If you require professional services to transfer lawful ownership of property, then look no further than Marie Van Coller to assist you with the conveyancing process. We are passionate about driving exceptional services with incredible turnaround times.
The conveyancing process should ideally take approximately 3 months to finalise. There are specific categories of steps in the conveyance process where different parties are associated with the respective documentations and submissions of information.
The approximate time that it would take for the time to arrange the mortgage is about 4 weeks. Drafting the contract, reviewing the survey reports and conducting due diligence on the property as well as taking into account the time between exchanges of acceptance which could also take 12 to 16 weeks.
Another component of the conveyancing process is financial verification and vetting. This is dependent on the corresponding times of the financial institutions, lawyers and regulatory authorities.
The average time from offer to the exchange of contracts would also depend on if there is a chain involved. For example, a chain with a cash buyer or buyer obtaining a mortgage could take anywhere between 10 to 12 weeks.
The conveyance process has a lot of preparatory work such as representing the mortgage lender, preparing a report on the title of the property, registering the new owner property as well as compiling the financial aspects of the contractual transaction for the property.