08 May Quick Conveyancing, a house conveyancing solicitor’s tips of the trade
Selling or purchasing a new property comes with its highs and lows. The excitement of accepting a great offer on your current property and making plans on the new property can quickly be overshadowed by what some would call a slow and laborious process of Conveyancing. Well, it doesn’t need to be anymore! Quick conveyancing need not be a pipe dream anymore! We have had one of our Expert Property Lawyers; outline his tricks of the trade to ensure a quick conveyancing process from the outset of your house conveyancing transaction.
Why does a house conveyancing process take so long?
There is no simple explanation for this. Every house conveyancing transaction has its unique circumstances surrounding it. The process always begins with your conveyancing lawyer, being instructed to represent a client (either a seller or a purchaser) to represent either party in a house conveyancing transaction, once an offer has been accepted. Usually, if the transaction was agreed through an estate agent, a memorandum of the sale will then be issued which outlines either party’s solicitors details together with the sale or purchase price on the back of which, your solicitor will contact the other, commission the appropriate searches and complete the title discovery stage. What is commonly known as a ‘Standard’ property transaction can be completed in a few weeks.
Quick Conveyancing tip – The speed at which the transaction completes depends entirely on how quickly everyone involved requires completion to take place. What this means is that if your seller or buyer drag their heels, chances are, no matter how good your house conveyancing solicitor is, the transaction is bound to slow down. Keeping in touch with everyone as much as you can (within reason) should ensure a speedy process while not having to bog down on minor matters, which in most cases only take one phone call to resolve.
What can be the most time-consuming part of the conveyancing transaction?
In any house conveyancing transaction, the pre-exchange stage is the most time consuming. This is mainly due to both sellers and buyers, awaiting information from third parties. If you are a buyer, you might be awaiting your mortgage lender or property search results from the local authority while if you are the seller, you could be waiting title documents or duplicate documents.
Quick Conveyancing tip – ask both your solicitor and your mortgage broker to copy you into all correspondence. This will ensure you are fully up to date on how your conveyancing transaction is proceeding with the added benefit of you being able to nip any problems in the bud.
Is it better to be ‘Chain Free’?
Chain fee simply means that there are only two parties involved in the transaction; a seller and a buyer. As the transaction does not really on waiting for the buyer to sell their property to fund the purchase or the sellers to find an onward property, the house conveyancing process will naturally be quicker in this type of transaction.
How can I ensure I receive quick conveyancing solicitor?
Make sure that the conveyance you choose is accredited by the Law Society’s ‘Conveyancing Quality Scheme’. This is the benchmark for recognizing exceptional conveyancing service and knowledge. All our conveyancing solicitors are both Lexcel and CQS accredited, property law experts giving you the best possible chance of a quick conveyancing transaction.