Conveyancing identified as major barrier in property transactions

The property transaction process, particularly the conveyancing stage, is identified as a major factor in the speed and efficiency of home purchases. A survey of over 1,000 homeowners revealed that 42% view conveyancing as the primary barrier to smooth transactions, citing slow communication between legal professionals as a leading cause of delays.

In Scotland, the journey from house-hunting to settlement involves several critical steps, including securing a mortgage agreement in principle, verifying funds, and navigating the conveyancing process through a solicitor. Buyers may note interest in a property or submit offers via solicitors, which can lead to closing dates or direct negotiations.

Homeowners expressed a desire for reduced complexity and faster responses from conveyancers. Approximately 42% of buyers reported having the lowest visibility into their purchase progress during the legal stages, suggesting that improved communication and upfront information could enhance the overall experience.