Buying a home can be a stressful and time-consuming process.
In order to help you further understand the process and the problems that can be encountered throughout, we’ve put together this list of the top reasons for delays in the conveyancing process, along with advice on how to avoid them where possible.
Delays in the Conveyancing Process
The conveyancing process can be held up by many things, and it’s important to note that often these are out of the control of your conveyancer.
Typically, delays in the conveyancing process are caused further down the property chain, usually when waiting for information from other parties involved in the transaction.
- Searches – whilst conveyancers are responsible for numerous searches, they have to coordinate many of these with the relevant local search providers. How quickly the search providers are able to respond can vary dramatically and is outside of your conveyancer’s control.
- Chains – in most cases, buying and selling property is linked to further sales. One transaction is dependent on the other. If one part of the chain runs into complications, this impacts everyone, and delays are incurred throughout the entire chain.
- Property information – planning consent, building management papers, leasehold details, and title deeds are just some of the documents that can be needed before ownership is able to be transferred. The process of obtaining them can all take time.
- Your seller- If your seller has a major change in their circumstances, it could significantly delay your purchase or cause it to fall through entirely. Common reasons for delays and collapses include the seller changing their mind, the seller’s new property falling through, or the seller falling ill, losing their job, or splitting up with a partner.
- Land registry- When you buy a home, the change of ownership must be registered on the Land Registry. This isn’t usually anything to worry about, as you’ll already have secured the property.
- The survey- Getting a house survey is a vital part of the home buying process. In some cases, however, a poor survey report can result in buyers revising their offers downwards or even pulling out of the purchase entirely. If your survey does unveil serious issues, take your time and listen to expert advice before going through with the purchase.
At Aston Bond, we have won several awards for our services and consistently receive excellent feedback from our clients.
To find out more about our conveyancing services, call us now on 01753 486777 or email Kulbir Conner our Residential property solicitor on email@example.com .