TM Group – June 2024 Product Bulletin

What’s changing?

Click on the headers below to learn more about upcoming product changes.

New:

Verify 365 digital onboarding and AML checks now available through tmconvey and tmconnect

Enhancements to Landmark climate change report

Upcoming LLC changes – the next to digitise

Reminder: 

Making money transfers safe for law firms with confirmly

Price increase in Highways searches from 1 May


New: Verify 365 digital onboarding and AML checks now available through tmconvey and tmconnect

Verify 365 is an award-winning technology platform, designed by lawyers for lawyers, that delivers seamless digital client onboarding, KYC and AML ID checks for property and conveyancing firms. It is now integrated with tmconvey and tmconnect, so you can perform all your client onboarding checks and conveyancing transactions via one digital platform.

Fully compliant with HM Land Registry Digital ID Standards and the Solicitors Regulatory Authority frameworks (SRA), it’s the simple and convenient way to stay compliant, streamline your processes and quickly onboard your conveyancing clients – all with no upfront costs or monthly fees.

To find out more or book a demo, visit Verify 365 – TM Group

 


New: Enhancements to Landmark climate change report

 

From 6th June 2024, the Landmark Climate Change report has received an upgrade.

The Landmark Climate Change report is designed to provide an overview of predicted future risk using a data baseline from UKCP18, the most authoritative UK climate projection data.

Utilising cutting-edge polygon search technology, these reports deliver unparalleled precision, ensuring you have the most accurate information at your fingertips.

New features include:

  • A report on title summary page for ease of use and clarity of risk assessment
  • A polygon search functionality, which allows for finer granularity and precision in reporting, extending even to agricultural land.
  • Intuitive format providing clear & appropriate explanations with advice and recommendations
  • Mapping & graphics to enhance understanding of potential risks.

All orders placed from 6th June 2024 will receive the newly enhanced reports. To find out more, visit Exploring the Evolution of Landmark Climate Change Reports: What’s New? – Landmark Information Group

 


New: Land Registry LLC1 changes

As you may already be aware, the following will be digitising their LLC data:

  • South Gloucestershire Council –  1 July
  • Medway Council – 12 July

Just a reminder, the following have recently digitised their LLC data:

 

What will happen with the orders I place?

For tmconvey customers, the process for ordering an LLC1 from these councils remains exactly the same. You’ll just notice some differences in the way your results are returned:

– Your LLC1 result will be returned faster than normal (typically within 24 hours), as the report will be processed via the new LR Digital Register

– There will be some changes to the LLC1 report format, as the data will be returned from Land Registry – instead of your Local Authority

– The LLC1 and CON29 will be billed separately and appear on separate lines of any invoices you receive

– Free Refresh : Once your LLC1 has been returned, you can also benefit from a free refresh of the results – at the press of a button.

– The CON29 will continue to be returned as it always has been in accordance with the Local Authority turnaround time, as specified at the point of order.


 

Reminder: Making money transfers safe for law firms with confirmly

confirmly is a fast, trusted and secure law firm identity checking technology, specifically designed for law firms to tackle rising levels of fraud in the industry.  We have now added confirmly as a tile solution to our tmconvey and tmconnect platforms. Through this integration, our customers will now have even easier and quicker order access to the confirmly identity checking technology, enabling an even more efficient conveyancing journey to all stakeholders in a property transaction and helping to deliver a more secure and efficient journey.

confirmly harnesses LMS Panel Link and specialist third party data to provide real-time monitoring for law firms, enabling automatic account detail verification before any funds are transferred, thereby reducing the risk of falling victim to scams. With millions of pounds transferred daily, verifying details before conveyancing funds are released is crucial to preventing fraudsters from exploiting borrowers in the process.

What makes confirmly different?

– The data that sits behind the technology is obtained through LMS Panel Link, a service that connects mortgage lenders with legal firms who meet specific quality, security and compliance criteria

– Information is constantly updated and checked through 1000s of direct interactions each year

– Law firms can be notified straight away if they have been involved in a data mismatch

– Relied upon and trusted by lenders

– Proactive updates and monitoring

– An indemnified service that provides that extra peace of mind

– SRA alerts, including those for fraud.

 

 


Reminder: Price increase in Highways searches from 1 May

We’ve reviewed the cost changes made by the Local Authorities for these searches during April and will be applying price changes to the platform from 1 May.