Upfront due diligence data to provide ‘valuable information’

SearchFlow has announced the introduction of an enhanced data-led service that provides property lawyers with advanced location insights.

The aim is to give property lawyers access to rich mapped data on SearchFlow’s platform so that they can quickly understand the complexities of a site or address at the outset.

The Premium Data Layers service gives lawyers site-specific insight, making it easier to identify any potential issues, opportunities, environmental risks or constraints at the earliest stage, reducing likelihood of discovering matters of concern later in the process.

The Premium Data Layers service offered by SearchFlow, one of the UK’s largest providers of legal due diligence data for residential and commercial property transactions, is powered by geodata service Promap, which collates information relating to any property or real estate professional.

Promap provides on-demand access to a full range of authoritative land and property datasets collated from statutory and best in class providers.

This service gives lawyers important site-specific insight, making it easier to identify any potential issues, opportunities or constraints at the earliest stage reducing likelihood of discovering matters of concern late in the process.

Lawyers can instantly review planning applications to build a picture of site history or potential surrounding risks or assess ownership and lease status to request informed Land Registry Searches.

The environmental and constraints data includes the major land classifications from Greenbelt and Areas of Outstanding Natural Beauty to Nature Reserves and Scheduled Monuments. Property-level information includes listed building status and sale prices complete the picture while the tools to download data support clear analysis and communication with clients.

Dr Thomas Quirke, managing director of SearchFlow, said: “Property lawyers are the ultimate arbiters of risks in the transaction process, so our Premium Data Layers mapping technology has the power to flag potential issues, uncovering accurate and vital information on the surrounding area. This helps to keep clients best informed about concerns and critical issues.

“The information can be used for decision making, on whether or how clients should bid for a site, for example. This is extremely valuable information that clients rely on their lawyer to provide swiftly; our Premium Data Layers mean the data is available far earlier in the process, saving clients weeks of potential delays or escalating costs. Forewarned is forearmed as they say.”

x

Email the story to a friend



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.