Moving home is moving rapidly towards a digital future and one of the ‘casualties’ of this upheaval will be the conveyancing solicitor, whose job is to change radically in the coming months and years.
Regulator the Council for Licensed Conveyancers (CLC) says the biggest shift will be away from pushing forward a sale, and instead focussing on charging clients for advice.
It also predicts that review websites like Trustpilot will soon play a greater role in soliciting instruction from home movers.
“Technology will radically improve transparency for consumers about what they are buying and the progress of their transaction,” the report says.
“Because of the Internet of Things, properties will maintain up-to-date logbooks with little human intervention.”
The regulator also says giving upfront information about a property at the point of marketing – rather than waiting until later – will be key.
The CLC’s new paper on the future of industry traces how the conveyancing process will change, highlighting questions that regulators, lawyers, estate agents, lenders, technologists and others – will have to grapple with.
Chair of the CLC Dame Janet Paraskeva (left), says: “I think many lawyers will be heartened by the prediction that there will be a greater focus on advisory work as the market changes and that it can be used to create a point of differentiation.
“However, while we can predict certain shifts in the market with confidence – such as the inevitable move to electronic conveyancing – how they play out over the next decade remains uncertain.
“I hope this report will fuel a discussion across the property industry and that conveyancers will grasp the opportunity to shape their future.”
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