Shakeup in conveyancing with more tech startups
Conveyancing startup When You Move became the latest entrant to the e-conveyancing market last week when founders Peter Goodman and Simon Bath obtained an alternative business structure licence from conveyancing regulator the CLC.
The firm’s announcement describes it as ‘the UK’s first technology-led conveyancing service aimed at revolutionising the process of buying and selling property’.
The announcement states that When You Move’s proprietary cloud software platform and mobile app will give estate agents, brokers and consumers ‘full visibility of conveyancing status in real time’.
The app will be free to use for consumers, and brokers will not be charged a subscription fee.
Meanwhile, a free, e-conveyancing portal will be unveiled on 5 February.
Free2Convey, developed by Pracctice Limited, has the backing of the Legal Software Suppliers Association, which provides software to around 90% of UK law firms.
Features include a ‘real-time’ conveyancing chain view, online virtual deal room and party verification.
Pracctice Ltd director Matthew Lancaster, who is also LSSA chair, said it was a ‘really exciting and vibrant time for conveyancers’ who were ‘really being pushed forward from a technology point of view’.
Lancaster said: ‘Conveyancers are seeing an increase in their workloads and the first thing they consider is efficiency.
‘It’s a very competitive market. Firms have to work efficiently because they do not want to increase their overheads, but they also need to be competitive on price.’