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e-Conveyancing: What It’s All About

The world is continuously evolving, especially when it comes to technology. Technology is rapidly changing and a result everything is becoming more digital. Paper based forms of communication are quickly becoming obsolete, and electronic forms are taking their place. The same goes for conveyancing. Electronic conveyancing or e-conveyancing for short is starting to replace the more traditional form of paper-based conveyancing. It has been described as a secure, paperless, electronic, end to end and pre-sale to post-completion conveyancing process. Most firms use emails to communicate at this point in time and most documents are scanned and digitally saved as back-ups. e-Conveyancing is becoming more popular as it has several benefits such as greater security and integrity, as well as a faster and cheaper transaction. The total transaction time for a residential conveyance, from initial viewing of the property to completion, registration of ownership and discharge of the prior mortgage, could be 5 working days. This is a great improvement as traditional conveyancing can take up to 8 weeks.

So, how is e-Conveyancing carried out?

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Follow few rules and you are good to have a happy and safe conveyance. next >