subject: How Useful Are Online Conveyancing Services? [print this page] Following the legal services act of 2011 it is now possible for non-lawyers to own their own law firm, the act was passed with the hope that it would allow for an extensive framework that would provide opportunities for a wider variety of services available to consumers. And with new digital mediums these services would be highly accessible, customers could simply use the phone or the Internet to access the information they seek, rather than being restricted to face-to-face appointments.
Previously it has been convention for legislation to restrict the management and finances of companies that provided legal advice, however now it seems that critics are becoming concerned with the quality of legal advice that new law firms are offering, and are labelling the Legal Services Act as Tesco Law. Amongst many conveyancing was one of the first legal businesses to be targeted, focusing on property law. So for someone considering buying or selling property are there any advantages that an online services could provide and traditional methods could not?
Unfortunately, as is the case with most complex questions, there is not a clear-cut answer to this question. There are a lot of factors that must be taken into account regarding the specific situation before an answer can be given. Certain aspects of the services are similar, for example whether you choose to use an online service or a traditional one they will take care of all the necessary paper work required for the property transfer, such as transfer contracts and deeds. However, though this may be true the level of service that you receive can also depend on whether or not you speak directly with a solicitor or whether it is through a third party.
It can be helpful to understand the conveyancing process itself, knowing what should be expected will give a frame of reference. As well as preparing and negotiating all the necessary paper work, such as a draft transfer contract, your solicitor should also be taking the time to find out any relevant information from the Local Authorities that might affect your decision to buy the property.
For instance, factors such as boundaries to the property, planning constraints, constructions work, insurance policies, and burglary rates. Your solicitor should also acquire a Mortgage deed for you to sign and exchange with the other party and make any final checks to ensure that there is nothing registered against the seller.
While online services might be quick, accessible and even economical, (both financially and time wise), it is important to watch for hidden costs or fees that may not be apparent initially For someone who is quite confident with the transactions involved an online service may suffice, if not then it might be worth using the traditional method.
by: Amy
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