Monday, January 7, 2013

Conveyancing Advice - Timeframes for Exchange of Contracts

Average Timescales: Industry statistics would suggest that a standard sale or purchase will take between six to twelve weeks to complete. This may, however, vary. A remortgage or transfer of equity transaction should take less time but this is not always the case. Please be aware that where other parties such as mortgage lenders are required to execute documentation, then delays are inevitable in most instances. It is of course possible to complete conveyancing in a shorter timescale. However, all parties must be committed to these timescales, and in working hard to achieve them. Conveyancing solicitors will always do their best to work to your particular deadline but this is dependent on the particular circumstances of the conveyancing transaction and matters which are not in the control of the conveyancer.

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