There are a number of time when quick conveyancing is need. One of the main circumstance is when someone is buying a new build property. Nearly all property developers in the UK require the clients to exchange contacts within 28 days of reservation. In order to comply with this you will need a property solicitor that can act quickly. All of our hand-picked conveyancers are licensed and have experience in completing transactions fast.
What Can You do to Ensure Your Sale Goes Smoothly?
It is very difficult to predict how long a conveyancing transaction will complete from the outset. The average sale takes 8 to 12 weeks. However, the process can be fraught with problems and delays, sometimes dragging on for over a year. Unfortunately for sellers, it is typically third parties acting on behalf of the buyer that hold up the conveyancing process. This means that there is often little or nothing that is within your power to do to move things along. The most notorious parties who cause delays are mortgage lenders, management companies and search providers. Whilst this limits what you are able to influence, there are some things that you can do as a seller to make sure you are always ready for the next step and that everything goes as smoothly as possible.
The Buyer Cannot Act Until They Receive The Sale Contract
As the seller, it is your solicitor who is responsible for drawing up the sale contract. The buyer generally cannot proceed with searches or raise enquiries until the contract has been received by their solicitor. Your solicitor will require certain documents from you in order to draw up the contract. When you instruct your solicitor you will be sent a pack that contains the Sellers Property Information Form (SPIF), a sale questionnaire and a fixtures, fittings and contents form. Completing these quickly and returning them along with certified ID and any documents that relate to the property (e.g. planning permissions, title deeds, Energy Performance Certificates etc) will mean that your solicitor will have everything they need to draw up the contract as soon as possible.
Answer Enquiries as Quickly as Possible
Once the sale contract has been received, the buyer’s solicitor will raise enquiries. Some of these will relate to the property and will only be answerable by you, as the seller. Your solicitor should send you a copy of the enquiries and highlight any that you need to answer. The sooner you respond, the quicker things will move. Many sellers think they can take their time over enquiries as there is a lot more work to be done on the buyers part. However, once they have received and viewed the answers, the buyers or their solicitor may wish to raise further enquiries based on the responses. There can be several rounds of enquiries raised, so it is always best to make sure you answer as fully and as swiftly as possible.
Selling a Leasehold Property
Sales of leasehold properties are always more complex that those of freehold properties. Along with the contract, your solicitor will need to provide a leasehold information pack to the buyer’s solicitor. This information pack will need to be provided by the management company or freeholder and it can often be a lengthy procedure to secure one. It is a good idea to pay for this pack to be provided as soon as your property goes on the market, before you find a seller. This way, you are likely to have it ready to hand when it is needed. It could easily save you a couple of weeks waiting. This will enable quick conveyancing to take place and make the transaction run smoothly.