How long will it take off the conveyancing if I am in a chain?
How long will it take off the conveyancing if I am in a chain? When you are in a chain of transactions, i.e., you are either buying on or your buyers have a property that they are selling, the exchange can only take place once all parties are ready to go ahead. Your property sale may be ready before the other links in the chain, but no guarantee can be given as to how quickly everyone else will be ready. However, you will have the peace of mind of knowing that your property is ‘move ready’ and that your sale will not have any hiccups or delays.
What is the timescale for buying a property?
What is the timescale for buying a property? Whilst there may be unavoidable delays, we pride ourselves on transaction times that are four times faster than the national average:
Week 1 to 2: Instruct Attwells, pay money on the account, and provide evidence of your cash funds. You should instruct your mortgage valuation and survey.
Week 3: Attwells will undertake searches of the local utilities and authorities. Attwells will receive a draft contract and ownership information from the buyer’s solicitors.
Week 3 to 6: Attwells reviews and approves the contract. We will also review the ownership information and raise enquiries with the seller and receive satisfactory replies. Attwells receives results of all searches of the statutory authorities.
Week 7 to 8: Attwells send reports on the property, contract, and mortgage and obtain confirmation of how you will own the property. Attwells will send you documents to sign and require a 10% deposit to be paid.
Week 9 to 11: The moving date is agreed. All documents and the deposit are received from you. The contract is now exchanged – the purchase is now binding.
Week 12: You now have a guaranteed moving date. You can make arrangements and start packing. You will need to sign the completion documents. You will receive from Attwells a statement as to the money required to complete. This must be transferred in good time for completion.
Please note: Attwells Solicitors have produced this timescale as a guide only. Your transaction may take longer depending on your circumstances. A leasehold may take 4 plus weeks longer.
Move home faster with our 5 top tips
Buying or selling a home is often considered to be stressful for many people, but at Attwells our refreshing, streamlined and transparent approach to conveyancing will take the strain out of the legal side of things…and that’s just the beginning of what we offer our clients. Below we set out the things you can do to move home faster.
How long will it take off the conveyancing if I am in a chain? – Quick completions
When conveyancing is slow, exchange dates often have to be pushed back, resulting in increased costs, anxiety, and inconvenience for both buyers and sellers.
At Attwells, our customer-focused approach is all about getting those keys exchanged without delay and cutting down wait times as much as possible. By making sure your transaction is a priority from the moment you instruct us, we can complete it several times faster than the national average meaning that you can move home faster. That being said, there are also things you can do to ensure that your move is as smooth as possible.
5 ways you can move home faster
1: Get off to a flying start – Using our online conveyancing calculator means that you can get an instant quote 24/7; including a breakdown of costs involved in your purchase or sale, such as legal fees, HMRC stamp duty, and HM land registry fees.
Our fixed fee package comes with no surprises, and in most cases, costs are payable on completion.
2: Order time-consuming items – The earlier you can start to organise paperwork such as a management pack, searches, and redemption calculations the quicker the process will be.
3: Be proactive By staying on top of the process and pre-empting the next stage you can prepare documents and information in advance.
4: Use the telephone and not email – It’s good to talk! And picking up the phone for a conversation is much quicker and more effective than waiting for your email to reach the top of a busy inbox.
5: Communication is key – It’s in your estate agent’s best interest to see your transaction progress. Build relationships with your agent and use them to assist and chase also.
If you follow our tips and ensure that you enlist the best possible legal support, you may be able to move home faster.
You can receive a quote online or you can speak to our enquiries team by calling 01473 229 200 today.