The average timescale for a conveyancing transaction is between 8 – 12 weeks. Conveyancing for a straightforward sale or purchase can take just 4-6 weeks. A more complicated transaction can take much longer to complete, particularly where there is a chain involved.
Leasehold conveyancing invariably takes much longer as we are dependent on receipt of information from third parties such as management companies and the Freeholder who are currently under no specific time limits to provide the information requested of them.
These timescales are for guidance only as each transaction is different and there are many factors to consider that could delay the process.
We are able to act for both sides of a transaction as long as both parties are in agreement, the parties are not related and provided there is no conflict of interest. Acting for both sides can considerably reduce the timescales in the process as we are not dependent on awaiting replies from other lawyers nor dependent on the postal system. It can be hugely beneficial to the speed of the transaction where the parties are happy for us to act on both sides.
However no conveyancer can accurately give you a timescale for a conveyancing transaction and the above is simply a guide to help you. Each transaction is different and there are many factors to consider that could delay the process.