McVey and Murricane launch "Contactless Conveyancing" service

These are terrible times and while the completion of property-related transactions is well down the list of priorities, when compared to the health of individuals and the nation as a whole, nevertheless McVey and Murricane understand these transactions are important for individuals to feel safe and secure.

As one of the largest providers of property-related legal services in Scotland, McVey and Murricane clearly recognises the impact of the virus on transactions. Often it is the logistics which have been limited by lockdown requirements which mean that transactions do not complete, even where the parties involved want to achieve that.

Again, while these matters are not important when compared to the restrictions faced by individuals and the country, nevertheless anything that maintains economic activity is worthwhile.

ContactlessConveyancing is the key that unlocks so many of those transactions.

How does it work?

Since 2012 McVey and Murricane have been utilising an innovative method called MMiAuthority to ease the constraints and tensions of conveyancing and remortgage transactions.

MMiAuthority is a limited single use authority which has been successfully used in over 100,000 transactions. It has received widespread praise including the Property Law Committee of the Law Society of Scotland. MMiAuthority requires a great deal of organisation to be effective which is provided by the innovative and unique systems used and developed by McVey and Murricane. The systems use a "traffic lights" control to determine whether an MMiAuthority exists for any particular transaction.

ContactlessConveyancing develops the existing MMiAuthority further. As innovators, as well as experts, in Scottish property and lending law McVey and Murricane are always looking at new ways to make the conveyancing process easier for clients and lenders. We invest heavily on innovation as opposed to replicating what has been done for years.

ContactlessConveyancing takes matters one step further. Relying upon an obscure section within existing Scottish legislation it allows for digital documents to be treated as original provided that that digital document is an electronic image of an original wet signed document.

The process has been approved as entirely valid and secure by one of the most senior conveyancing authorities in Scotland.

To find out more about the innovative ContactlessConveyancing service, visit here or contact Fallon Sara Spencer , Principal and Head of Specialist Lending.