As a rule, conveyancing usually takes between 12 and16 weeks starting from the date that an offer is officially accepted until the date for completion.
However, this timeframe can vary substantially because of the many factors involved and different circumstances surrounding property sales. Here, we examine the conveyancing process in detail.
Factors that influence the conveyancing timeline
Many different variables involved in property sales can affect how long conveyancing takes.
When a seller requires the money from a sale to complete a purchase, it creates a property chain; the longer the chain of buyers and sellers depending on completed transactions, the more complex the process becomes, increasing the potential for delays. Leasehold property conveyancing involves more paperwork than freehold properties making property type another influencing factor.
Mortgages also impact conveyancing time because they must be approved which requires valuation, underwriting, plus internal lender processes that take time.
Crucial elements of the conveyancing, surveys and searches can also lengthen the process. Delays arise from slow turnarounds from local authorities on searches, and problems found in surveys can need negotiation.
How responsive parties are to requests for information or actions is another major factor to consider, as is the complexity of the transaction.
How to speed up the conveyancing process
Choosing a competent solicitor that is a specialist in conveyancing is always advised for a streamlined property transaction. Taking a proactive approach to the process is also key. For instance, preparing all documentation in advance so it’s ready when required and submitting mortgage applications early. Ensure you make yourself available when needed and communicate clearly with your conveyancer.
With an understanding that the conveyancing process can commonly encounter delays, especially when many buyers and sellers are involved, it is important to always be realistic about the conveyancing timeline. Rest assured that your conveyancing solicitor will be working on your behalf to ensure the process is completed competently and as quickly as possible.
Do you need conveyancing solicitors in North Wales?
Whether you need solicitors Anglesey or Bangor when you need a professional conveyancing service, we’re a fit. Connect with our professional team today at Bennett Smith Solicitors for smooth and stress-free conveyancing.
