The first step is arranging your mortgage. This involves getting a mortgage offer from your lender, which includes a property valuation and an assessment of your financial situation. Our team will guide you through this process to ensure you have everything you need to secure your mortgage.
Our conveyancing process
Our state-of-the-art online systems streamline the conveyancing process, making it more efficient and user-friendly. From submitting documents to tracking the progress of your transaction, our digital platform allows you to manage everything from the comfort of your home. This not only speeds up the process but also reduces the need for unnecessary paperwork and in-person visits.
Below, we outline the main stages of the conveyancing process to help you navigate your property transaction with confidence.
Conveyancing process overview
* N.B. The times given below are approximate and should be used as a guide only, the circumstances of each individual case may differ. Times shown are for a property purchase.
Arranging the mortgage
Approximately 4 weeks dependant on provider.
Conveyancing searches
Traditional average: 6 weeks
Nationwide Conveyancers: 3 weeks
Exchanging contracts to completion
Traditional average: 4 weeks
Nationwide Conveyancers: 1 week.
Total time for the conveyancing process
Traditional average: 14 weeks
Nationwide Conveyancers: 8 Weeks
Arranging a mortgage
Securing a mortgage is often the first step in the conveyancing process. This is an optional service that we can provide and typically takes about four weeks. It involves obtaining a mortgage offer from a lender. It includes a property valuation and an assessment of your financial situation. Our team will guide you through this process, ensuring you have the necessary documentation and helping you understand your mortgage options. All our brokers are FCA regulated.
Conducting conveyancing searches
Conveyancing searches are essential to uncover any potential issues with the property. This stage usually takes us approximately 3 weeks and includes local authority, environmental, and water and drainage searches. These searches identify any planning restrictions, flood risks, or other factors that could affect your decision to proceed with the purchase. Our expert conveyancers will handle all search requests and interpret the results for you.
Get your move on
Exchanging contracts
The exchange of contracts is a crucial milestone in the conveyancing process, signifying that both parties are legally committed to the transaction. This step typically occurs 1 to 2 weeks before completion. At this point, the buyer pays a deposit, and a completion date is agreed upon. Our team will ensure all contract details are accurate and that you fully understand your obligations before proceeding.
Completion day
Completion is the final step in the conveyancing process, where ownership of the property is legally transferred to the buyer. This usually takes place 1 to 2 weeks after the exchange of contracts. On completion day, the remaining balance of the purchase price is transferred, and you receive the keys to your new home. Our conveyancers will manage all financial transactions and ensure a smooth transfer of ownership.
Average conveyancing process timeframe
The entire conveyancing process takes us approximately 8 weeks from start to finish. While this timeframe can vary based on individual circumstances, it provides a reasonable estimate of the duration.
We ensure a smooth and efficient process, keeping you informed at every stage and addressing any issues promptly to avoid unnecessary delays.
FAQs
The average conveyancing process takes approximately 12 to 14 weeks from start to finish although this time frame can vary depending on the complexity of the transaction and the specific circumstances of your case. At Nationwide Conveyancers we complete your transaction in half the time. Regardless of the specifics we are the most efficient option on the market.
Conveyancing searches are checks conducted to uncover any potential issues with the property, such as planning restrictions, flood risks, or other factors that could affect your decision to proceed. These searches typically take between 2 to 6 weeks to complete and are essential for ensuring there are no hidden problems with the property.
A deposit is typically paid at the exchange of contracts, which occurs 1 to 2 weeks before the completion date. This deposit secures the property and commits both parties to the transaction.
On completion day, the remaining balance of the purchase price is transferred, and the ownership of the property is legally transferred to the buyer. This is the final step in the conveyancing process, and it usually occurs 1 to 2 weeks after the exchange of contracts.
While the standard conveyancing process takes 8 to 12 weeks, it can sometimes be expedited depending on the circumstances. However at Nationwide Conveyancing we expedite every case, our team works diligently to move the process along as quickly as possible, with no time wasting while ensuring all legal requirements are met.
If issues are found during the conveyancing searches, we will inform you immediately and discuss the best course of action. Depending on the severity of the issues, you may choose to renegotiate the purchase price, request the seller to resolve the issues, or in some cases, reconsider the purchase altogether. Our Nationwide Conveyancers team will provide expert advice to help you make an informed decision.
Testimonial
“From start to finish, Nationwide Conveyancers provided exceptional service. They managed both the sale of my old home and the purchase of my new one seamlessly. Their expertise and dedication made the entire process a breeze.”
Emily Harris, Birmingham
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