Online conveyancing is exactly what it sounds like—it’s traditional conveyancing, but done in the digital world. It allows you to properly comply with the legal requirements and paperwork native to purchasing and selling homes, especially in the territories of the United Kingdom. They essentially exist to protect both parties—you as the seller and them as the buyer, for instance, and vice versa.
While it’s entirely possible to carry out your own conveyancing processes, keep in mind that it’s a long and tedious process, where technicalities will be heavily involved. Conveyancing exists for a reason, and that’s because experience is necessary. Anything less could end up costing you more money than necessary, especially when mistakes happen.
For this reason, many choose to invest in a professional conveyancer instead. It saves you from any unwelcome surprises, particularly when it comes to the condition of the properties, shoddy paperwork, and even the actual financing. With a professional by your side, however, you make sure that everything goes smoothly. Any issues that may occur will also be handled well, saving you from headaches.
Given the current global situation, however, you may be leaning more towards the online conveyancing process. As stated, it operates quite like the traditional practice. Instead of meeting face-to-face, however, you will be transacting mainly over the phone and online.
To help you fully grasp the online conveyancing process, we’ve created this quick and easy guide to follow:
Diving Deeper into Online Conveyancing
Since you’ll be opening in the online world, meetings will occur on your chosen platform, be it via a video call, mobile call, and even email. Any face to face meetings with your conveyancer will be nonexistent, but the traditional processes will still be followed. Your conveyancer is still tasked with liaising either with the buyer or seller of the property, to be then followed with local and property searches.
Drafting and exchanging the contract will then be followed, and a schedule of the completion date will also be pitched. All these should be done before making you the legal owner of the property. More often than not, however, you’ll find yourself assigned to a faceless team of conveyancers rather than a person you can call by name. Should this be your preference, don’t hesitate to ask for it.
There are many advantages to enlisting an online conveyancing solution, and some of them are as follows:
Benefit #1: Progress will be easier to track
Seeing as all processes are carried out online, the progress of your transactions will be easier to track. You’ll likely be given access to a dashboard, which will then allow you to track your conveyancing progress in real-time. Depending on the system used, you may also be notified of any updates, and all data will be stored in an accessible database.
Estimated date of completion will also be provided, giving you an overview of how things will unfold. This is important for to-be homeowners, as you’ll be able to properly schedule your packing and moving dates.
Benefit #2: Enjoy better and more affordable prices
While traditional conveyancing remains a good option, many opt for the online alternative due to its affordable prices. Online conveyancing solutions are also capable of tracking more cases than their traditional counterparts, thereby allowing you access to better rates.
It’s also worth noting that most online conveyancers operate on a “No Completion, No Fee” policy, designed to protect their clients. Should the process fail for any reason, you will not be obliged to pay for any fees—regardless of the stage of the conveyancing.
You’ll also have access to upfront quotes, which likely details the costs fully for transparency. Although the practice is necessary in the real estate world, many property owners fall prey to unscrupulous conveyancing practices, particularly when agents suddenly ask for hidden charges. Thanks to online conveyancing, you can easily choose a service that will work best with your current budget.
Benefit #3: You have access to quicker transactions
Thanks to the nature of the digital world, online conveyancing transactions are guaranteed to be quicker and more convenient than traditional ones. You eliminate the need to set appointments and meet at the conveyancing office, just to go through mountains of paperwork. Documents are sent and received almost instantly, done through email and various communication channels.
Uploading and sending completed documents can also be possible, along with payments. All these make the conveyancing process easier, without the hassle of dealing with papers, coming to meetings, and setting appointments.
How to Get Online Conveyancing Right
Although the online conveyancing process is undeniably promising, keep in mind that it’s always important to proceed with caution. Reliable online conveyancers exist to help make the process easier for you, at affordable costs. It only follows that others will use this as an opportunity to charge beyond the necessary, effectively taking advantage of the situation.
For this reason, it’s always important to first do your research before committing to anything. Check out online reviews and pour over your choices, as this will help you gauge which company to trust best. Asking for recommendations is always welcome, and pay attention to any comments you may hear from your network.
Consider shopping around for quotes and packages as well, as you also want your chosen conveyancer to fall right within your budget limitations. Once you’ve gathered the numbers, speak to the firms and ask for clarifications regarding the fees. Directly communicating with them can also help you get a feel of their service.
All these will help you avoid any potential setbacks on the road, such as hidden fees, poor customer service, and even slow transactions. Constant vigilance is necessary—online or otherwise.
Golden tip: While it can be useful to ask your network around for conveyancing solutions recommendations, remember that it’s important not to trust anyone right away—especially if they have been recommended by a real estate agent or broker. More often than not, they may be operating on referral fees—so don’t take the bait!
The Final Verdict: Is Online Conveyancing Right for You?
Considering all the benefits you can enjoy from online conveyancing, it only makes sense that it can be the right option for you. It’s the right choice for the busy and on-the-go, as well as those operating on strict schedules. You never have to worry about making it to conveyancing meetings on time nor worry about slow services.
You simply need to check the dashboard provided or contact your conveyancer directly. Everything can be tracked in the digital world, thereby allowing you to focus on what matters most—your dream property.
If you’re a fan of digital tools, Conveyancing Calculator is the right tool for you. We offer you instant access to online conveyancing quotes, ensuring that you have access to the best possible prices. Accurate and trusted, we make the process easier for you. Get a quote today!