Can Conveyancing be Done Quickly?
When you buy a house or flat you will need to go through the legal process called Conveyancing. Conveyancing is a necessary process because it involves the legal transfer of home ownership from the seller to the buyer. It is completely separate from having a house survey undertaken and applying for a mortgage.
Can conveyancing be done quickly?
If you appoint a conveyancing solicitor then the conveyancing process should run smoothly and be completed as quickly as possible.
We recommend that homebuyers do not try and save money on conveyancing by seeking low cost conveyancing providers, often referred to as ‘conveyancing factories’, or even trying to do the conveyancing themselves. This can be a false saving. Low cost providers often use a team of inexperienced and sometimes unqualified staff which can lead to mistakes and delays in the conveyancing process.
Although a conveyancing solicitor may appear more expensive they will be fully qualified and experienced. You will have a named individual handling your purchase who will give you a personalised service which in the end will minimise the time the conveyancing process takes.
Some parts of the conveyancing process are out of the control of your solicitor and it is worth knowing about these so that you can discuss them with your solicitor and agree how to minimise the risk of delay.
Your solicitor will go through the contract and will seek clarification and request additional details from the seller’s solicitor until you are both happy with everything. If the seller’s solicitor is slow to respond to questions this will delay the process.
As part of the conveyancing process your solicitor will make enquiries about the property you are buying, known as‘searches’, with organisations such as the local authority and local water board to find out whether there are any planned developments that may affect the property, whether the property might be at risk of flooding, to check the location of water mains and sewers, the presence of any contaminated land etc. The time it takes for these searches to be returned can vary substantially depending on where you are buying your house, but your solicitor should be able to tell you how long, on average, they will take as they will be dealing with the same organisations for other clients.
Once you and the seller are happy with the contract it is signed and then ‘exchanged’.
Completion, when the purchase/sale is finalised, normally takes place shortly after the exchange of contracts, typically within 7 to 28 days. The time lapse is often dictated by how long the mortgage lender needs to transfer the funds to your solicitor, your mortgage lender or your solicitor will be able to tell you how long this will take. The seller’s personal circumstances can also delay completion and so it is worth discussing with the seller their completion requirements at the start of the process.
So conveyancing can be done quickly if you appoint a specialist solicitor who will make the process run smoothly and help you identify and minimise the risk of delays in the process.
If you would like help with your house move contact one of our conveyancing solicitors.
Uxbridge (01895 256151), Ruislip (01895 636037), Greenford (020 8578 6936) or email firstname.lastname@example.org.