New platform aims to speed up conveyancing process
DFI Consulting is to launch a platform aimed at speeding up the conveyancing process in residential sales deals.
The new system could shave as much as two months – and certainly a number of weeks – off the time it takes to get a house purchase over the line once it goes “sale agreed”, according to DFI Consulting director Stephen Curtis.
The new platform is being launched this month and the firm is engaging with larger solicitors’ firms, the Dublin Solicitors Bar Association and the Law Society to introduce it to potential users.
“Residential conveyancing in Ireland takes too long – all stakeholders accept that – but there is no silver bullet that will, in one fell swoop, change things overnight. But a platform like ours to project manage document collection will shave weeks off typical transactions.”
Curtis said the platform would likely appeal to larger solicitors’ practices and that he aimed for it to become a “trusted partner” in the process.
“We want to become a one-stop shop for people to get all the documentation that they need when buying a residential property. That takes the work off them and it speeds things up because we are experienced in getting this documentation and we can get it in a more organised, more systematic way, and on a volume basis,” said Curtis, who has based the system on his experience of buying more than 500 residential properties through the Government’s mortgage-to-rent scheme.
“Solicitors are legal practitioners and not project managers, so we have built a platform that allows solicitors hand over the work associated with obtaining these documents to an outsourced project manager, introducing a bit of certainty to the process.”