In the technological world we are living in 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.
Property conveyancing is usually carried out by a solicitor, a licensed conveyancer, or, in Scotland, a solicitor’s agent. It is possible to carry out your own conveyancing, but for most people this is not advised. Some estate agents offer in-house conveyancing services, although it is usually wiser to engage an independent solicitor in order to avoid any conflict of interest.
Finding the right conveyancer can be laborious and time consuming and therefore online conveyancing can be a quicker, easier and often cheaper option. There are many benefits to using an online service. 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.
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.
There are 3 types of online conveyancing services:
1) Conveyancing factories. These are usually low cost, large volume solutions. Due to the mass conveyancing approach taken, call centres are often used and communications may suffer.
2) Specialist firms. These are usually more expensive but offer an excellent level of service.
3) Conveyancing brokers. These are similar to insurance brokers as they have access to many services and companies. Once the customer has provided their details, the most appropriate conveyancer will be determined.
It is important to ensure that the online service you choose is regulated by the Law Society and is covered by indemnity insurance.
The online conveyancing process begins with the customer seeking an online quote and deciding to instruct the conveyancer to proceed. The conveyancer will then write to confirm the instructions and send a “welcome pack” which outlines the whole process. The customer is allocated a member of the conveyancing team and given contact details, both telephone number and email. Very often, an online conveyancer will be available to deal with any queries at weekends and evenings, unlike traditional office based services. 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.
The conveyancing process should involve the following:
1) Verifying ownership of the property and ensuring that a good title is obtained. Title refers to a bundle of rights in a property and is distinct from possession, which can accompany ownership but is not necessarily enough to prove it.
2) Carrying out local authority searches.
3) Ensuring that the land has been registered and checking the existence of any restrictive covenants. Restrictive covenants refer to the restriction of anything from the height or size of building, to the materials used in construction.
4) Ensuring that any planned alterations has necessary planning permission, building licenses, and that they have a warranty.
5) Checking that any debts against the property are cleared before contract exchange.
6) In leasehold properties, the lease and its clauses are checked.
7) Drawing up a contract of sale.
Registering the title in the name of the new owner after the property is sold.
All of the above steps are done online which cuts down on overheads and therefore offers a cheaper conveyancing solution.
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Additional information:
Unlike in the physical world, availing cheap conveyancing services is a simple process! One reason for that is that you won’t need to physically get in touch with your solicitor. Everything can be handled from the comfort of your own living room or office. Online conveyancing works and works faster than you expect it to.
Here is a general best procedure for online conveyancing:
The General Practice
Once you’ve selected a conveyancing service, you can visit their home page to read about conveyancing quotes as well as solicitor reviews. You may either choose a solicitor you want to work with or the company will appoint a suitable solicitor for you. As we’ve already mentioned, the best thing about online conveyancing is that you do not require personal meetings. The solicitors need not be near to your house or work place as well.
All communication between you and the conveyancing firm will happen through telephone, e-mail or by post.
Conveyancing Quotes
Now that you’ve selected a solicitor, you will be asked to fill in a small form in order to get you the best possible conveyancing quote available on the internet. We hope you know about the hidden fees involved! Make sure that the company guarantees its services sans any hidden charges.
Most firms will be transparent enough to give you a complete breakdown of all that is involved.
Contacting Your Solicitors
Most conveyancing firms are open for at least 10 hours a day, every day. If not, make sure that you have an alternate medium to contact your solicitor on off days. You will be able to contact your solicitors through telephone, e-mail as well as by post. Most people prefer making contact through phones. As you can see, this is not always possible. In such a case, most company will have other executives to take your call and forward your queries to your solicitor who will get back with you during office hours.
Besides all these facilities, you will also receive regular updates on your transactions through e-mail or SMS. It’s better to avail services from a company that allows you a single point contact with a dedicated solicitor.
Sealing the Deal
Having agreed on a conveyancing quote as well as a solicitor, you will be sent a conformation email, a soft copy proof for you and the company confirming the name of the solicitor you’ve chosen or has been appointed to you with a breakdown of the price upto the last detail.
Essential paperwork will be sent out to you. You will be required to go through it, accept the terms and conditions, sign it and send it back to the solicitor.
Steer clear of call-centre based conveyancing solicitor firms!
For any help on Cheap conveyancer, check out the info available online; these will help you learn to find the Cheap conveyancing!
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