A brand new, hotly anticipated electronic conveyancing portal has this week been rolled out across England and Wales.
Veyo, a joint venture between The Law Society and IT firm Mastek (UK) Ltd, aims to make the conveyancing process simpler and faster by bringing together all processes, checks and documentation in one place electronically. The portal will allow solicitors, licenced conveyancers, estate agents, lenders and homeowners to communicate effectively and facilitates the conveyancing process through established protocols.
Desmond Hudson, chairman of Veyo, said:
"This initial go-live of Veyo marks the start of an exciting revolution in the conveyancing market. As an industry-first it's crucial that we roll the product out strategically and our regional, targeted approach ensures that we can build a solid foundation in which the Veyo community can grow.
"The company is set to transform the whole market."
Firms that wish to use Veyo with their existing systems will be able to integrate the required elements of Veyo's services, subject to collaboration with their system's provider. For firms that don't have any electronic systems in place, Veyo can provide a fully functional case management system tailored for residential conveyancing work.
If you're thinking about selling or buying a home, contact our conveyancing solicitors on 01625 522 429 for advice.
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