Emma Selfridge Lawyer
Apr 22 min
Updated: 2 days ago
During, and directly after Covid, the timescale to completion rose to 10 months. It is now anywhere from 3 to 5 months.
CONVEYANCING is a legal process. It is NOT instant. This is not an Amazon purchase. Agreeing or wanting completion dates that disregard the legal process will lead to frustration.
Obtaining Valuations, Surveys, Searches and Mortgages take time. Checking the title, negotiating with the other side and resolving enquiries takes time. There is usually a chain involved and all parties need to be ready. It is what it is.
Conveyancers want to progress your file and achieve completion. However, we must also ensure that both you, and your lender, are protected on the eventual re-sale or re-mortgage. We would be negligent to do otherwise. That is why you instruct us.
We can only sign off, certify and request your mortgage advance, when satisfied that title is sound and that there will be no issues or loss of property value following completion. This is to protect you and the lender as the property forms their security.
Even on a cash buy we must perform all due-diligence to ensure you are protected. You won’t be happy on re-sale if your property has legal defects you need to pay to resolve.
This is the MOST EXPENSIVE purchase of your LIFE. Would you prefer it was done QUICKLY or PROPERLY?
Conveyancers need time, and the opportunity to do their jobs. They are doing their best to help you under exceptionally difficult circumstances.
NB: LACK OF EXPERTISE IN THE INDUSTRY
There is now a mass shortage of Conveyancers in the industry. Many left due to the stress of the last few years. The rest of us are holding the fort.
Please be kind and remember that we keep the country moving and it is exhausting.
Completions Post Covid
https://www.todaysconveyancer.co.uk/main-news/average-time-to-sell-climbs-around-10-months/
Completions Now - October 2022