How Long Does Conveyancing In Peterborough Take?

If you are buying or selling a home in Peterborough, you may be wondering how long conveyancing takes. In which case, you have come to the right place. In this blog post our conveyancing solicitors share the answer to how long conveyancing takes in Peterborough. We share the average timelines of the conveyancing process, what can speed it up and what can slow it down.

Remember – every house buying and selling process is different. This is a rough guideline to how long conveyancing in Peterborough can take for your home.

As a general rule of thumb conveyancing typically takes 12 to 16 weeks. However, it can range from 2 to 3 months, right up to more than 6 months. That’s what we look at in this blog post, so you have an idea of what to expect when buying or selling your home.

The Average Timelines for Conveyancing

If it is a smooth transaction and there is no chain in place, your transaction could take around 8 to 12 weeks, or 2 to 3 months. However, if it is a typical freehold transaction, it could take 12 – 16 weeks on average. When purchasing a freehold property, the transaction process can take longer. You could expect 14 to 18 weeks, or more. This is due to the extra involvement of the freeholder.

What Can Speed Up the Conveyancing Process?

If there is no property chain, meaning that the buyer or seller is not buying or selling another property, this can make the process quicker. If the buyer is a cash buyer, this will also speed up the process. This is because there will be no delays with a mortgage lender. Choosing efficient conveyancers, like the team here at Burgh Thorpe Solicitors, will ensure quick responses and positive communication. This will result in a smoother-running, reduced stress and quicker transaction process.

What Can Slow Down the Conveyancing Process?

If there are long chains, meaning that people buying or selling the home have others selling or buying their home, this can slow down the process. A delay in one part of the chain can negatively affect the whole chain of house buyers and sellers. If there are slow mortgage offers of slow processing of the mortgage, this can slow down the conveyancing process too.

There can be delays with the local authority searches too. This is down to slow processing by the local council. This is where a local conveyancer can help speed up the process as they have worked with that council before. If structural issues or major repairs are highlighted during the survey, this can slow down the transaction too. In some cases, there are complex leasehold agreements, missing permissions or probate sales that can slow down the transaction. Slow replies and responses from the buyer or seller can slow down the process too.

It may feel like asking how long conveyancing in Peterborough takes is like asking how long a piece of string is. However, when you work with our local conveyancers, we will keep you updated every step of the way. There may be things outside of our control that hold up the process, but we will always let you know what is happening.