The fall in legal fees for conveyancing solicitors since online conveyancing

Posted by admin on April 1, 2012 under Conveyancing Advice | Comments are off for this article

The arrival of online conveyancing has heralded a new era for those who are buying and selling their houses, as it has significantly increased competitiveness. The upshot of this has been that conveyancing solicitors’ fees have become much more reasonable, much more flexible, and much more tailored to the budgets of those who will be instructing the solicitors. The new online options represent a significantly more purse-friendly alternative for house buyers and sellers, particularly given the opportunities that are available to bundle up various services and do everything in one go.

 

The introduction of online conveyancing has meant that different packages are available and the whole process of instructing conveyancing solicitors has become much more like buying something from an online shop. Most online conveyancing options will now offer separate sale and purchase packages, joint packages, packages that also deal with remortgaging, as well as other connected areas like dealing with re-writing wills.

 

In order to compete with this kind of instant, cheap conveyancing, most solicitors have responded with their own online conveyancing services, or by dropping fees to make them more competitive than using an online service. The face to face nature of using a conveyancing solicitor over online conveyancing is a huge advantage that conveyancing solicitors have, as buying or selling a house is a very big deal for those involved and not usually something that many people would feel good about entrusting to a faceless website. If that can be offered at the same price as online conveyancing (or thereabouts), then for most people the personal service will be the obvious choice.

 

Conveyancing solicitors are also matching those packages that are offered by online conveyancing sites, bundling together services that those involved in conveyancing situations are most likely to use and offering a discount on the total fee, in order to drop costs even further and make the conveyancing solicitor even more competitive. Of course, there may have been an argument that conveyancing solicitors’ fees were a little too high in the first place (although give the property boom pre-2008 it’s not surprising that this was the case). Whatever the reality, it is clear that the new era of online conveyancing is going to be very beneficial for house buyers and sellers looking to cut down their costs.