Big Property Data becomes the fourth live NLIS Channel to provide authoritative, electronic land and property searches to the conveyancing market.
Land Data, the National Land Information Service (NLIS) regulator, has today announced the Big Property Data (BPD) NLIS channel is live and fully operational, delivering authoritative property searches to its conveyancing clients. Big Property Data joins the three existing live NLIS channels, SearchFlow, Thames Water Property Searches and Index.
Big Property Data utilises big data analytics technology to provide conveyancing and property reports to the conveyancing and home-buying market. Through its cloud based ‘proptech’ tool over 150 different datasets, containing more than 300 million points of information, are used to compile the reports using data from authoritative sources including NLIS, HM Land Registry (HMLR), the British Geological Survey and Ordnance Survey.
As a licensed NLIS channel, BPD’s ‘proptech’ solution can plug, via NLIS, in to authoritative data from source at every single Local Authority in England and Wales as well as the Coal Authority, HMLR and water companies. The result is legally compliant digitised reports, compiled quickly and securely using the only regulated electronic land and property information portal in the market.
Jan Boothroyd, Chief Executive of Land Data comments: “BPD is a welcome addition to NLIS. The company’s business model uses big data analytics applications which promise to improve operational efficiency in the market, all very welcome at a time when the Government is looking for ways to enhance and improve the conveyancing process.”
BPD co-founder Lorenzo Tejada-Orrell commented: “Our vision, in creating Big Property Data, is to help bring the property search process into the 21st Century, by providing the kind of efficient, current and reliable tool that has long been needed. NLIS is a vital partner in assisting us to do this in a regulated and compliant way, resulting in a ‘next-generation’ solution. We look forward to working closely with NLIS over the coming years.”
NLIS was established 16 years ago and is the only government approved and regulated electronic land and property searches portal in the market.
Companies interested in acquiring an NLIS Channel licence can register their interest at www.nlis.org.uk/nlis-channel-licences