tmgroup’s Land Registry tool saves ‘tiresome, repetitive job’ for commercial conveyancers

tmgroup’s Land Registry tool saves ‘tiresome, repetitive job’ for commercial conveyancers

A Manchester law firm, BBS Law, has saved days of intensive administrative work by using tmgroup’s Land Registry Register Extract Tool when processing property portfolios. BBS Law are a boutique commercial law firm of choice and provide proactive, lateral thinking, efficient and cost-effective advice.

Partner Daniel Berger (pictured) heads up the property department, which has acted for substantial real estate clients for many years. The highly skilled property team delivers advice on a wide variety of property transactions and issues. However, with the undertaking of property portfolios, there was one particular process which caused BBS Law problems. Daniel said:

“Whenever we’ve undertaken a property portfolio, we’ve always found the bulk order of title information from the Land Registry to be a tiresome and repetitive job.”

Ordering title information from the Land Registry for just one or two properties can sometimes be a cumbersome affair, let alone when processing a portfolio of 50, 100 or 1000 properties. Daniel continued:

“The process generally holds up one of our secretaries for at least half a day to work on it and that’s just for a relatively small portfolio.”

However, with larger portfolios the administrative work scales dramatically because much of Daniel’s time was taken up by manually interpreting the initial plans and deciding which title numbers to order registers against.

The Land Registry tool, which was created by tmgroup as part of a collaborative development with existing clients, helps solve this issue by integrating with the Land Registry to bulk order title information and export it in a manageable, easy to use format. Speaking about his initial experiences with the unique service, Daniel said:

“We instantly saved more than half a day of processing time and received the information online in one go in a really easy-to-use format which did away with all of the hassle usually involved with interpreting the data. I would absolutely recommend tmgroup’s LR Extract Portfolio Service to any conveyancing firm undertaking a property portfolio.”

The service has also been independently verified by Legal Eye, a leading provider of best practice, risk management and compliance services to the legal services market. Managing Director, Jaunita Gobby said:

“Legal Eye (subsidiary of ULS Group) conducted an extensive audit of the tm LR Register Extract Service. The information was cross-referenced with the Official Copies (OC1s) and the data was 100% accurate.

“The audit has shown that the service is able to accurately pull through the exact information from the registers onto its portal so as to make it more user friendly and accessible to its clients.

“The tm summary screen gives a helpful indicator to detailed information contained within the OC1 which lawyers can then refer to. In our opinion lawyers should feel satisfied that the information provided on screen via the LR feed matches the information relied upon in the OC1s.”

The tool is available now for commercial conveyancers through tmconvey. Visit https://www.tmgroup.co.uk/convey/LRExtractTool to learn more.

This article was submitted to be published by tmgroup 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.

tmgroup

https://www.tmgroup.co.uk/%20

tmgroup make the complexities in the property transaction beautifully simple; bringing together over 20 years’ experience as a leading provider of property searches, as well as related data and technology services, to support all connected parties across the chain – including residential conveyancers, real estate professionals, and estate agents – with the latest, innovative solutions to help improve communication, efficiency and collaboration. Thinking about switching? You’re in safe hands… To date, tmgroup have successfully processed over 20 million property searches. In addition, tmgroup holds ISO 27001 certification, Microsoft Gold Partner and Investors in People status, ORB (Organisation of Responsible Businesses) membership, and regularly receives great client feedback, including;

  • “The team are unfailingly helpful.” – Marina Wickens, Legal Director at Foot Anstey LLP.
  • “Easy to navigate and very simple to order. I love the choice of searches available. – Jane Stark, Partner at Rainbow Law.
  • “Thanks to tmgroup’s time-saving technology, we’ve significantly reduced the admin time per transaction, and this has helped our team work far more efficiently.” – Arash Dinari, Head of Commercial Property at Wolferstans Solicitors.
If you want to talk through any of the above, please get in touch directly with Martin Manning, Head of Account Management, on 07747 216424. Key Services
  • Residential Services include: Mapping Solutions, New Build Services, Risk Management, Quote tool, Consumer portal, Post-Completion, and mio Chain View
  • Commercial Services include: Premium, Managed Services, Land Registry Extract, Portfolio Service, Mapping Solutions, Post-Completion, and Risk Management
Address 1200 Delta Business Park Swindon Wiltshire SN5 7XZ Key Contact Name: Martin Manning Tel: 07747 216424 Email: Martin.Manning@tmgroup.co.uk Linkedin Acc: https://www.linkedin.com/in/m-manning

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