An Englishman’s home is his castle and being able to buy your own house is a dream come true for most homebuyers. It is, however, often a mixed feeling of excitement and nervousness. Buying or selling a house involves complex legal formalities and paperwork where a simple error could cost you hundreds, if not thousands of pounds. What is the safest way to make the process hassle-free and risk-free? Of course, it would be hiring a specialist conveyancing lawyer who can handle the process from start to finish and take the burden and stress away from you.
While there exists no question on the necessity of a conveyancer in a home buying/ selling process, there are questions about whether it is better to use an online conveyancing firm or a high-street conveyancing firm. And are online conveyancing firms safe to use? In this post, we are going to share information on conveyancing and more importantly on online conveyancing. So, without further ado, let’s get started.
- Conveyancing vs Online Conveyancing
Conveyancing is the process by which the legal ownership of a property is transferred from one person to another. It is a lengthy, complicated legal process best carried out by experienced conveyancing solicitors. Online conveyancing works the same way as traditional high street conveyancing but, as the name suggests, most of the correspondence and filing is done online. However, as is the case with the Land Registry and HMRC, in recent years many high street conveyancing firms have also embraced technology and now provide significant portion of their services online and by email. This consequently dilutes the differential between the two.
- Benefits of Online Conveyancing
Now, let’s quickly jump to the benefits of working with firms engineered for online conveyancing and know the reasons behind their popularity.
- Quick service
Online conveyancing is quicker and easier than traditional conveyancing. Virtual meetings, virtual rooms to share documents, editing and submitting documents online all lend to a faster conveyancing service.
- Budget-friendly services
Online conveyancing is generally less expensive than high street conveyancing. In addition, it also saves the expense of regular visits to the conveyancer. Apart from being cheaper, online services also save considerable amount of time.
- Keep an eye on the progress
If you are concerned about tracking the progress without face-to-face meetings, don’t fret. Most online conveyancing services provide a case tracking system that enables you to monitor the conveyancing process in real-time from the comfort of your home.
Is online conveyancing safe?
This is one of the most frequently asked questions about online conveyancing. Buying or selling a property concerns hundreds of thousands, if not millions of pounds. Hence, it is prudent to question the safety and security of the online process. However, the concerns would apply equally to working with either type of conveyancing firms. The issue centers around IT structure, security and contingencies available to the firm. Majority of good firms will have strong, tested and resilient systems in place with back-ups and tightly monitored security systems. However, often the firms that are technologically advanced, and consequently providing online conveyancing, are more secure and safer. The good firms usually have multiple layers of security, the use of cloud services, two-factor authentication, auto-updated firewalls and multi-site back-ups. Furthermore, all conveyancing firms, whether online or not, are regulated by either the Solicitors Regulation Authority or the Council for Licensed Conveyancing and they also have to have professional indemnity insurance for around £2million before they can provide conveyancing services. Therefore, online conveyancing is at least as safe as high-street conveyancing.
The Final Word
Now that you know the basics of online conveyancing and its benefits, we hope that you have understood how it makes the homebuying or selling process easier and a lot faster. If you choose a good firm, the online conveyancing process is safe and secure.
Are you looking for reliable online conveyancing services? You can count on Phew! We use the latest technology to change the face of conveyancing and provide faster, premium, value-for-money conveyancing services.