Conveyancing nirvana might be the perfect contract pack says Rob Gurney, Managing Director of Ochresoft in the latest Today’s Conveyancer podcast. Rob discusses how the desire for speed has created a rod for our own backs when it comes to transaction timelines.
There is this onus on getting the contract out to the other side as quickly as possible, without all the information a conveyancer knows we need to supply. All that means is that contract packs go out with very little information on – which inevitably comes back to the vendor’s lawyer as additional enquiries.
If we can gather all the information the buyer’s lawyer is going to ask for, before they’ve even asked for it, we can reduce or eradicate the additional enquires process; that’s conveyancing nirvana says Rob.
Rob also talks about up front information and the current challenges in actually being proactive with the information collated if the vendor’s lawyer isn’t instructed at the point of listing. This is where some of the work Ochresoft has been doing comes in; their Up Front Information (UFI) workflow. The ability to analyse UFI automates the production of a Key Facts document for estate agents to enable them to comply with National Trading Standards Estate and Letting Agent Team’s Material Information requirements, including the recently published parts B&C (although the podcast was recorded before the exact details of Parts B&C were confirmed).
The overriding sentiment in the discussion is that collecting data is only one part of the process for change; there must be a shift in mindset to bring the conveyancer into the transaction at an earlier stage, to enable the initial investigation work to be done, interpreting the information collected and deliver a better quality contract pack at the outset.
As the famous saying goes, more haste, less speed.
The Today’s Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views.
The Today’s Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views.
One Response
I tried to do this about 15 years ago. Wrote to every local estate agent but received not one reply.