Property Conveyancing Solicitor Victoria Leech discusses the Conveyancing process, property searches and how long Conveyancing takes.
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Victoria Leech, Property Conveyancer: “Conveyancing is the word we use to describe the legal process and legal work behind transferring a property’s title from one person to another. It can also involve granting of a mortgage or a re-mortgage and various other aspects of transferring and dealing with property. The most common form of it to everybody is buying and selling of your own home.
The Co-op will investigate the title, they will request all the required searches for someone who’s looking at buying a property to see what’s going to affect how they own it. So the local authority searches, the water and drainage searches – everything and anything that will affect how you live in that property and how you own it.
Conveyancing usually takes eight to 12 weeks. However, there are things that can affect that timeline. If, for example, you’re in a long chain, so there’s a lot of buyers and sellers in that chain, everybody’s got to get all their ducks in a row, if you like, in order to get to that completion date, and that does take some time to work out and bring together. If you have lenders on mortgages, you have to make sure your customer can comply with their requirements in order to proceed with the transaction.
If it’s a short chain, so if you’ve only got one buyer and one seller, it’s a cash buyer, and there’s no lenders or mortgages involved, then that can move pretty quickly.
It’s up to the buyer whether they want to proceed without searches. So they don’t have to do it, but they’re putting themselves at risk by not knowing everything about that property that they could potentially know. So you could refuse to issue a request for searches, have the cash ready and it would move pretty quickly provided the seller can leave the property quickly.
I think where most people start looking for a Conveyancer that they do look at the price first. However, I think they should consider whether a firm is reputable and established like the Co-op, who is also ethical and has very high standards in customer care.”