Step-by-Step Process Conveyancing Timeline

 Step-By-Step Process Conveyancing Solicitors Timeline 

If you are moving house or remortgaging UK property then you will need to understand your step-by-step process conveyancing timeline. It all starts when you instruct a Conveyancing Solicitor to manage your property transaction. To do just that you can visit the Homebuyer Conveyancing comparison website when you can compare direct High Street Solicitor pricing without entering your personal details. 

The Homebuyer Conveyancing website goes one step further as all purchase quotes include a search pledge. A pledge whereby you can get another set of property searches for Free should you need to pull out of your current transaction through no fault of your own. Make progress fast using the step-by-step process delivered from High Street Solicitors that provide best value conveyancing. 

Homebuyer provides your Step-By-Step process delivery of many conveyancing quotes that are specific to your property deal without the hassle of unwanted calls or emails. Be in the know when it comes to the cost of conveyancing. Your step-by-step process conveyancing that makes sense.

Step-by-Step Process Conveyancing Timeline Detailed Below

1) Choosing a Solicitor - Homebuyer Conveyancing Choices

Go online by using the Homebuyer Conveyancing website to compare Lender approved Conveyancers by price and by location. Take a quote away and schedule a call back. Discuss your quote and if happy instruct the Solicitor. On instruction the Solicitor will send out a Client Care Pack. Complete and send back the documents and on receipt your conveyance can begin. This part of the process is down to you. So be prompt when instructing a Solicitor. Shortest time frame is really 3 days.

2) Contracts Deeds and Mortgage - Choose a Mortgage Lender approved Conveyancer

The Solicitor receives the sale contract if you are buying a property. This can be done within 7 days if the Seller is keen to move. So apply pressure and make sure your Solicitor contact details are correct. Worst case is that Seller just doesn't get this sorted and all parties stall.

3) Search and Enquiries - Solicitor carries out due diligence on your Property

Faster searches can be used if a local authority has a backlog but in reality this should be done within 2 weeks of instruction. Many Buyers wait for the survey results. You have the search pledge and you don't have to wait. If you did wait then the Survey could take a month to be sorted with a report back to you.

4) Exchange of Contracts - Move forward with full knowledge that the deal is binding

Once the legal preparation and searches are sorted then both parties can agree to move to Exchange of contracts. Property Investors are on the ball and they aim to get to exchange within 4 weeks and a completion within 6 weeks. Anything more and they get worried that the deal will fail. 

5) Completion  - Agree a Completion date

New build is taking just 6 weeks if build complete

Remortgage can be done in 4 weeks

Residential sale and purchase is taking 5 - 6 months as so many people are caught up with delays due to the Survey, Mortgage offer and poor conveyancing process. 

The Step-by-step process conveyancing timeline to go fo is as follows :-

1) Choose a solicitor and return documents                  = 2 weeks

2) Sale Contract received                                              = 2 weeks

3) Search and enquiries                                                 = 3 weeks

4) Exchange of contracts                                               = 2 weeks

5) Completion                                                                = 3 weeks

                                                              

                                                                  Total              = 12 weeks = 3 months

If you follow a step-by-step process for conveyancing then you should be able to understand where the conveyancing delays occur. Be in the driving seat and get moving with a view to completion being achieved in less than 3 months. Discuss with your Solicitor why the delays and take action. Delays will cost mortgage offers which in many cases remove the ability to move house as the new mortgage rate is prohibitive.