Online Conveyancing: Confirming the facts and debunking the myths
Online conveyancing became more popular during the pandemic, but We Buy Any House have written an article to debunk some myths and confirm facts.
The growing popularity of online conveyancing has been spearheaded by the pandemic, as despite the world being putting on hold, those invested in buying and selling their homes were determined to continue the process.
By turning to online conveyancing, the process could still be continued while also adhering to safety precautions and pandemic guidelines. The move towards online conveyancing presented itself as a solution to the current climate and limited in-person contact.
However, the speculation surrounding the popularity of online conveyancing has created some misconceptions.
We buy any house aims to demystify the false claims regarding online conveyancing below, confirming the truth’s and highlight the benefits of moving online.
Myth – Your local solicitor is better:
This common misconception occurs as it is believed that when experiencing online conveyancing, lesser customer service is received due to the lack of personal rapport. In honesty, this should not be a deciding factor. Solicitors should be chosen on merit, their expertise and reviews formulated by customers. Knowledge sourced from local solicitors is no longer a requirement, and often organising and attending appointments may slow down the process. By using an online service, generally an online support team assists customers as they go through the conveyancing process, in addition to the majority of transactions being completed from your own home.
Fact – You are able to budget in advance:
A perk of opting to do online conveyancing is that due to the upfront quote, you are able to budget accordingly no matter your purpose. Part of the appeal to many people is the transparency in regards to legal costs and how this might affect current living costs or any other financial commitments.
Myth – Fear of hidden charges:
Due to the fact that online conveyancing is cheaper than the traditional method of opting to see a local solicitor, customers are often initially skeptical as the financial aspect of the situation presents itself as too good to be true. As with any financial agreement, the terms and conditions must be read and understood accordingly, but many online conveyancing firms do work to a fixed legal fee. In the initial quote standard charges are included, and your chosen online service will inform you of the exact total fee upfront. It must be noted that on a rare occasion, unexpected expenses may be incurred, yet this is heavily dependent on the customers circumstances. Online conveyancers ensure that they adhere to a fixed legal fee and will inevitably discuss and list any disbursements that arise in the quote.
Fact – Online conveyancing is time-saving:
The process of online conveyancing relies heavily if not exclusively on email, phone conversation or in recent times, meetings being held via video calls. For many customers, this is beneficial as it saves time spent on travelling to essential meetings and enables those who lead busy lives and find time management to efficiently have meetings and speed up the process of exchanging documents. Some online services do offer the optional service of visiting the office if required or necessary.
Myth – It works out cheaper to take an estate agency’s conveyancing package:
The offer from an estate agent to undertake a package deal may seem appealing when initially mentioned. Typically, the selling point is that it will work out cheaper in the long term, in addition to the notion that you won’t have to research your own solicitor and risk unreliable reviews causing problems for you. However, it is worth considering that you may be billed up to £400 extra for the estate agent’s referral fee- so in the long term the myth that it will work out cheaper is not necessarily true.
Kindly shared by We Buy Any House
Main photo courtesy of Pixabay
