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Conveyancing Quotation - For the sale of your property
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arbuthnott
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How Long?
How long does the conveyancing process take?
The average sale or purchase should take 4 to 6 weeks, but this can vary depending on a number of other factors.
The conveyance of leasehold property can takes longer than a freehold property because it's necessary to obtain additional information from the managing agent or owners of the property - especially if they're not UK resident.
To be on the safe side - allow up to 12 weeks for the process to complete, longer if complicated chains are involved.
Can a solicitor help in negative equity situations
Most solicitors are also financially adept and can offer useful advice if you find yourself in a bad financial position due to negative equity in your present home.
A solicitor can negotiate on your behalf with the lender to avoid the prospect of repossession which is an undesired outcome for any mortgage company. In certain circumstances it may be possible to achieve a lower settlement amount on your existing property which may result in the proceeds from the sale being able to meet the outstanding mortgage balance.