Industry first as Search Acumen launches real-time planning data for property lawyers and their clients

Industry first as Search Acumen launches real-time planning data for property lawyers and their clients

  • Commercial Real Estate platform – ForeSite, now displays approved, pending, denied and withdrawn planning applications to assist legal firms acting on property transactions
  • Feature shows current and historic applications dating back to 2008 to highlight potential planning risks within a user-defined radius
  • Multi-purpose data can also help property lawyers and their clients assess patterns of planning approvals, and assist with development sites to identify potential restrictions
  • Upgrade is the latest in a series of enhancements to fast-track access for lawyers and their clients to essential data and insights to complete legal due diligence on property investments

Search Acumen, the property data insight and technology provider, has upgraded its Commercial Real Estate platform – ForeSite, to provide the legal sector with real-time access to planning applications data for the first time.

The enhancement means solicitors and commercial property lawyers can now view live planning data as part of the due diligence process. This unprecedented insight acts as an early warning system to notify clients of potential risks before they commit to purchasing a property. It allows the lawyer to identify and act upon current and historic applications that might otherwise affect a client’s property, either while the transaction is in progress or in future once the purchase is complete.

Search Acumen’s ForeSite platform now displays all planning applications available via Local Authorities websites, including approved, pending, denied and withdrawn applications.

Real-time access to this information in visual format can also support the planning process itself.  Planning Lawyers can use the tool to identify where approvals have been granted, look for patterns within a specific location, understand potential restrictions on local developments and assess what planning documents will be needed to support their own applications.

As well as reviewing the status of planning applications alongside a host of related property and land information, the CRE platform allows the data to be downloaded by legal assistants to be interrogated away from the platform by paralegals or fee earners.

The availability of planning data is customisable according to legal firms’ preferences, with users having the option to either enable or disable it from displaying as part of the due diligence process. Users can also define a specific search area around the property or land in question to identify nearby planning applications. To ensure maximum accuracy and avoid capturing irrelevant data, the search area matches the exact shape of the transacted title rather than relying on a default circular radius.

This upgrade follows the recent addition of wide-ranging new property and environmental datasets by Search Acumen to the platform, which is the UK’s first integrated due diligence tool for managing property transactions. The platform helps property lawyers make faster assessments of risk and act earlier on behalf of clients, by giving them instant access to data that would otherwise take weeks to source from multiple unconnected sources. It also enables a full portfolio of property searches to be managed in one place.

Andrew Lloyd, Managing Director at Search Acumen comments:

“We’re constantly thinking ahead to see how the hard graft and legal legwork that goes into acting on commercial property transactions can be made faster, more accurate and more insightful through better use of technology and access to data. We’ve worked closely with law firms to pinpoint where their pain points are and develop solutions to make the legal process better.

“The risks associated with nearby planning developments are many buyers’ worst nightmare, so we’ve removed the threat of unwanted surprises later on in the transaction process by giving legal professionals and developers all the relevant information up-front. With these planning insights at their fingertips, legal professionals can immediately act to take appropriate steps to mitigate risk and give their clients a complete and accurate picture of nearby factors that might affect their property investment.

“In today’s pro-planning political climate, the data can also equip developers to understand the application history of an area and act quicker to identify potential avenues for new building projects – making the planning process faster and more efficient.”

This article was submitted to be published by Search Acumen as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Search Acumen

Next Generation Data

Whether your property transaction is big or small, commercial or residential; you can rely on us for accurate property data. We collaborate with forward-thinking law firms who have an appetite to use authentic data in consultation with their clients. Our relentless focus on the next generation of property law, means all our customers already benefit from our easy access instant data, saving them critical time and resource.

What we do

We provide more than 40 layers of essential property data, digitally and on-demand through our intuitive ForeSite Platform. Our advanced system allows our customers to analyse real estate sites before the purchasing process has even started. Early warning indicators create a highly efficient consultation process between our customers and their clients, significantly improving the purchasing experience.

What makes us different?

Our customers choose us and stay with us because we’re different. They like being part of our community because our vision for the market allows us to deliver future proofed innovations which is good for their business. Here’s some examples from the past twelve months that have helped us receive recognition as thought leaders in the property data space:
  • Data Snapshot - An instantly available property report that Conveyancers and Commercial Real Estate Lawyers can use to mitigate risk from the outset of their due diligence.
  • AI & Machine Learning - We’ve developed our own Machine Learning tool using Amazon based AI which is specifically designed for the property data industry.
  • Blockchain - We continue to work with industry leaders in the Blockchain Technology space to create positive change and we were the sole property data provider in the UK’s first Blockchain property trial (2019).
Contact: Sam Jordan Tel: 01622 478843 (ext 4460) Email: Address The Maidstone Studios, New Cut Road, Vinters Park, Maidstone, Kent ME14 5NZ

Leave a Reply

Your email address will not be published. Required fields are marked *