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EConveyancing Feature

EConveyancing Feature - Faster, safer and cheaper for all

Feature by Lorraine Kane Solicitor and Brian O'Reilly Solicitor on The Legal Column on LateNiteLive with Declan Carty  22nd October 2008

  • What is proposed by EConveyancing is that the entire process of title transfer is carried out online at a secure hub with only the relevant parties i.e the buyer, seller, their solicitors and their lending institution having access.

  • The transaction is fully visible to the parties with an alert system for the lending institution notifying them of any multiple mortgage transactions that may be fraudulent.

  • EConveyancing will be a secure, paperless, electronic, pre-sale to post-completion process.

  • As a Conveyancer I would view this as a positive move allowing solicitors to conduct the business of land transfer quickly and efficiently.

  • The Land Registry/Property Registration Authority as it is now known has already had a rapid and successful rollout of it’s electronic and online services. The Revenue Commissioners also have an online service and both of these are already regularly used by practising solicitors.

  • With regard to rollout:  The Property Registration Authority have already gotten underway with the 1st Phase of ERegistration which is due to go live in early 2009 and the Revenue Commissioners have begun to develop their EStamping project and this is expected to go on-line in early 2009 – this will allow conveyancing solicitors to pay Stamp Duty online and print off certificates/receipt verification payments.

  • All in all interesting times ahead with EConveyancing being anticipated to reduce time, increase efficiency and cut costs to the client.

Fur further information (including links to newspaper articles and Law Society press release, please read details on previous feature here

 

The issues raised in the answer to this NewsTalk listener's question are dealt with in a general way as can only be the case on live radio. Before relying on the advice given in this answer, whether you heard the broadcast or are for the first time reading the issues here please do not rely on the broad advice given. For a detailed professional opinion please consult a qualified legal advisor and for further details read our disclaimer on the Home Page.

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