Leading property data and service provider tmgroup have announced that just 3 weeks after launching their new LR extract property portfolio tool they have made further improvements to save conveyancers even more time.
The Land Registry Register Extract Tool helps conveyancing firms save days of administrative processing when bulk ordering registers and plans from the Land Registry as part of a property portfolio.
It was created by tmgroup after they found that bulk ordering OC1 documents was an arduous and time-consuming task for many property solicitors and were able to take advantage of their access to the Land Registry’s Business Gateway to create this unique service.
Daniel Berger, a partner at BBS Law – a commercial property lawyers in Manchester – said this after using tmgroup’s LR Extract Tool:
“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.”
When initially launched, the tool was designed for conveyancers to upload any number of postcodes or addresses before checking them against the Land Registry’s database and returning title information.
However, after early feedback suggesting an enhancement that would save conveyancers even more time, tmgroup reacted to customer requests to allow conveyancers to upload title numbers where known as well and then simply order registers and plans against those.
Ben Harris said:
“We met with our prime commercial customers and then developed this tool to meet their needs and in the first three weeks since launch over half the firms we have met with have signed up to use the service straight away, confirming that our customer led innovation is as strong as ever.”
If you would like to learn how you could save time on a commercial property portfolio, visit /convey/LRExtractTool