The process of selling or buying a new property can be a stressful experience with both highs as well as lows. The excitement of receiving an offer that is a good fit for your current home and preparing plans for the new property could be masked by what many may 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 our experienced property lawyers explain his tips of the trade that will ensure a swift conveyancing procedure from the beginning of your house conveyancing.
What is the reason why a home conveyancing procedure take so time?
There isn’t a single reason for this. Every home conveyancing transaction has unique circumstances associated with the transaction. The process begins with your conveyancing lawyer 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 negotiated by an estate agent a memorandum of sale will be given out that outlines each party’s solicitor’s contact information as well as the purchase or sale price upon which the solicitor will then contact the otherparty, request the necessary searches and then complete the title discovery process. The most commonly used term is”standard” property transactions can be completed within only a few weeks.
Quick Conveyancing tip : The time it takes before the transaction will be completed is dependent on how fast everyone involved needs completion. This means that if the buyer or seller are slow on their feet, then regardless of how skilled your conveyancing lawyer for home is, the process is likely to slow. Being in touch with all parties as often as you can (within the bounds of) will ensure a quick procedure without having to take on small issues, which typically only require just one phone call to resolve.
What is the longest-running element of the conveyancing process?
In every home conveyancing process, the stage prior to exchange is the longest-running. This is due to buyers and sellers waiting for the information of third-party sources. If you’re a buyer, you could be waiting for your mortgage lender’s or the results of your property search from your local authority. Likewise, If you are a seller, you might 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 name on every correspondence. This will ensure that you are current regarding how your conveyancing process is progressing, with the added benefit of being able to spot any issues early.
Do you prefer to be “Chain Free”?
Chain fee is simply the fact that there are just two people involved in the transaction, namely the seller and the buyer. Since the transaction is not depend on buyers to offer their home to finance the purchase, or for sellers to locate an alternative property to purchase the conveyancing of their home is likely to be faster for this kind of transaction.
What can I do to ensure that I get a speedy conveyancing solicitors?
Be sure the conveyancer you choose to use is recognized through the Law Society’s “Conveyancing Quality Scheme’. This is the standard used to determine the highest quality of conveyancing service and expertise. Our conveyancing solicitors are Lexcel and CQS certified, and property legal experts, giving you the best possibility of a swift conveyancing transaction.
© Jenson Racing Archives
- February 19, 2025 11:53 am