What Does Buying a House Chain Free Mean
When buying a house, the term “chain-free” may not sound important, but it actually carries significant weight when buying and selling homes. But what...
Conveyancing searches are an essential part of the home buying process in the UK and usually, following your mortgage offer, your lender will specify which searches they need to be completed so that they know there are no issues attached to the property. They involve searches on the property being bought and the surrounding area. […]
15 March 2023
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Conveyancing searches are an essential part of the home buying process in the UK and usually, following your mortgage offer, your lender will specify which searches they need to be completed so that they know there are no issues attached to the property.
They involve searches on the property being bought and the surrounding area. This is to make sure there are no restrictions that could impact the purchase of the property. The length of time these searches take varies depending on several factors.
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Typically, searches take a few weeks, but the length of time can vary and they can take as long as 6 weeks to complete. The best way to speed up the length of time it takes for searches to take place is to keep in regular contact with your solicitor.
Once contracts are exchanged your solicitor will send the purchase monies to the seller’s solicitor and formal completion occurs. Usually, the exchange takes place a week before completion, but it can occur on the same day if need be.
Yes, exchange and completion can happen on the same day, especially if there is no housing chain. However, one risk of doing this is that you will have to arrange things like removals before the contract is legally binding so run the risk of losing money and having to rearrange things if there are any delays.
When you buy a property, conveyancing typically takes around 3 months with no chain. However, this is dependent on several factors, including the caseload of the conveyancer.
Environmental searches check if the property could be affected by flooding, contaminated land such as a landfill site or potential mining substance. These search results typically take 1-2 weeks.
Local authority searches are the most common type of search to check for any planning or building regulations that could affect the property. They will also show who is responsible for maintaining roads and paths adjoining the property and highlight any pollution issues. Local Authority searches 1-6 weeks.
Land Registry searches show shows unique title numbers, who owns it, what they paid for it, any rights of way over the property and what charges or debts are registered against it.
Water searches ensure that the property is connected to mains water and drainage systems. These searches are important as they could affect you if you want to do any future building work on the property. They include who owns and maintains the sewers, drainage and piping, if the property is connected to a public water supply, if the water is metered or rateable, the location of the public sewer and drainage pipes and whether you will need permission from the water company to extend the property.
Depending on the location of the property, for example, a former mining site, additional searches may be required.
A chancel repair search identifies whether the property is subject to chancel repair liability, which is a legal obligation to pay for repairs to the local church. These searches typically take around 2 weeks.
The length of time it takes to complete conveyancing searches can vary depending on the type of search and any issues that arise. It is important to use an experienced conveyancing solicitor who can manage the process and keep you informed of any delays or issues that arise. Being prepared to be patient during the process and keeping in regular contact with your conveyancer will help to ensure a smooth and stress-free home-buying process.
If you have any questions, please get in touch with Propertyable today.
From mortgages and insurance to viewings, offers, exchange and completion, our Buyers’ Guide will take you through everything, step by step, from start to finish.
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