Navigating the conveyancing process is a pivotal step in the journey of buying or selling property. This legal procedure, which transitions property ownership from one party to another, is marked by a series of intricate steps and documentation. But amidst the anticipation of moving into a new home or selling one, a pressing question arises: how quickly can conveyancing be completed?
Unravelling the timeline
The conveyancing timeline is generally understood to span 12-16 weeks from the acceptance of an offer to the final completion. However, the phrase “fast conveyancing” is more than just an aspiration for those eager to hasten the process.
Various factors, including the efficiency of property searches or the revelation of survey issues, can influence the duration of conveyancing, making the prospect of fast conveyancing a variable ambition. Find out more about the timeline involved when buying a house here.
Pacing through the process
Fast conveyancing begins with swift pre-contract work, usually taking around two weeks. This phase, where your conveyancing solicitor collects legal documents and initiates local searches, sets the foundation for the entire process. These searches are ideally completed within 10 days, but can face delays, significantly impacting the conveyancing timeline.
The speed of obtaining a mortgage offer, approximately four weeks, can further dictate the pace. Fast conveyancing therefore relies on both efficient pre-contract work and the timely acquisition of mortgage approval.
For tips on how to speed up the conveyancing process, visit an experienced conveyancer’s website, such as https://www.samconveyancing.co.uk/news/conveyancing/5-top-tips-for-fast-conveyancing-132.
The draft contract and beyond
The creation of the draft contract is potentially the most variable phase and can span 2-10 weeks. Fast conveyancing during this stage depends on the efficient gathering of necessary details and addressing any issues that arise from searches and surveys.
The transition from contract exchange to completion, ideally a swift 1-2 weeks, is the culmination of fast conveyancing efforts. This period is crucial, as it involves finalising financial transactions and setting a definitive move-in date.
Fast conveyancing: A realistic goal?
Achieving fast conveyancing is contingent upon overcoming common delays, such as slow responses to enquiries or issues with property titles. The aspiration for fast conveyancing is not merely about speeding through these stages but ensuring each is completed with diligence and efficiency.
Encouraging swift conveyancing
To encourage fast conveyancing, selecting a conveyancing solicitor with a reputation for efficiency and responsiveness is crucial. Using online case management systems can also contribute to a smoother and faster process.
While fast conveyancing is an achievable goal, it requires a proactive approach, from choosing the right conveyancing partner to preparing for potential hurdles. Understanding the complexities and stages of the process is the first step towards achieving a timely and successful property transaction.
