How quickly can conveyancing be done?
Thanks to the automation and electronic delivery of many certificates, and electronic conveyancing, it is possible to complete a settlement the same week that the contracts are executed.
However, where a mortgagee is involved on either side of the transaction, they will usually require a minimum of 14-21 days to prepare the discharge of mortgage or mortgage contract, arrange for the purchaser’s execution and verify the returned documents before advancing any funds.
Preferably, the settlement period should be no less than 28 days, and where a purchaser is obtaining finance and bank valuations will be required, the settlement period should ideally be no less than 45 days.