McHale & Co. Solicitors Blog

Property portal set to go live next year

The Law Society has unveiled a plan to revolutionise residential conveyancing by handling transactions online.  A conveyancing web portal, expected to go live in 2014, will streamline the process, improve communication between parties, save costs and time and improve risk management.

This was tried before and abandoned in 2009; hopefully this project will be more successful.  Here’s what the Law Society has to say:

“Intended to be a pan-industry solution, the portal will allow all parties in a transaction to view up-to-date information on the process online in a secure and collaborative ‘deal room’, accessible through a mobile telephone or tablet computer. A feature called ‘chain view’ will enable parties to check what stage has been reached by everyone in a purchasing chain.

The initiative picks up the baton from the Land Registry of England and Wales’s e-conveyancing programme, which was abandoned in 2009 at a cost of £15m.

Law Society chief executive Desmond Hudson said: ‘Moving online will save you time and avoid the costs created by traditional paper-based approaches. It will help you work greener and smarter, working on the move, enabling you to manage your time and your staff time more effectively.

‘In the future we want to work with estate agents and lenders so that more of the key parties are in the portal. Right from the start it will dramatically improve collaboration with clients and other conveyancers.’

The portal will be available to all solicitors and licensed conveyancers. Those not accredited under the Society’s Conveyancing Quality Scheme will have to undergo vetting before they can use it.”

We are of course accredited under the Conveyancing Quality Scheme and we will keep you updated as things progress.

Categories: Conveyancing

Leave a comment

Leave a Reply

(Your email will not be publicly displayed.)