever the property is located.
We can assist with all types of residential property transactions – including first time buyers, buy to let investments, development projects, and disputes.
Our service is always tailored to you and your needs.
As you’d expect from one of the leading law firms in Yorkshire, we are accredited by the Law Society for the Conveyancing Quality Standard and by LEXCEL to undertake both residential and commercial conveyancing.
Our residential conveyancing services in Sheffield.
We understand that buying and selling a property is a significant undertaking that can have a major influence on family, finances, lifestyle and careers.
We aim to minimise the stress through outstanding communication and an attention to detail designed to help things progress smoothly.
We appreciate how hard it can be to find a property that meets all of your needs, so once you have we’ll do everything we can to bring the transaction to a timely conclusion, ensuring your interests are protected at all times.
Our professional residential conveyancing service includes:
- Direct contact with your solicitor
- A transparent pricing policy
- Optimal transaction times
- Efficiency and reliability
Conveyancing for sellers.
Sellers often wait until an offer is received before preparing the necessary documentation. However, this may leave you in a weakened negotiating position if the buyer is able to identify any anomalies with the title deeds, planning permission, building regulations or any other issues.
By getting all of the paperwork you will need for the sale of your property before going on the market, you can take steps to resolve any problems well in advance, avoiding delays down the line, and minimising the leverage a buyer might have in the negotiations.
Lupton Fawcett’s Quickstep Service for Sellers can help.
Many residential property sellers in Sheffield have benefited from the Quickstep report by our expert Conveyancing Solicitors in Sheffield which highlights any issues that a potential buyer might raise. The report includes our recommendations on how to resolve the issues we’ve identified allowing you to maximise the saleability of your property.
The Quickstep report will show you, for example:
- If any important documents are missing.
- If anything could limit the ability of a purchaser to take out a mortgage on the property.
- If there are any problems with planning permissions.
- If any covenants have been breached.
The standard fee for a pre-sale Quickstep report is £150 (plus VAT). However, this will be waived if you instruct Lupton Fawcett to act for you in the sale of your property, and you complete within 9 months of the date of the report. If not, our charge of £150 (plus VAT) will be payable.
To request a Quickstep Report for property sales, please complete our simple questionnaire. We will review this and then contact you to discuss how to take the matter forward.
Residential Property Conveyancing in Sheffield.
There are more steps involved in conveyancing today than ever before. New requirements have been added gradually to the process over the years to reduce risk and fraud, minimise mistakes and protect the buyer.
These days questions must be asked about energy efficiency ratings, insulation, energy providers, sewers, and more.
Our Sheffield Conveyancing Solicitors will endeavour to keep things moving forward smoothly, protecting your interests at all times.
Drawing on our experience, we make every effort to anticipate potential issues so that delays can be minimised, and communicate with you regularly so you’ll always know what’s happening.
Conveyancing for Freehold and Leasehold Property Purchases.
If you find a house you want to buy, and your offer is accepted there is no time to waste. You’ll want to get a survey and the initial searches done straight away so you’ll have some confidence that the sale can proceed. Lupton Fawcett’s experienced Sheffield Conveyancing Solicitors will make sure matters proceed in a timely manner, protecting your interests at all times.
The conveyancing process for a property purchase can be outlined as follows:
Once your offer has been accepted, the seller’s solicitor will draw up the contract and send it to us. We’ll check and approve this with you, negotiating any necessary changes with the seller’s solicitor.
We’ll then conduct an extensive review of the legal title to the property, and check that there are no onerous covenants or rights which would affect your use of the property.
Local Authority searches will also be conducted to make sure that all the necessary planning permission and Building Regulations approvals are in place for the property. Issues regarding Tree Preservation Orders, rights of way, boundary disputes and nearby road schemes and proposed compulsory purchase orders would also be included in these searches.
Further searches are conducted in relation to the water supply, drainage, and other matters specific to your local areas such as flood risks. Our findings are communicated to you along with practical solutions to any issues that have arisen..
If necessary, we’ll correspond with the seller’s solicitor to address the results of our research and searches and changes may be made to the terms of contract accordingly.
Once both parties are happy with the contract, they can be signed in preparation for exchange.
Communication with the Mortgage Lender.
We will review the mortgage offer and discuss the details with you to ensure you fully understand and accept the terms and conditions.
Where necessary, we will report any findings uncovered by the searches to the lender and explain how we intend to deal with them.
At this point, the buyer and seller will be committed to the transaction. The buyer will be required to pay a deposit and a date for completion is agreed. Prior to completion another round of searches will be carried out at the Land Registry to make sure that the legal title hasn’t been changed or amended since the first search.
Providing that everything is as it should be, the transfer deed is signed and the mortgage money is requested.
We’ll also prepare a Stamp Duty Land Tax return for filing with HMRC.
The seller moves out of the property on the completion date, money is sent to the seller’s solicitor and the keys are released to the buyer.
Your Conveyancing Solicitor will prepare the completion statement to show all payments made and received.
The transaction will be registered with the Land Registry, ensuring that your ownership, any Mortgage and any other pertinent matters are correctly recorded.
Conveyancing for Freehold and Leasehold Property Sales.
Once you have accepted an offer to purchase your property, your Conveyancing Solicitor will begin the process of transferring the ownership and settling all the financial aspects. This includes:
- Checking the legal title to the property.
- Drafting the contracts.
- Offering advice on the terms of the contract.
- Responding to any queries from the buyer’s solicitor and assisting you to take any necessary action.
- Coordinating your signature on the contracts.
- Exchanging contracts with the buyer.
- Arranging your signature on the transfer deed.
- Agreeing a completion date with the buyer’s solicitor.
- Producing a completion statement showing the final amount you will receive after all the necessary deductions have been made (e.g. the mortgage, agents fees and taxes).
- On completion, repay the mortgage, other costs and taxes.
- Notify all parties when the transaction completes.
- Transfer the balance of funds to you.
How long does conveyancing take?
A typical residential property transaction takes 8-10 weeks. Much depends on the responsiveness and organisation of all the parties in the chain, the age and type of property and the type of purchase.
Extending the lease of a leasehold property can take 3 to 6 months, and additional charges would apply.
The economy and investment in Sheffield.
Sheffield’s future looks bright. Following the blueprint of success that has been seen in Manchester and Leeds, and the successful Phase 1 of the Heart of the City scheme, Sheffield City Council is investing £470 million in the Heart of the City II scheme to develop new hotels, retail outlets, grade A office space, along with roads and transport links which have been shown to have a positive impact on local jobs, property and the wider economy.
A £90M development is currently under way for a new site for HSBC bank. This is forecast to increase job opportunities at what is already one of the area’s largest employers. There are further plans to develop the 60,000 square feet of the city centre area between Fargate and The Moor.
Developments of residential properties around Sheffield are increasing too with investors keen to get involved early having witnessed the phenomenal success of similar off-plan projects in Liverpool, Leeds and Manchester.
Sheffield was built on steel and coal – a toxic combination for a 20th century city. Although much of the decline was decades ago, Sheffield has felt the impacts for many years.
However, there is light at the end of the tunnel. An ambitious economic growth plan aims to create 70,000 more jobs and 6,000 more businesses by 2025, increasing Gross Value Added (GVA) by £3billion.
It’s a simple fact that people move to where the jobs are, so population trends are an important indicator of a city’s economic strength. Over the last 10 years, the population of Sheffield has increased by around 7% and with 518,090 residents it ranks 6th in the UK.
Although a large percentage of employment in Sheffield is in the advanced manufacturing sector, it is home to branches of some of the world’s most famous organisations including IBM, Rolls Royce and Boeing.
With a rateable value of just £86 per m2, commercial office space in Sheffield is an attractive proposition for both established businesses with an eye on value, and ‘start up – scales up’ businesses looking to expand.
Sheffield is home to two of the country’s largest universities – The University of Sheffield and Sheffield Hallam University.
This brings a constant stream of young graduates into the city – 70,000 per year to be precise – and with 25% of students choosing to remain in the city following their studies, this creates a huge demand for private residential rental property, both in the city centre and in the suburbs.
Based on the The Schools Guide rating of secondary schools in Sheffield, which looks at key performance data including exam results, Ofsted reports and student to teacher ratios, among the top rated state schools in Sheffield are Notre Dame High School, Silverdale, Bradfield School and Meadowhead.
House prices in areas where the best schools are located range between £132,364 and £226,963 for a terraced house and £280,739 to £530,140 for a detached property.
Laying adjacent to the M1, Sheffield is also directly linked to many cities and towns all over the UK, especially thanks to speedy direct train links to London.
Big news for the city is the plan to have a Sheffield stop on the new High Speed Rail 2 line. This will create more services and reduce times when travelling to London and the South.
The city has four airports within less than half an hour’s drive, helping to make it an easy transport hub for overseas travel as well.
The four lines of the Super Tram network run North to South and East to West and are organised around Park Square in the city centre, making travel around the city quick, convenient and cheap.
Thanks to a recent innovation, trams are now able to connect to parts of the rail network, extending the reach and connectivity of the tram system with a positive impact on house prices in areas now benefiting from better access to the city centre.
Sheffield house price trends.
According to Zoopla estimates, the average price for property in Sheffield in July 2020 was £187,743, which represents a decrease of 10.83% over the previous 12 months ago. In terms of property types, flats in Sheffield sold for an average of £134,091, terraced houses for £135,612, and the average price of a detached house was £339,055.
However, averages by property type don’t tell the whole story. As in all cities, there is a wide variation in price between different areas of Sheffield. For example, the highest value properties in Sheffield can be found in Whirlow Park Road (S11), Petworth Drive (S75) and Cavendish Avenue (S17) where the average prices are just under £1M. By comparison, the average house prices in Grimesthorpe and Pitsmoor were around £90,000 in the same period.
The areas of Broomhill, Fulwood and Ecclesall are very popular with families as they are close to the city but with plenty of trees and greens spaces, and properties can be purchased in the £190,000 to £330,000 range here.
With a fast growing population and large scale investment Sheffield is also an attractive prospect for buy-to-let property investments with potential yields of over 7%.
Why choose Lupton Fawcett’s Conveyancing Solicitors in Sheffield?
We have over 100 years of experience helping people with all types of property matters, providing expert legal advice on:
- Auction sales and purchases
- Transferring equity
- Commercial property conveyancing
- Shared ownership
- Right to buy
- Buying the freehold of your leasehold property
- Land sales
At Lupton Fawcett, our specialist Sheffield Conveyancing Solicitors are on hand to help with any aspect of residential property to ensure you get the desired outcome as quickly as possible. We understand the importance of timing and reliability when it comes to residential property sales and purchases, so you can rely on us to drive the process forward on your behalf.
Our Sheffield Conveyancing Solicitors act regularly for clients across the city including St. Pauls, Fulwood, Dore, Eccleshall, Crookes, Crookesmmor, Walkley, Nether Edge and Ranmoor.
As a recognised full-service law firm, we can support your needs wherever you live in England, Wales & Northern Ireland.
Call today or complete the enquiry form and we will get back in touch with you quickly. We will always respond promptly, and we will be happy to help.
To discuss your circumstances, contact us today by calling, or fill out the enquiry form on this page and we will be in touch.