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Is It Possible To Fast Track Your Conveyancing?

Posted in Tips & Guides on by

Conveyancing refers to the legal process undertaken which transfers ownership of a property from one person to another, and the time that it takes to do this is influenced by a number of factors.

We're often asked how long the process takes and whether it can be sped up, so in this article we highlight some of the factors that influence the process, the most common delays you might face and how you can seek to speed everything up so you can move home faster.

How to move home faster

Perhaps you have a tight deadline and need to complete as quickly as possible, or maybe you just want to get out of an unsuitable property or area and get on with living life as fast as you can.

Whatever your motivation for wanting to speed up the conveyancing process, it's good to understand what delays you are most likely to encounter along the way so you can potentially avoid them.

How Long Does Conveyancing Take?

Conveyancing for the purchase of a property will generally take from 10 to 12 weeks. however, in some cases it can be quicker, whilst in others, it can take significantly longer.

Some of the instances that can result in a delay to completion of the conveyancing process include;

  • Delays or problems with obtaining a formal mortgage offer
  • Large chains and issues or delays happening further along the chain
  • Missing documentation such as deeds
  • Delays in the clearing of funds
  • The purchase of a new-build property that isn't ready to move into yet
  • Problems revealed following surveys
  • Local authority property search delays

You might be thinking that a 10 to 12 week timeline sounds a bit vague, but it's almost impossible to predict how long the process will definitively take from the outset for any individual client.

There are so many variables that come into play that even the most efficient conveyancer can't say with certainty how long the process will take, hence the general 10-12 weeks estimate which generally serves as a good guideline.

What Does A Conveyancer Do?

Your conveyancing solicitor will be able to fulfil a range of duties for you, which includes;

  • Obtaining the mortgage offer for the buyer
  • Requesting the payment of the mortgage advance from the buyer’s lender
  • Conducting local authority searches about a property and its surrounding area
  • Obtaining a contract pack from the seller’s solicitor/conveyancer
  • Swapping signed contracts with the seller’s solicitor/conveyancer
  • Arranging potential completion dates with both parties
  • Transfer of the deposit to the seller’s solicitor/conveyancer
  • Transfer of the balance of the purchase price to the seller’s solicitor/conveyancer
  • Transfer of the signed transfer deeds to the seller’s conveyancer
  • Dealing with HM Revenue & Customs to pay Stamp Duty Land Tax
  • Dealing with Land Registry and the transfer of ownership
  • Preparation and the forwarding of the completion statement and transfer deeds

Find out more about the conveyancing process here.

Is It Possible To Fast Track Your Conveyancing?

To complete the conveyancing process there are many steps that need to be completed, many of which are dependent on the previous step being completed in a timely manner.

A delay in one area can quickly have a knock-on effect, however, there are some things you can do to help speed up the process and it is entirely possible to fast track the conveyancing process.

These tips can help you get through the conveyancing process faster;

  • Stay in regular contact with your agent and your buyer/seller to ensure no small issues pop up to delay the process
  • You could consider asking your lender to provide you with a full home buyer's survey instead of a valuation report which can save both time and money
  • Favouring a buyer/seller with no chain can help speed up the process
  • Look for firms that hold a CQS (Conveyancing Quality Scheme) certificate as this indicates exceptional service, which is likely to be speedy and efficient
  • Use an online-only conveyancing service

To find out more about conveyancing, you can take a look at our conveyancing FAQs, alternatively, get a quote for our online conveyancing services.

 

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