When moving or selling property it can be difficult to know where to start when it comes to the legal support you need. Thankfully our friendly Conveyancing teams are here to support you with anything you may need.
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It is not possible to be specific as to how quickly the matter will proceed as this is dependent on a number of other factors including the number and complexity of the issues that may arise, and, if there is a chain of linked transactions, the ability of every transaction to be completed on the same date.
By way of general guidance, however, the average property transaction in the UK take between 12 to 24 weeks to complete from the point of making your offer and instructing a Solicitor. Any average is made up of some cases which complete faster than the average, and some take longer. Freehold properties without an extended chain and without any complicating factors are likely to complete
On average in the UK, a freehold property completes in approximately twelve weeks following receipt of the draft contract from the sellers solicitors that we require to proceed, with a leasehold taking approximately 24 weeks to complete.
Any average is comprised of a mixture of some cases completing faster than this, and some cases that are slower. Often, "cash" purchases of a freehold house with no mortgage and with no "chain" of related transactions will complete faster than this average.
Cases containing an extended "chain" of properties (where the seller of your house will not complete until their own purchase is ready, and so on) are more likely to take longer, as are leasehold properties such as flats, where we have to wait for information from external providers such as the leaseholder where delays are outside of our control.
The main steps to be taken in the transaction will be to:
The main steps to be taken in the transaction will be to:
Conveyancing cases instructing through our website are dealt with by Ross Coates. Ross Coates is a long established solicitor in the Ipswich area, with 48 years of experience practicing. Ross's main expertise is with conveyancing and property law. Ross has written a number of books on the law of property and conveyancing practice and was previously a law lecturer and examiner.