The time taken to complete the conveyancing process for a purchase varies greatly and is largely dependant on the circumstances of the chain you’re involved in. For example, if you’re in a small chain with two or three properties being sold, you can probably expect for the conveyancing process to take between 8-12 weeks, depending on the specific circumstances. However, the greater the chain is, the greater the number of people involved that the chain relies on, which can, in turn, increase the probability of delays occurring. There are however ways that you can help to keep what can often be a complicated process as efficient as possible.
Why do I need to commit to a conveyancer so early?
In order to be able to provide you with the assurances around the sale of your home and be as transparent as possible, our service states upfront that conveyancing is included. In any case, it is always best to start to build a relationship with your conveyancer early, to avoid any delays further down the line when you come to accept an offer. This is part of how we can assure that you will reach completion as quickly as possible.
So what is the conveyancer going to do in the early stages before I’ve accepted an offer?
In order to begin work on the transfer of a property, conveyancers will begin early to collect information on your home, open communication channels with you and start to build your case file.
Who is the conveyancer, are they part of Settled?
The conveyancer that is included as part of our service is Convey Law, who is a long-standing partner of Settled’s and, in collaboration with us, have achieved 100% completion to date on the cases where both buyer and seller use their services. They are highly awarded and widely recognised as a market-leading conveyancer, who operate similarly to us online, but provide you with a dedicated conveyancer who will be with you all along. They have the processes and tools in place to be able to operate as quickly as possible.
Consider the position of others in the chain
When it comes to making an offer on a home, make sure that you understand the position of the vendor. It’s not worth aiming to offer and complete on a property within two months if the property owner has not yet found somewhere to move to, which you’ll probably have realised by now can be a long process, and there’s no guaranteeing that the property your vendor buys will be the end of the chain.
Set your goal for completion early
We always recommend stating to your solicitors and agents when you’re hoping to complete by as early as possible so that this can be fed through to the rest of the chain and everybody can confirm that they’re happy with the goal date that has been suggested. Otherwise, you may find that all the solicitors reach a point where they’re ready to exchange, but one vendor is away on holiday, and so completion has to be delayed.
Make the survey your priority
The results of the property survey are what tends to cause issues, so rather than waiting until further along the conveyancing process to have it arranged, and then finding out that there’s an issue that halts the purchase altogether thus leaving you back at square one with a lot of time wasted, make sure to prioritise the survey being done prior to the rest of the conveyancing work.
Various property searches will have to be ordered and reviewed by your solicitors to ensure that there are no additional factors that you should be made aware of. In general these only take 1-2 weeks to be returned by the various authorities involved, however, they can sometimes take up to six weeks to be actioned and returned. In cases such as these, it’s worth being aware that for the local authority search you are able to go to your local council and request the searches yourself as they are a matter of public record. You may often be charged for this, however, it will save time waiting for the council to get to it themselves and send them through to your solicitors.
Ask for regular updates
It’s worth giving your solicitor and agents a call once a week, just so you can keep track of the progress being made. That way, if any issues do arise you will be aware of them, and better placed to resolve them quickly so no time is wasted.