The average length of a conveyancing transaction from instruction to completion is currently about 15-20 weeks. However, the time an individual case takes to complete can vary greatly, depending on the particular circumstances, and is largely the result of the readiness and willingness of all parties to proceed, the property title (eg freehold, leasehold, registered, un-registered), responses from landlords or management companies, and other factors.
The following are some examples of factors which can affect the timescale in a conveyancing transaction. This list is not exhaustive:
Unforeseen work e.g. existing tenants in the property or obtaining planning and building regulation consents for works undertaken, specialist reports required.
Delays by third parties, e.g. the other side’s solicitor
A delay elsewhere in the chain
Probate or divorce proceedings
Obtaining necessary information from third parties such as management companies or landlords
Complex titles
Leasehold properties and flats