When buying or selling a property, it’s important to factor in the time it will take to complete the conveyancing process. This will ensure that you can plan ahead and avoid any stressful last-minute rush. The time it takes to complete the conveyancing process will vary depending on the complexity of the transaction and the amount of work that needs to be done
What Is Conveyancing and What Does It Involve?
Conveyancing is the process of transferring property from one person to another. It can be a relatively simple process, or it can become quite complex, depending on the circumstances.
There’s a lot of administrative and legal work to complete before we can exchange contracts and conclude. Although the process of conveyancing is fairly comparable for each deal, each one will differ. Therefore, while all conveyancing solicitors within the chain conduct these administrative and legal tests, it can be very difficult.
There are a number of things that need to be done during conveyancing, including:
- Gathering information about the property and the parties involved
- Preparing and issuing contracts
- Carrying out searches on the property and the parties involved
- Arranging for money to change hands
- Deed preparation and registration
How Long Does Conveyancing Take?
If you’ve recently been accepted for an offer on an apartment, you’ll be wondering when the conveyancing process can be completed. You’ll likely be thrilled to receive the keys and begin the next chapter in your life and be frustrated with anything that impedes this.
The amount of time it takes to finish the conveyancing procedure is determined by a number of factors, including how complicated the transaction is and how much work has to be done. For a relatively simple transaction, it could take as little as four weeks. However, for a more complex transaction, it could take up to 12 weeks or even longer.
It’s important to bear in mind that there are often delays beyond the control of the conveyancer, such as delays in getting mortgage offers or delays in getting searches back from the local authority.
Factors That Can Affect How Long the Conveyancing Process Takes
There are a number of factors that can affect how long the conveyancing process takes. These include:
The type of property being bought or sold: A simple house sale is likely to take less time than a more complex commercial transaction.
The number of parties involved: The more people involved in the conveyancing, the greater the potential for delays.
The level of communication between the parties: If there are frequent delays in communication, this can lengthen the process.
The number of searches required: If there are a large number of searches required, this can add to the overall time it takes to complete the conveyancing.
The availability of documentation: If any of the required documentation is not readily available, this can cause delays.
The geographical location of the property: Some areas have more complex legal systems than others, which can lengthen the conveyancing process.
The type of mortgage being used: If a specialist mortgage is being used, this can add time to the conveyancing process.
Whether there are any special circumstances (such as a leasehold property): If there are any special circumstances, this can lengthen the process.
What Can You Do To Speed Up The Conveyancing Process?
If you’re keen to get the conveyancing process done as quickly as possible, there are a few things you can do:
Choose a conveyancer who is experienced and efficient: Choosing experienced conveyancing solicitors will help to ensure that the process is carried out as quickly and smoothly as possible. AVRillo is one of the top conveyancing solicitors in the UK and surrounding areas. You can contact them to make property buying easier.
Communicate with your conveyancer: If you keep your conveyancer up to date with all the relevant information, this will help to avoid any delays. If there are any special circumstances that need to be taken into account, make sure to let your conveyancer know as soon as possible.
Provide all required documentation: If you have any relevant documentation, make sure you provide it to your conveyancer as soon as possible. This will help to avoid any delays.
Pay any fees upfront: If your conveyancer requires any fees upfront, make sure you pay them as soon as possible. This will help to ensure that the process continues smoothly.
Cooperate with all the other parties involved: If everyone involved in the conveyancing process works together, it will help to speed things up.
Conveyancing can be a complicated process, but with the help of a good conveyancer it can be completed relatively quickly and without too many delays. It is important to be patient and to allow your conveyancer sufficient time to do their job properly.
If you are in a hurry to complete the process, you may be able to negotiate a shorter timeline with your conveyancer. However, it is important to remember that rushing the process can often lead to mistakes and delays, so it is generally best to allow plenty of time for the conveyancing to be completed correctly.