Conveyancing in Isle of Wight

What does conveyancing in Isle of Wight involve?

Conveyancing is the term law professionals use for the process of buying and selling property. All the paperwork and legal formalities needed for buying, selling, remortgaging and transferring equity are conveyancing. For a property purchase on the Isle of Wight, a conveyancing solicitor will request searches on the property for buyers, negotiate the price, exchange contracts and transfer the funds. Homeward Legal only works with fully qualified and expert property law firms for all conveyancing on the Isle of Wight. Find out more about the conveyancing services Homeward Legal offers here.

How do I get a quote for conveyancing on the Isle of Wight?

Our online quote builder gives you a quote for your transaction of choice in minutes. Simply enter a few crucial details about you, the transaction required and the property involved. We are also available seven days a week on . Why not arrange a callback at a time that's convenient to you?

Why should I choose an Isle of Wight conveyancing solicitor through Homeward Legal?

First-class customer service and competitive prices are just two of the excellent reasons to choose Homeward Legal for your Isle of Wight conveyancing. Here are some more:

• The legal fee you are quoted for conveyancing in the Isle of Wight will be exactly what you pay, with no hidden costs*.
• We offer no-completion protection with no legal fees to pay if your move fails to complete for any reason.
• We only work with fully qualified professionals regulated by the Council for Licensed Conveyancers or the Solicitors Regulation Authority.
• We always use plain English with no jargon, so each part of the conveyancing process is easily understood.
• The hundreds of positive reviews on Trustpilot for Homeward Legal show our high levels of customer satisfaction.

*Your quote from Homeward Legal will cover common conveyancing costs in line with the information you've provided to us. Depending on the specific circumstances of your transaction, and after discussion with your solicitor, there may be additional non-standard fees which would be in addition to the fee quoted by Homeward Legal.

How much does conveyancing in the Isle of Wight cost?

There is no set price for conveyancing on the Isle of Wight because each transaction is unique. The final bill for conveyancing depends on such factors as the property's value and whether it is leasehold or freehold. For example, when buying, your Isle of Wight conveyancing costs will include searches, Land Registry fees, solicitors' fees, bank transfer fees, Stamp Duty Land Tax*** and more. There is more information in our guide to average conveyancing fees.

The Stamp Duty Land Tax Holiday of up to £500,000 ended on the 30th June 2021. However, there is still temporary relief in place until 31st September 2021 up to £250,000, with the stamp duty rate ranging from 2% to 12% of the purchase price in England and Northern Ireland. After then, stamp duty will revert back to the normal threshold of £125,000.

Where are Isle of Wight's best home-mover destinations?

The island's capital of Newport attracts a lot of home buyer attention, particularly for its period properties. For coastal living, Cowes, Shanklin, Ventnor and St Helens have great appeal, while the island's most easterly location of Bembridge is considered one of the most attractive places to live, thanks to its beautiful beaches, quirky shopping and picturesque pier.

How much is a typical property in Isle of Wight?

Property prices on the island can be high, particularly in those prized seaside locations. According to the most recent 2020 data from the Land Registry, the current average sold price for a home on the Isle of Wight is £227,417, well below the south-east regional average price of £332,147.

Will buying a leasehold property slow down conveyancing in Isle of Wight?

Buying leasehold can occasionally be a more time-consuming process in conveyancing. This is because an Isle of Wight conveyancing solicitor must carry out specific enquiries related to a leasehold property. The response to those enquiries must come from the freeholder (landowner), and any delay can hold up a purchase transaction. You can read more about buying leasehold in our comprehensive guide.

Which council is responsible for schools in Isle of Wight?

The Isle of Wight Council is responsible for all state education on the island. You can find out how the island's schools and colleges are rated by Ofsted on the government's school comparison website.

Is there a flood risk to property in Isle of Wight?

The topography of an island such as the Isle of Wight means there is an enhanced risk of flooding, particularly in heavy rainfall and storms. To stay fully informed of any potential problems, ask your Isle of Wight conveyancing solicitor to instruct a flood-risk search. The Environment Agency's guide to flood risk across England is a useful resource to show which areas are susceptible to flooding.

What kind of searches will I need for conveyancing in Isle of Wight?

Your Isle of Wight conveyancing solicitor will outline the essential conveyancing searches. Here are some of the most important:

• Local authority search: Provides information on planning and on conservation areas, important when buying in the Isle of Wight where there are a total of 36 conservation areas.
• Environmental search: Provides details of contaminated land and pollution, particularly on former industrial sites and brownfield land development.
• Chancel repair liability search: Reveals if the property is responsible for this rare historic charge covering repairs to the local Church of England.

What are transport links like in Isle of Wight?

As an island, transport to and from the Isle of Wight depends very much on ferry services to the mainland. Wight Link is one of the firms offering car ferry services between Yarmouth, on the island's south-west coast to Lymington in Hampshire; and from both Fishbourne and Ryde, on the north-east coast, to Portsmouth and Southsea. Hover Travel offers a 10-minute trip for foot passengers between Ryde and Portsmouth.

There are no motorways on the island, with A roads linking the main conurbations. Southern Vectis operates the island's bus services. There is a rail service from Ryde to Sandown and Shanklin, while the Isle of Wight Steam Railway offers a picturesque 10-mile round trip back in time.