In the modern hi-tech world of today, almost anything can be done online, and conveyancing is no exception.
Conveyancing is the legal term for the process of transferring ownership of a property between two parties. A conveyance is legal document known as a deed that conveys a property from the seller (or vendor) to the buyer.
The process basically involves 3 steps: putting the property up for sale, completing the legal documents regarding the property, and exchange of contracts whereby the property is handed over to the new owner.
Traditionally conveyancing is done by a solicitor or a licensed conveyancer and can be a laborious time consuming process that involves many trips to the office of your representative. With the advent of online conveyancing the process can be easier, quicker and cheaper.
Before the conveyancing process can begin, you must first choose a firm or company to represent you. This can be difficult as there are so many different service providers. Word of mouth recommendations are advisable but not always readily available. Asking family and friends for recommendations can be time consuming and a benefit of online conveyancing is that you can browse through different companies online, in the comfort of your home. There is no need to go and meet the conveyancer personally and the answers to any queries you may have are just an email or a phone call away. In this way, you are able to contact more companies, consider differing costs and make a more informed decision.
Geographical location of the conveyancer is irrelevant as everything is done online eliminating the need to meet at the conveyancer’s office and saving you time.
Most people lead very busy lives and have little time to attend meetings at their solicitor’s office. These meetings can be numerous as conveyancing is not usually a speedy process.
Online conveyancing means that solicitors all over the country are competing for the same customer base, making quotes cheaper and more competitive. As everything is done online, overheads are low, leading, again, to the availability of cheaper quotes.
Being able to contact your conveyancer online whilst sitting at home is an attractive benefit to many people. Very many online conveyancing services are contactable during evenings and weekends, unlike the traditional office-based services.
Online conveyancing makes it easier for you to find the most price competitive firm and solicitor. You can simply compare the prices online and select the one which is best for you or within your budget.
Many online conveyancers operate a “No move, no fee” policy, ensuring that the user is not liable for any cost other than those occurred on your behalf.
Most online conveyancing services will provide you with password protected instant updates, by email or SMS, allowing you to keep track of the progress of your case 24 hours a day, seven days a week, all from the comfort of your own home.
Therefore, it is clear that there are many benefits to choosing online conveyancing, although it is important to ensure that the online service you choose is regulated by the Law Society and is covered by indemnity insurance.
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