Online conveyancing is becoming an increasingly popular option for people who are looking for a more streamlined and cost-effective way to handle their property transactions. But before you jump head first into instructing online conveyancing solicitors, it is important to understand if this option is actually right for you and your circumstances.
One of the biggest benefits of online conveyancing is that it makes the entire process a lot quicker and far more efficient than using a traditional law firm. With traditional conveyancing, there are often delays due to paperwork and manual processing of documents, but with online conveyancing, the process can be completed much more quickly. Not only does this mean that you can have your sale or purchase completed faster, but it also allows you to keep costs to a minimum.
When it comes to cost savings, online conveyancing services tend not to encourage client meetings in person. This means that from a Firm’s perspective, this means that Fee Earning staff’s (solicitors or conveyancers who are trained and has conduct of client files) workload can be organised far more efficiently on a day to day basis. This in turn means that Fee Earners can be expected to progress a lot more cases on a daily basis than in traditional firms. As far as clients are concerned, the time saved by fee earning staff due to reduced face to face meetings between with clients which essentially form a significant part of a firm’s overheads can be passed down as reduced, overall fees.
For those who are unfamiliar with how the legal processes work when it comes to conveyancing, online conveyancing can also provide a simpler and easier way to understand it all. As everything is done online, it’s much easier to refer back to any information that you need as well as find out more about the various aspects involved in the process. This means that you can make sure that you are making informed decisions when it comes to buying or selling your property as the transaction progresses as opposed to discussing everything in one go, during limited client meetings as is the case with traditional law firms.
Finally, it’s important to keep in mind that while online conveyancing can save you time and money, there are still certain elements of the process that require specialised knowledge and expertise. Generally, the more mature clientele who may not be fully familiar with online services or in fact, if you are somebody who prefers to deal with matters in person, you may be better off using a traditional, high street law firm who would encourage you to do so.Overall, although there are certain instances where online conveyancing may not be the best option for everyone, it can be a great way to streamline your property transaction while also saving time and money. Before making any decisions though, it is crucial you weigh up all the pros and cons of using such a service to make sure that it is right for your personal circumstances.
