Your house has on been on the market a couple of weeks, you’ve accepted an offer and – better still – your offer has been accepted on the house of your dreams. Time to relax and get on with the easy bit, yes? Well, no, actually. In fact, it’s the legal process following the agreed sale that seems to drag on. Your solicitor isn’t just a conveyancing specialist so they’re dealing with countless other cases at the same time. Tomorrow he’s in court on an employment matter and for the rest of the week he’s visiting a corporate client at the other end of the country…
He just doesn’t quite seem tograsp how important your case is. Now your vendors are getting agitated, should they put their house back to the market? They had a lot of interest but you said you could move ASAP… And your purchasers need to be out of their property and are thinking about the house just across the road instead. Just when you’re beginning to worry about just how fragile this chain is, your solicitor’s secretary calls to say there’s been a delay with the searches… Even with all this going on, most sales and purchases would probably still go ahead if everyone knew exactly where everyone else was up to.
Wouldn’t it be so much better if there was a more streamlined way, with a dedicated specialist who deals with absolutely nothing else but conveyancing, where you could check on the process at any time and where practically everything is done online so no waiting days – or even weeks – for documents to arrive, and no dealing with ‘oh, sorry, it must be lost in the post’?
Move with the Times…
The Law Society brought the Conveyancing Quality Scheme into being in 2011. This is a quality mark, demonstrating that your conveyancing practitioner meets certain standards and adopts the CQS protocol. In 2013 they began developing the online conveyancing portal which is now making a huge difference to the Conveyancing process, improving communication between solicitors, conveyancers, vendors, purchasers, the Land Registry, Revenue & Customs and even the estate agents. With an online conveyancer you can be assured that, while the internet is once more, cutting through unnecessary time-wasting, online conveyancing is not just approved of, but also monitored at the highest level. After all, the associated funds have been moved electronically for years, so why not the paperwork, when the conveyancing process just lends itself to technology?
Saving Time – and Saving your Transaction?
It’s clear that there are many advantages to online conveyancing. Nearly a third of all sales fall through before completion. Imagine investing all that time and money, only to have the rug pulled right out from under you. It’s more than an expense and an inconvenience,it’sthe smashing of a dream, so no wonder a house move is considered as stressful as a bereavement or a divorce. So many of these sales could probably be saved if there was clear, transparent communication and if all parties knew exactly where everything, and everyone, was up to. Now, with many online-only conveyancing companies, and companies like Smoover shaking up the conveyancing market, there is exactly that:
- Online access to legal documents, so each party is kept in the loop – buyer, seller, conveyancers and estate agent can all see the status of the sale or purchase, 24 hours a day.
- You’re in control from offer through to exchange and completion with reminders, prompts and guidance for all parties.
- Check progress from anywhere – download the Smoover app on a tablet or smartphone and carry all the legalities around with you. The app will notify all parties instantly of any change or development.
- There’s just no need to pay over the odds for a city centre or high street solicitor for supposed ‘local knowledge’. It’s just not needed – conveyancing is, above all, an administrative procedure and an online conveyancer will often have far lower overheads resulting in lower fees.
- No need to waste valuable time and effort visiting a solicitor’s office every few days.
- Most documents can be scanned and emailed.
- Many documents can be e-signed.
- Contracts can be exchanged by telephone.
- Avoid getting overcharged by the estate agent’s recommended solicitor – the agent will earn a commission for that recommendation – and never again be fooled into thinking that will somehow speed up the process.
- From first instruction, right the way through the process to post completion, online conveyancing means there’s an audit trail of all communication between all parties – buyer, seller, lender, solicitor, the Land Registry and Revenue & Customs. You can see that every ‘I’ has been dotted and every ‘t’ crossed.
Now you really can look forward to moving in and putting the kettle on!