Andrew Lloyd, Managing Director of Search Acumen, comments:
“With the launch of the Local Land Charges (LLC) digital register, Liverpool’s property market is set to enter a new age of efficiency. The newly digitised data will provide solicitors with instant access to data needed to carry out due diligence for homebuyers and sellers, which they could have previously waited weeks to receive. This will save buyers and sellers weeks of administrative angst and will also reduce the risk of transactions falling through.
“Liverpool’s property market has already boomed in recent years, nearing an annual valuation of £1bn in 2017, a 124% growth in just five years. As the city becomes one of the first regions to benefit from a streamlined property transaction process, the housing market could be set to attract even further investment.
“As HM Land Registry rolls out the digitised service across England and Wales, homebuyers, sellers, estate agents and solicitors will be set to save millions of unnecessary days spent waiting for vital information to finalise property sales and purchases. We truly believe this revolution will transform the process of buying and selling property in the UK.
“Search Acumen has long championed the practical benefits of opening up property data for law firms and homebuyers, and we’re excited to work alongside HM Land Registry to make Liverpool’s switch-on a success.”