Situated on the Hampshire south coast, the majority of the city of Portsmouth lies on Portsea Island, making it the only island city in the UK. An important naval port employing 10% of the city's workforce, it is also the UK's 2nd busiest passenger port after Dover. Other industries include ship-building, defence, digital and IT and fishing.
There has been sustained increase in house prices over the last few years, with an 8% growth reported over the last 12 months.
Portsmouth conveyancing FAQs
How much Council Tax will I pay for a property in Portsmouth City Council?
Portsmouth is situated in Portsmouth City Council. Council tax bands are as follows:
|Band||Portsmouth City Council Tax (2018/19)|
Are Portsmouth conveyancing fees fixed?
Some conveyancing solicitors in Portsmouth offer services on an hourly basis and other firms will work for a fixed fee.
Our conveyancing solicitors work on a fixed legal fee basis, with no hidden fees. Your detailed quote will set out what the conveyancing fees and costs will be when your move goes through.
If, for any reason at all, your move does not go ahead, you will be covered by our No Move, No Fee guarantee.
Will I need property searches when buying a property in Portsmouth?
Searches are detailed enquiries submitted to a number of authorities by Portsmouth conveyancing solicitors to identify issues affecting the home you want to buy. Lenders also usually require conveyancing searches to be purchased.
How long does leasehold conveyancing take?
Over 90% of flats in the UK are leasehold. Purchasing leasehold property can take weeks more to complete than a freehold property because there is more work involved and there are more parties involved.
Varied factors, such as out-of-date contact information for the freeholder or incomplete managing agent information, can lead to serious delays.
Quittance's team of leasehold specialists complete the legal work for 100's of leasehold purchases each month. With specialist expertise there should be far fewer delays.
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.
I am remortgaging a property in Portsmouth - do I need a solicitor?
The Bank of England base rate is currently 0.1% (Jul 2020). A good Portsmouth remortgage solicitor can get you onto your new rate as quickly as possible.
Our network of solicitors are members of most UK mortgage lenders, so whether you are you are changing to a 100% mortgage with RBS or to a joint mortgage with the Yorkshire Building Society, Quittance can help.