tmgroup’s Land Registry tool saves ‘tiresome, repetitive job’ for commercial conveyancers
Daniel Berger, partner at BBS Law
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 http://www.tmgroup.co.uk/convey/LRExtractTool to learn more.
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