How Long Does Conveyancing Take?
It’s impossible to go through the property-buying process without conveyancing. Going through the conveyancing process is the journey of legally transferring ownership of a property from one person to another. It can be difficult to understand what you need to do when you buy a property, which is why Bell Lamb & Joynson are here to help.
The process of purchasing a property should be done with legal aid in hand. Conveyancing starts as soon as an offer is made on a property, which is the perfect time to have a professional expert from Bell Lamb & Joynson come to help you. Regardless of where you’re starting your property hunt, whether it be in London or Liverpool, having a conveyancer is a must.
If you’re just starting on your journey to find your dream property and want to gain more information about conveyancing and how long conveyancing takes, continue reading.
The Conveyancing Process Explained
Conveyancing is when qualified conveyancers carry out the process of property-buying, which can include providing crucial information to do with finances and identification. A conveyancing solicitor has everything done by a specific completion date for their client, making the property journey as smooth as possible.
Going through the conveyancing process means that you legally own the property that you’re purchasing. At Bell Lamb & Joynson, we have dedicated solicitors that look after customers who are embarking on the property ladder.
Professional conveyancers know the relevant people to reach out to, which makes hiring one a lot easier than doing DIY conveyancing yourself. Knowing when to exchange contracts and what date to have everything finalised by can be an added stress to worry about whilst you’re buying a property, which is why our experienced team are here to help.
Stages of Conveyancing
There are different stages of conveyancing. Buying a property is never easy, and isn’t a process to be rushed. Anything to do with making a big financial decision should be done with experts at hand. If you’d like to learn more about the stages of conveyancing, read on.
Stage One - Pre-Contract Work
Appointing a solicitor should be done as soon as possible to ensure that you can have one to represent you during the conveyancing process. Looking through documents and making sure you’ve got everything in order can take up time, which gives you even more reason to hire an expert solicitor through Bell Lamb & Joynson.
Conveyancers will speak with the seller's solicitor, providing all the relevant information they might need. Local conveyancing searches can begin once the solicitors have received your documents - this usually takes around 14-28 days.
Whilst searches are commencing, a survey should be conducted by you or your Lender. Completing a survey helps give an independent report on how you want the condition of your home to be.
Stage Two - Mortgage Offers
Before you consider making an offer on a property, you should have hopefully had a Mortgage Agreement in Principle in place - this is something you can discuss prior with our team if you’re unsure of what it is. If you’re lucky enough to have your offer accepted, your mortgage lender will spend time turning it into a definitive offer.
Stage Three - Contract
Conveyancers should take time to review contracts and supporting documentation whilst your lender is busy working on your application. Exchanging contracts should typically take around 8 to 12 weeks, but this process can often have a delay.
This part of the conveyancing process is when all the information you’ve given gets compiled. The information must be collected by numerous people involved in the process, including the Land Registry, the seller of the property you’re buying and the seller’s conveyancer.
Stage Four - Contracts to Completion
The longest part of conveyancing is where the contracts that are required need to be reviewed. This period is when third parties get involved - this is something your conveyancer has little control over, it’s just a process that needs to take place regardless of how long it takes.
There’s no such thing as a quick house sale, it’s necessary to take the right steps with a reliable conveyancer on your side. Once your mortgage offer is in place and searches have been carried out successfully, then you’ll be able to exchange contracts.
On the day of completion, you’ll be given the keys to your property and conveyancing solicitors on both sides will work together collaboratively to organise funds to be transferred. The next step of the conveyancing journey is to enjoy your new home - it can be a lengthy process, but with the right help, it will be worth it in the end.
Conveyancing at Bell Lamb & Joynson
Bell Lamb & Joynson is a well-respected solicitor’s firm with over 200 years of experience under our belts. Our expert team work hard to achieve great results for our clients, making sure they put theirs all into providing the services we offer.
As well as offering conveyancing services, we also deal with wills and probate, negligence claims, personal injury claims (accident claims) and family law, including divorce and separation to name a few. We represent our clients in court hearings, acting as support guides throughout.
When you compare Bell Lamb & Joynson to other solicitor firms, it’s clear to see that our extensive knowledge has allowed us to become one of the best companies out there today. Based in the UK, we have been helping many people from across the country since 1821.
We look forward to welcoming new clients and helping them on their journey of finding their dream property. With excellent service ratings and customer feedback, it’s understandable why people continue to come back and put their trust in our team.
To find out more information or to get a quote regarding our conveyancing services and how they could help you, please feel free to reach out by calling us on 03444 124348.