Terrafirma launches The Assure, a low-cost pre-screening certificate for mining and ground stability hazards

Terrafirma launches The Assure, a low-cost pre-screening certificate for mining and ground stability hazards

– Environmental information and data intelligence provider aims to combat growing property search costs with the introduction of a reliable low cost option –

In an aim to challenge growing property search costs Terrafirma, an expert provider of environmental information and data intelligence, has launched The Assure (2018) Certificate, a low cost pre-screening certificate which provides confidence to all parties in the conveyancing process by identifying whether a property is at risk to known mining or natural ground stability hazards.

“Unlike other search providers Terrafirma’s range of mining and ground stability searches start at the pre-screening stage providing a simple free search using spatial data that is property specific to indicate whether a property is as risk,” says Tom Backhouse, founder and CEO, Terrafirma. We estimate that 30% of properties do not require a comprehensive search but recognise that lawyers and our clients still need that seal of confidence, but this needs to in the form of a realistic and cost-effective option.  The Assure Certificate affirms our pre-screening process, is backed by our comprehensive terms and conditions and even provides an extra layer of protection in coal-mining and brine areas.”

Priced at £15 + VAT, the Assure (2018) Certificate is instantly generated by Terrafirma’s TerraSearch property risk platform and is provided when a location is identified to be outside of the ‘Affected Areas’. These ‘Affected Areas’ cover all known and potential mining and ground perils reflecting best practice guidance on mining and natural ground perils in the 25th Edition Conveyancing Handbook.

The TerraSearch platform screens for all mining and natural ground hazards including tin, metalliferous, limestone, chalk, gypsum, clay, brine, Bath Stone, landslips, compressible ground, clay shrink-swell subsidence, soluble rock, running sands and collapsible deposits. If no ground hazards are found an Assure Certificate is issued which is covered by our comprehensive terms and conditions with £10 million Professional Indemnity Policy (per Assure) and a loss of value insurance of up to £50,000 for coal and brine data. The Assure (2018) adheres to The Search Code as regulated by the Property Codes Compliance Board and is available across England, Scotland and Wales.

For further information on the Terrafirma Assure Certificate visit www.terrafirmaidc.co.uk or call 0330 900 7500.

 

This article was submitted to be published by Terrafirma as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Dye & Durham

https://dyedurham.com/

Dye & Durham to discuss the environmental perils Dye & Durham UK is one of the largest providers of property information services in England and Wales, allowing legal and business professionals access to an extensive network of data and insights related to:

  • Environmental and flood
  • Local authority and land charges
  • Planning, drainage, and water
  • Mining and subsidence
  • Chancel liabilities, and much more.
Through our various products, customers can perform CQS standard searches, access Law Society forms, and integrate with HMRC and HMLR through our cloud-based platform. We help firms improve the precision, confidence, and rigour of their operations. Our standardised and automated workflows provide greater operational efficiency and productivity. Our team are leading experts in environmental risk, ground and climate hazards, conveyancing risk and fraud prevention. Bringing together the foresight of Terrafirma, the data expertise of Future Climate Info, and the operational confidence of Lawyer Checker, Dye & Durham provides best-in-class complete due diligence solutions for property transactions. ​Dye & Durham Limited provides critical information services and workflows, which clients use to manage their process, information, and regulatory requirements. The Company has operations in Canada, the United Kingdom, Ireland, and Australia. Key Services: Company Address: Dye & Durham, 2440 The Quadrant, Aztec West Business Park, Bristol, BS32 4AQ , United Kingdom Contact:

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