The process of selling or buying a new property can be a stressful experience with positives and negatives. The excitement of receiving an offer that is a good fit for the property you currently own and planning your new one can be masked by what many might consider a lengthy and slow process of conveyancing. But it doesn’t have to be any longer! Fast conveyancing doesn’t have to be an impossible dream! We’ve had one of our experienced property lawyers explain his tips of the trade to guarantee a speedy conveyancing procedure from the beginning of your home conveyancing.
What is the reason why a home conveyancing procedure take so time?
There isn’t a single reason for this. Each house conveyancing transaction is unique and has unique circumstances associated with the transaction. The process starts with your conveyancing attorney being appointed to represent the client (either either a seller or buyer) to represent both parties in a transaction for a house conveyancing when an offer is accepted. In the majority of cases, if the transaction was concluded by an estate agent a memorandum of sale is then given out that outlines each party’s solicitor’s contact information as well as the price of the sale or purchase upon which your lawyer will call the otherparty, request the required searches and finish the title discovery phase. What is known as”standard” property transactions is usually completed in just several weeks.
Quick Conveyancing Tip – The time it takes before the transaction will be completed is dependent on the speed at which everyone involved needs completion. This means that if you see your buyer or seller drag their feet, it is likely that regardless of how efficient your conveyancing lawyer for home is, the process will likely to be delayed. Being in touch with all the people you can (within the limits of) will speed up the process without having to take on small issues, which usually only require just one phone call to resolve.
What is the longest-running component of the conveyancing transaction?
In every house conveyancing transaction, the process prior to exchange is the most demanding. This is mostly because both buyers and sellers, waiting for details from third party. If you’re a buyer, you may be waiting for your mortgage lender’s results or results of a property search from your local authority. Likewise, If you are a seller, you may be waiting for title documents, as well as duplicate documents.
Quick Conveyancing tip : Ask both your solicitor and your broker for mortgages to include your signature on every correspondence. This will make sure you’re completely up-to-date regarding how your conveyancing process is progressing, with the added benefit of being able to stop any issues early.
Should you be “Chain Free”?
Chain fee is simply the fact that there are just two people involved in the transaction: the seller and the buyer. Because the transaction isn’t depend on sellers to purchase a home in order to finance the purchase or for sellers to locate an alternative property to purchase the conveyancing of their home is likely to be faster when dealing with this type of transaction.
What can I do to ensure that I will hire fast conveyancing solicitors?
Check that the conveyance you select is endorsed with the Law Society’s “Conveyancing Quality Scheme’. This is the standard used to recognize exceptional conveyancing services and understanding. Our conveyancing solicitors are Lexcel and CQS certified, and property legal experts, giving the highest possibility of a swift conveyancing transaction.
