Buying or selling a home is exciting, but the process can feel frustratingly slow. In Lancaster, once a sale is agreed, it takes an average of 120 days to complete—about four months of uncertainty for buyers and sellers.
Back in 2007, it took just over 10 weeks, and in the 1990s, only 7–8 weeks. So why does it take so long today?
Key Causes of Delays
- Outdated Conveyancing Process
In England and Wales, conveyancing (the legal transfer of ownership) only starts once a sale is agreed, unlike in Scotland, where much is done beforehand. The time between initial enquiries and responses has more than doubled since 2007, stretching from under four weeks to nearly nine weeks. Despite advances in technology, the system remains slow and outdated. - Solicitor Workloads and Efficiency
Many solicitors juggle multiple cases, leading to delays. Mortgage processing times have also worsened, now taking around nine weeks—up from five weeks in 2017. A proactive solicitor can help avoid unnecessary hold-ups. - Property Chains
If one transaction in a chain is delayed or falls through, it affects everyone. The average time from instruction to exchange has increased from 10 weeks in 2007 to nearly 17 weeks today. - Changing Market Conditions
Longer transaction times increase the risk of mortgage offers expiring, interest rate changes, or personal circumstances shifting—leading to fall-throughs. Gazumping (accepting a higher offer late) and gazundering (buyers reducing their offer last minute) are also more likely.
How Long Does it Take in Lancaster?
Lancaster homes take an average of 85 days to find a buyer. Once a sale is agreed, it takes another 120 days to complete. Flats take the longest at 136 days, while houses average 118 days and bungalows 121 days—similar to national figures.
How to Speed Up the Sales Process
- Get Documents Ready Early
Sellers can save weeks by preparing key documents upfront, including:- Ordering local searches from Lancaster City Council when listing the home.
- Completing the Property Information Form and Fixtures and Fittings List.
- Gathering warranties, guarantees, and building regulation approvals.
- Choose a Proactive Solicitor
Not all solicitors work at the same speed! Look for one known for efficiency, clear communication, and proactive follow-ups. I can recommend excellent conveyancers if needed. - Consider an Exclusivity Agreement
These agreements provide both buyer and seller with security, reducing the risk of gazumping or gazundering.
Looking Ahead
The process of buying and selling in Lancaster is slow, but a proactive approach helps. Preparing in advance, choosing the right professionals, and considering alternative strategies can reduce delays and stress.
If you’re thinking about moving and want expert advice, I’m here to help. Call me, and let’s chat—no obligation, just honest guidance to make your move smoother!
Thanks for reading
Michelle x
