Is your conveyancing process taking too long? Often at the beginning of a conveyancing transaction, solicitors are asked how long the process will take until completion. Unfortunately, there are many different factors that can influence the time a transaction can take.
For example, a freehold house purchase where both parties are not relying on the funds for another transaction could take only a few weeks as there are only two parties in the chain.
However, a client could be selling a freehold property and buying a leasehold property. This creates a longer chain and one of the properties is leasehold. There maybe two management companies involved, one collecting ground rent and the other collecting service charge, so two management packs would have to be requested and analysed.
Other factors may include long chains, obtaining a mortgage, the speed of a third party for information, or even relying on the postal system.
With all of this taken into account, your solicitor will do everything they can to speed up the process, without compromising our due diligence and quality of work. If you do have any queries about timescales, the best person to ask is your solicitor as they will know exactly what stage the file has reached in the transaction.