By Legal Futures’ Associate Landmark Information Group
Landmark Information, the property, land and environmental data specialist, has introduced a free report re-ordering service on all of its RiskView Residential environmental report orders.
Research from Gazeal reveals that the time it takes to sell a home in the UK has increased by a week in the last year, with large regional variances of up to 20% increases in Luton, for example.
In addition, a recent ‘time to sell’ benchmark study suggested that, on average, it takes between 129 – 176 days to sell a property. This trend can largely be attributed to the challenging market conditions in the UK residential property sector.
As a result of this market trend, Landmark is offering property lawyers the opportunity to re-order a fresh RiskView Residential report at a later stage of the transaction, for no additional fee.
As Landmark’s gold-standard all-in-one legal environment report, RiskView Residential is used by property lawyers to check a wide range of potential hazards on behalf of prospective purchasers. This includes a range of risks including flooding, ground stability, contaminated land and energy & infrastructure.
Chris Loaring, Managing Director (Legal), Landmark Information said, “We recognise that property transactions can take a great deal of time from offer to completion and so, based on feedback we have received from our partners and in light of current market conditions, we believe this free RiskView Residential re-order service will help provide complete peace of mind to home movers.
“They can take comfort in that fact that the very latest search data is being assessed prior to completion, and they are in the most informed position possible ahead of one of the greatest investments they are ever likely to make.
“Whilst Landmark, along with our partners across the property industry, are doing everything we can to make the housing transaction smoother and faster, we also understand that some things are simply out of our control. The onset of emerging technologies is certainly helping to revolutionise the conveyancing process; however, it seems these still haven’t permeated deep enough to drive changes in the overall speed of transactions completing in a challenging market.
“This is why we are offering property lawyers and conveyancers the opportunity to re-order the RiskView Residential report, for free, to ensure the very latest due diligence is being relied-on.”
Landmark Information provides a comprehensive suite of environmental and planning due diligence search reports to property solicitors and conveyancers, for both residential and commercial property transactions.
Terms and conditions apply. For more information regarding RiskView Residential visit www.landmark.co.uk/landmark-legal/riskview-conveyancer, telephone 0330 036 6110 or follow the team on Twitter.