It’s often the first question buyers and sellers ask once a deal is agreed.
In most cases:
- Freehold (No Chain): around 8-10 weeks
- With a Chain: typically 10-14 weeks or longer
- Leasehold: often extended beyond this time due to third-party information that is required.
Of course, every transaction is different. But what tends to affect timescales most?
- Chain dependency.
- Mortgage offer turnaround time.
- Search delays.
- Leasehold Management Packs.
- Title issues requiring clarification.
But what can help a transaction moving?
Although not every delay can be avoided, there are steps that can help reduce the risk of hold-ups:
- Instructing a conveyancer as early as possible.
- Providing ID and paperwork promptly.
- Responding quickly to requests for information.
Ensuring your mortgage application is submitted without delay.