Progress in AI: Evaluating ChatGPT’s Advancements in Conveyancing Advice
The Evolution of ChatGPT: Progress and Limitations in Legal Guidance
In a world increasingly guided by artificial intelligence, the advancements in tools like ChatGPT have sparked discussions about their effectiveness in specific fields, including legal advice for first-time home buyers. A recent evaluation carried out by Bird & Co, a conveyancing firm in the East Midlands, highlights both the progress made by the latest version of ChatGPT—ChatGPT-5—and the limitations that still exist, particularly in conveying essential legal considerations.
A Step Forward
When Bird & Co first assessed ChatGPT two years ago, they encountered a range of shortcomings. The system provided acceptable responses to general queries but stumbled significantly on complex issues such as stamp duty and first-time buyer ISAs. Fast-forward to 2023, and the firm decided to put ChatGPT-5 through its paces. The results were markedly improved.
ChatGPT-5 presented “fuller and more structured explanations,” offering clarity that made intricate subjects more accessible. The AI began to exhibit a greater understanding of users’ needs by asking follow-up questions, which is crucial in a field where nuanced understanding can make a world of difference. Additionally, the responses included tailored, country-specific legal advice relevant to the different regions of the UK.
Persistent Pitfalls
Despite these advancements, the assessment revealed ongoing limitations. One critical finding was that the AI continued to misrepresent the stipulations surrounding stamp duty relief, failing to incorporate important changes coming into effect in April 2025. This oversight could potentially lead first-time buyers to make uninformed decisions based on outdated or inaccurate information.
Furthermore, while ChatGPT-5 provided a good general overview of the home-buying process, it tended to simplify the complexities involved. The role of solicitors was only brushed upon, with the model not emphasizing the importance of independent legal advice adequately.
As the Bird & Co report stated, “More information is needed on the importance of independent legal advice when buying your first property.” The implication here is clear: while AI can provide a wealth of information, it cannot replace the nuanced guidance that an experienced solicitor offers.
A Complementary Tool
Daniel Chard, a partner at Bird & Co, emphasizes that while ChatGPT-5 signifies substantial technological advancement, it is still best viewed as a supplementary resource rather than a replacement for professional legal advice. "Real value" lies in utilizing AI tools alongside solicitors, ensuring that clients receive both structured information and the personalized guidance necessary for successful property transactions.
Conclusion
The evolution of ChatGPT from its earlier versions to ChatGPT-5 indicates real progress in AI’s capability to assist with complex legal queries. However, it serves as a reminder that while technology can enhance accessibility to information, the intricacies of legal matters still require the expertise of trained professionals. As AI continues to develop, it remains crucial to ensure that clients understand the importance of independent legal advice in navigating the home-buying process. In the realm of property transactions, the blend of human insight and AI-generated data could pave the way for a more informed and empowered buyer experience.