If you are buying a house in the UK for the first time, you are probably wandering just how long the process will take.
The conveyancing process when moving house includes every step involved in legally transferring home ownership from the seller to yourself. This process begins when an offer is accepted and concludes when the keys are eventually handed over to you.
As this is a process that includes many steps, how long it takes varies and is dependant on everything running smoothly. Therefore, it is a good idea to have some idea of how long the conveyancing process could take before embarking on buying a house.
Conveyancing process step by step
There are many steps involved in conveyancing, they include:
Finding a conveyancing solicitor –
Before the conyeancing process begins, you need to find a conveyancing solicitor who can guide you through the process and ensure that everything is done correctly. Traditionally conyeancing would have been expensive, however online conveyancing makes the process makes cheaper and more convenient. My Conveyancing Specialist offer a great online conveyancing service, working with conveyancing solicitors across the UK to offer you local experts in your area.
Providing your conveyancing solicitor with information –
To begin with, your solicitor will need some information from you in order to get started. This includes the purchase price of the property, the name and address of the seller and mortgage lender (if applicable) and the contact details of any estate agents involved.
Conveyancing searches and legal work –
Your conveyancing solicitor will then order searches on the property. These are enquiries carried out into the title of the property, planning history and any other relevant information which could affect your purchase.
The solicitor will also begin to carry out the legal work required to transfer the property into your name. This includes preparing the contract, drawing up transfer deeds and liaising with the mortgage lender.
Securing your mortgage and house survey –
Once the conveyancer has conducted researches into the property, you, as the buyer, will apply for a mortgage. This can be done through the conveyancing solicitor. If you are buying a property with a mortgage, the lender will usually want to carry out a survey of the property to check it is worth lending money against.
Signing the contract –
Once your conveyancing solicitor has received all of the paperwork from the sellers solicitors, they will arrange to go through it all with you and sign the contract.
Exchange of contracts –
Once your and the seller’s solicitors are satisfied that everything is in order, they will arrange an exchange of contracts. At this point, the moving date will be added to the contract. Once the contract is signed, it is exchanged with the seller and becomes legally binding.
The final step in the conveyancing process is completion. This is when you take possession of the property and the keys are handed over to you. The process usually takes place at a solicitor’s office, but can also take place at the property itself.
So, how long does the conveyancing process actually take?
This really depends on a number of factors, such as how smoothly everything goes and how quickly you can secure your mortgage. However, as a general guide it should take between 8-12 weeks.
Some factors that will affect how long the conveyancing process takes include:
- How proactive other parties in the chain are
- How long the chain is
- How quickly you respond to your conveyancer
- How quickly you fill out and send back paper work to your conveyancer
- How quickly your mortgage valuation is completed and your application is approved
- If the process is interrupted by people going away on holiday
Conveyancing does not need to be over complicated and is a relatively fast process if things go smoothly.
How to speed up the conveyancing process
The most important step in making sure the conveyancing process is as quick as possible, is to choose your conveyancer as soon as you can.
Once you have chosen your conveyancer, it is crucial that your respond to their questions and send all paper works and documents as quickly as possible.
If you are buying a property with a mortgage, try to apply for it as soon as possible. The lender will usually want to carry out a survey of the property to check it is worth lending money against.
If there are any problems with the property title, or if you have any other questions, get in touch with your conveyancer as soon as possible. They will be more than happy to help you out and answer any questions you may have. It’s much better to let your conveyancer know as soon as you have an issues so that they can be solved as quickly as possible.
The conveyancing process
The conveyancing process can seem daunting, but it does not need to be over complicated. By following these simple tips, you can make sure that the process goes as smoothly as possible and that you take possession of your new property as quickly as possible.
Using an expert conveyancer is crucial to the success of the process. Your conveyancer will keep you up to date on what is happening and make sure that everything goes as smoothly as possible.