Residential
Pat Davitt: Seller’s legal pack would make property sales quicker, easier and cheaper
Conveyancing typically takes four months or more, sometimes leading to buyers losing mortgage approval while they wait for documents
A Bill due to reach second stage in the Dáil on Thursday, October 5 called the Seller’s Legal Pack for Property Buyers’ Bill 2021 could transform conveyancing, the legal transfer of property title from vendor to buyer.
The issue has been problematic for some time because of inordinate delays. On average, conveyancing takes about four months to complete, over 10.4 weeks between a sale being agreed to the signing of contracts, plus a further 5.3 ...