The majority of client's main concern is how long the conveyancing process will take.
Average Timescales:
Industry statistics would suggest that a standard sale or purchase will take between six to twelve weeks to complete. This may, however, vary.
A remortgage or transfer of equity transaction should take less time but this is not always the case. Please be aware that where other parties such as mortgage lenders are required to execute documentation, then delays are inevitable in most instances.
It is of course possible to complete conveyancing in a shorter timescale. However, all parties must be committed to these timescales, and in working hard to achieve them.
Conveyancing solicitors will always do their best to work to your particular deadline but this is dependent on the particular circumstances of the conveyancing transaction and matters which are not in the control of the conveyancer. Examples are:
1. Waiting for a mortgage offer
2. Waiting for the contract pack and title deeds from the Seller if acting for a buyer; and title deeds from the lender if acting on a sale.
3. Waiting for replies to enquiries from the Sellers solicitors
4. Waiting for replies to enquiries of the Landlord in a leasehold transaction. It is essential that these come from the landlord in order for the client to be able to rely on any representations (such as future levels of Service Charge) made by the landlord. Unfortunately, because it is not the landlord selling, they do not have the same feeling of urgency that the buyer or seller has.
5. Waiting for Conveyancing Searches. The time it takes to obtain a Local Authority Search can vary from council to council.
How can you help to speed things up?
1. Chase your lender regularly to get the mortgage offer issued; make sure that you are able to provide them with the information that they need (id, salary slips, references) as promptly as possible.
2. If you are selling - check that your solicitor has all they need to send out the contract pack- the deeds, copies of any planning consents, guarantees, buildings regulations completions certificates etc.
Chase existing lenders for the title deeds that they hold.
Return your client information form and id as promptly บ้าน มือสอง as possible. Although the conveyancer may be able to proceed some of the way without id, they cannot even begin to act for you without your signed instructions.
3. Replies to Enquiries - Your conveyancer is prohibited from approaching the seller or buyer direct if they are not acting for them. You may be able to chase up replies by contacting the other party (seller or buyer) or the Estate Agent who will chase on your behalf.
4. Leasehold - If you are selling - chase the landlord for the replies to the leasehold enquiries.
Keep regular contact with your conveyance communication by email will help this.
Keeping you Informed:
Are there Ways of Saving Time?
If your conveyancing is of an extremely urgent nature, you should discuss time saving options with your conveyancer who should be able to provide you with the appropriate legal advice if you decide to proceed in this way.
Please note that if additional work is required to achieve your expectations your property lawyer may need to charge you extra conveyancing fees as it may mean staff working longer hours. Your conveyancer should inform you of such increased legal fees and disbursements.
The conveyance will never be in a position to guarantee that your required timescales will be achieved, no matter how much extra work is undertaken. You should advise your conveyancer in writing at the beginning of your sale or purchase if timescales are an issue to you.
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