How Long Does Conveyancing Take With No Chain?
Buying or selling a home is an exciting yet often stressful process so understandably, buyers and sellers are eager to know: how long does conveyancing take with no chain?
One of the key steps is conveyancing – the legal transfer of property ownership from seller to buyer.
Conveyancing involves extensive administrative tasks like conducting searches, exchanging contracts, and transferring funds. When there is a chain, conveyancing can drag on for many months. But when does it speed up? And what’s a typical timeframe for no chain conveyancing?
This guide examines conveyancing stages, factors affecting timescales, and how to expedite the process when buying or selling a no chain property.
Whether you’re an impatient buyer, an anxious seller or just conveyancing-curious, read on for an in-depth look at timescales and tips to smoothly progress your no chain transaction.
What is Conveyancing?
Before diving into timescales, it helps to understand what conveyancing involves.
Conveyancing is the legal process of transferring ownership of a property from seller to buyer. It encompasses all the administrative tasks required to legally change the title deeds of a property.
The key elements of conveyancing include:
- Carrying out searches and checks on the property
- Drafting the contract and transfer deed
- Exchanging contracts between buyer and seller
- Transferring funds and completing the sale
- Registering the buyer as the new legal owner
Conveyancing is an essential part of buying or selling a home. It provides proof of legal ownership and ensures all necessary legal steps are followed.
Solicitors or licensed conveyancers typically handle conveyancing transactions on behalf of buyers and sellers. The conveyancing process moves in tandem with related tasks like mortgage applications and property surveys.
Now that we’ve defined conveyancing, let’s look at what property chains are and how they can impact timescales.
“We recently used AVRillo for our house sale and purchase and Kayleigh was absolutely brilliant. Kayleigh always responded very quickly to any questions, big or small, and always had a reassuring solution for any issues that arose, nothing was too much trouble. We were so impressed and grateful for Kayleigh’s advice, support and hard work, she is truly a credit to AVRillo. Wouldn’t hesitate to recommend.” – DP, a satisfied AVRillo client.
What is a Property Chain?
A property chain refers to a series of property sales that are interconnected or dependent on one another.
- Person A is selling to Person B
- Person B is selling to Person C
- Person C is selling to Person D
This creates a chain of 4 properties connected together in a sequence of sales.
The chain starts with the seller of the first property and ends with the buyer of the last property. Everyone in between is both selling and buying a property simultaneously.
Chains can be short with just 2 or 3 properties, or very long chains stretching to 10 or more properties. The more links in the chain, the more potential for delays.
If any link in the chain breaks by a sale falling through, it affects the entire sequence. This risk means chains can slow down conveyancing substantially.
Let’s examine why chains create so many delays next.
Why Do Property Chains Delay Conveyancing?
Property chains create interdependencies that can drag out the conveyancing process significantly.
In a chain, no one can complete their sale or purchase until the entire sequence of transactions is ready to exchange contracts simultaneously.
If one link in the chain is not ready to proceed, it holds up all the other sales. Common issues that cause chains to falter include:
- One buyer’s mortgage falling through
- A property survey revealing problems
- Someone changing their mind or getting cold feet
- Delays from a party’s solicitors or conveyancers
The more parties involved in a chain, the more potential issues can arise to delay transactions.
Even just one problem can bring the entire chain to a grinding halt. Conveyancing simply cannot complete until the whole chain is ready.
This means chains can stretch conveyancing timescales from a typical 2-3 months to 6 months or longer in some cases.
Now let’s look at how removing the chain can help accelerate the process.
“Nathan and his team at AVRIllo definitely pulled out all the stops to make our incredibly stressful situation and sale go through as quickly as possible. Always professional through out and quick to get things done when we needed them. Strongly recommend!” – Vicky, a satisfied AVRillo client.
How Does Having No Chain Speed Up Conveyancing?
When there is no chain involved, it removes the key factor that causes most conveyancing delays and frustrations.
With no chain, the sale is an isolated transaction that does not rely on any other property sales. This straightforward, linear process avoids the interdependencies that chains create.
No chain conveyancing means:
- No waiting on other buyers or sellers in a sequence
- Eliminates risk of a broken chain derailing completion
- Less parties involved simplifies and accelerates the process
- Conveyancing can proceed at its own pace rather than being tied to a chain
While other factors like mortgage applications and local authority searches can still cause some delays, removing the chain obstacle streamlines the conveyancing workload tremendously.
This allows conveyancers to focus on and complete the transaction much quicker. Chains add an average of 2-4 months, so no chains substantially speed up conveyancing.
Let’s look at typical conveyancing stages and timescales with no chain next.
Typical Conveyancing Stages With No Chain
While each conveyancing transaction is unique, the key stages tend to follow a standard progression with predictable timescales when there is no chain involved:
Searches and Checks – 2 weeks
- Conveyancer runs searches on the property
- Checks local authority planning information
- Reviews title deeds and lease terms
Mortgage Offer – 2-4 weeks
- Buyer secures mortgage offer if purchasing with finance
- Lender undertakes property valuations and credit checks
Exchange Contracts – 2 weeks
- Conveyancer prepares contract and transfer deed
- Contracts formalising sale sent to both parties
- Buyer and seller agree contract terms and exchange
Completion – 1 week
- Final funds are transferred and payment cleared
- Keys handed over to buyer on completion date
- Buyer legally owns the property
Registration – 2-4 weeks
- Conveyancer registers buyer as new owner with Land Registry
- Title deeds updated with buyer’s name
With no hold ups from a chain, conveyancing for a straightforward property transaction typically takes 8-12 weeks from start to finish.
Now let’s look at factors that can influence these timescales.
|Searches and Checks
“Successfully secured our first property purchase and big thank you to AVRillo Gamze and team for efficiently handling the process. The online portal shows the progress of every stage, correspondence and on scheduling every call appt, Gamze as always was very helpful in clearing our concerns. Thank you again.” – Jolova, a satisfied AVRillo client.
Factors That Influence Conveyancing Timescales
While removing property chains accelerates conveyancing, several other factors can cause delays and variability in timescales:
Buyer’s Mortgage Application
- Getting an mortgage offer can take weeks or months
- Delays if lender needs more documents or valuation throws up problems
- Slow response to enquiries from conveyancer
- Delays providing paperwork like title deeds, leases, planning docs
- Varies based on staffing levels and queues of existing work
- Peak periods like spring see delays as conveyancers are busiest
Local Authority Searches
- Council search response times range from days to months
- Backlogs or under-resourcing cause delays
- Leasehold properties often take longer due to lease checks
- New builds have longer registration times of 4-6 weeks
Time of Year
- Conveyancing slows in peak seasons like spring and summer
- Transactions quicker in winter when fewer properties are moving
Understanding these variables makes it easier to anticipate and plan for timescales.
|Factors Influencing Conveyancing Timescales
|Impact on Timescale
|Buyer’s Mortgage Application
|Weeks to Months
|Local Authority Searches
|Days to Months
|Time of Year
Let’s look next at when to instruct a conveyancer when buying or selling no chain property.
When to Instruct a Conveyancer With No Chain
When buying or selling a property with no chain, it’s recommended to instruct a conveyancer early in the process.
- Instruct conveyancer as soon as you begin marketing your property
- Gives them time to review paperwork and anticipate any issues
- Avoids delays responding to buyer’s conveyancer later
- Appoint conveyancer when offer is accepted on a property
- Quickly progress searches, mortgage apps, enquiries to seller
- Frontload work rather than wait for chains earlier in process
There are risks to leaving it too late to hire a conveyancer with no chain:
- Rush to complete work in tight timescales if instructed late
- Scrambling to source important documents from seller
- Pressured to exchange on incomplete information
Overall, engaging a conveyancer early on with a no chain property sale ensures they have adequate time to complete the necessary work.
Let’s look next at how both buyers and sellers can speed up the no chain conveyancing process.
How to Speed Up The Conveyancing Process
While no chains accelerate conveyancing, there are still ways buyers and sellers can help minimise delays:
- Provide conveyancer will all requested documents promptly
- Chase mortgage lender if application is taking long
- Be flexible on exchange and completion dates
- Have all property paperwork ready for conveyancer
- Respond quickly to buyer’s conveyancer enquiries
- Agree release of keys before midday on completion day
- Maintain clear communication with your conveyancer
- Don’t make last-minute amendments that require rework
- Be reasonable on contract terms to avoid disputes
Proactively chasing up progress where possible keeps the momentum going. Conveyancers also appreciate clients who understand delays are often out of their direct control.
Being organised, prompt and flexible where feasible helps minimise any unnecessary hold ups.
Let’s summarise typical timescales for no chain conveyancing next.
How Long Does Conveyancing Take on Average With No Chain?
Based on the typical stages outlined earlier, conveyancing for a no chain property transaction takes 8-12 weeks on average.
However, various factors can result in faster or slower timescales:
- Quickest: As fast as 4-6 weeks if all goes smoothly
- Average: 8-12 weeks for a standard transaction
- Longer: Up to 16 weeks if delays from searches, mortgage, surveys etc.
While each case is unique, the below timeline gives a general overview:
- Weeks 1-4: Initial searches, enquiries, mortgage application
- Weeks 3-6: Contracts drafted and exchanged
- Weeks 7-12: Funds transferred, keys released, registration
In optimal conditions with no hiccups, some no chain conveyancing cases can complete in just over a month.
But it’s prudent to budget 2-3 months, with the flexibility for it to take longer depending on various factors.
Removing the chain is the key accelerator, though some delays may still arise. Being organised and proactive keeps things as streamlined as possible.
When buying or selling property, the big question is often “how long could this take?”. For conveyancing with no chain, typical timescales are:
- 8-12 weeks on average
- 4-6 weeks in very quick cases
- Up to 16 weeks if delays or complications
While chains are the main cause of drawn-out conveyancing, other factors like mortgage applications and local authority searches can still impact timeframes.
Removing the chain interdependencies is the key accelerator, even if some delays may still occur. For optimal timescales, engage a conveyancer like AVRillo early and remain organised and proactive throughout.
AVRillo’s award-winning conveyancers specialise in streamlining no chain transactions, completing on average in just 8-10 weeks. Their innovative communication portal keeps buyers and sellers updated every step of the way.
Conveyancing with no chain cuts out the frustrations of relying on other buyers and sellers. While unpredictabilities remain, this straightforward process allows transactions to complete in often 2-3 months rather than 6+ months.
Understanding timeframes and stages helps buyers and sellers plan, budget and manage expectations. With upfront knowledge of the process, conveyancing doesn’t have to be a total mystery or annoyance.
Learn more about conveyancing:
- What is staircasing in conveyancing?
- What is residential conveyancing?
- What searches do conveyancers do?
- What is a local search in conveyancing?
- What is no sale no fee conveyancing?
- Hiring no sale no fee conveyancing solicitors
- What is a draft contract?
- What are conveyancing deeds?
- What is the difference between sale deed and conveyance deed?
- How long are conveyancing searches valid?
- What’s the difference between leasehold and freehold?