What Is Online Conveyancing?
Online conveyancing is carried out in exactly the same way as traditional conveyancing process. The difference is that all communications are carried out online. There are certain advantages to online conveyancing; the process is often quicker and cheaper. There is often a trackable progress system too. However, there are a couple of downsides as well. Whilst online conveyancing can lack the personal touch that you get with traditional face to face conveyancing it is becoming ever more popular and with good reason. Compare compare conveyancing quotes online
How Does Online Conveyancing Work?
Online conveyancing follows the same process as traditional conveyancing. The only difference is that online conveyancing takes place entirely online or over the phone. \In other words, you don’t have meetings with your conveyancer face to face.
The actual conveyancing process remains the same, with your solicitor liaising with the buyer/seller’s conveyancer and preparing all the legal documents. They will still carry out property searches, draft and exchange contracts and arrange completion.
Where Do I Find an Online Conveyancer?
To ensure your search for a registered online conveyancer, use our online comparison tool. By doing so, you’re guaranteed to be matched with a licensed professional who is fully regulated.
Whether you are buying a property, selling one, or both, Moving Buddies are here to guide you through all the key stages of the transaction with minimum stress . We will help you complete essential tasks quickly and facilitate communication between you, your conveyancer, estate agent and mortgage broker. This means less duplication and no unnecessary calls, as all progress updates will appear on your portal in real time. Your unique personalised portal is simple and straightforward to use. Your buddies are always on hand to help so you will know exactly what needs to be done and when. All our conveyancing experts are regulated by a governing body including:
- The Council for Licensed Conveyancers (CLC)
- The Solicitors Regulation Authority (SRA)
- The Law Society of Scotland (LSS)
- The Law Society of Northern Ireland (LSNI)
The Advantages Of Online Conveyancing
From a dashboard to track your progress to the cheap prices, we’ve listed a few benefits of online conveyancing:
1. Easy to Track Progress
Most online conveyancing firms offer ‘case tracking’ giving you the ability to monitor the progress of your case online. So instead of constantly chasing your conveyancer for updates, you can just check their website. The system will usually notify you when there’s an update in your case.You’ll also be able to get an estimated date for when the transaction will complete.
2. Cheaper Prices
Online conveyancing is generally cheaper than traditional conveyancing. This is due to the fact that you are not going to have to worry about as many disbursements and conveyancers can handle more cases at a time. If you want to try and cut costs, then online conveyancing is a good option. Thanks to online conveyancing it is much easier for people to buy and sell property now.
3. No Completion, No Fee
Our online conveyancers offer a ‘no sale, no fee’ policy. This means that if the transaction falls through and you are not at fault, you won’t have to pay any legal fees. However, review the policy before continuing; there may be some transactions where this is not possible.
4. An Upfront Quote
With online conveyancing, you should receive an upfront, all inclusive quote. You should look for a firm that offers a Fixed Fee Conveyancing quote. The terms and conditions should contain details of the cost of other services or situations when additional fees may arise.
5. Quicker Transaction
Conducting the transaction online is quicker and easier. Documents are sent and received instantly via email, rather than waiting for appointments to meet face to face. You should be able to send completed documents and forms via email and make payments online.
6. Nor Restricted By Office Hours
Some online conveyancers operate outside typical working hours. This is a benefit to those who work 9-5 as local conveyancing offices are usually shut outside these times. Online conveyancing contact hours tend to be more flexible, giving you more opportunities to discuss your transaction.
Disadvantages of Using Online Conveyancing
Here are some disadvantages of online conveyancing:
1. Lack of Personal Touch
You lose the personal touch that can sometimes be offered by traditional conveyancing. Online conveyancing means you may be speaking to a different person each time you have a query. This can lack consistency.
2. Large Volumes of Work
Your conveyancer might be dealing with many other transactions. This might further reduce your ability to receive a personal service. You may also encounter difficulties contacting your solicitor.
3. No Local Office
Online conveyancers are unlikely to have a local office near you. This might be a disadvantage to clients who are used to a face to face service.
Is Online Conveyancing Safe?
Some people worry that handling such an important and high value transaction online might not be safe. Fortunately, if you pick a reliable conveyancing firm and follow basic precautions, online conveyancing is just as safe as the more traditional approach.
Online conveyancers should still be regulated by the CLC, SRA, LSS, LSNI or CILEx.
Is Online Conveyancing Right For Me?
Online conveyancing will benefit you if you don’t have the need to visit the conveyancer’s office. You can track your progress online or call/email your solicitor.
If you’re not familiar with using the internet or receiving multiple documents and forms via email, then a traditional conveyancer may be better suited.
compare conveyancing quotes online – conveyancing quotes available in seconds are HERE. Speak to accredited Conveyancers today!
