Chain management technology tool ViewMyChain has announced an integration with the National Logbook Register to enable those involved in the transaction to check if a property has an associated logbook.
The National Logbook Register is a record of logbooks associated with a property and has been developed by the Residential Logbook Association; the industry body representing property logbook providers. The ViewMyChain integration allows estate agencies to check if a property has a Logbook available, and if there are any data packs linked to it – for example a Sellers Pack, a Lettings Pack or a Retrofit Plan.
Momentum behind logbooks appears to be building with trials on-going with law firms and the Home Buying and Selling Group’s Logbook Working Group continuing its work on agreeing standardised inclusions and data formatting. Meanwhile a trial in Birmingham is exploring the value of “lettings logbooks” which includes tools to help Landlords identify compliance requirements in different council areas and assemble required data and documentation, and help councils identify rental properties outside of selective licencing areas whose certification and documentation is non-compliant and issue pre-enforcement notices.
ViewMyChain is a chain management tool enabling visibility of chain status and milestone updates for estate agents, conveyancers, and mortgage brokers. Commenting on the tie up Paul Halliwell, Executive Director at ViewMyChain, says:
“Being able to flag to both parties in a transaction that a logbook exists, and is available to view will, increasingly become the norm. We’re continuously expanding our data partner circle, to give all parties in the chain sight of as much information as possible. This latest integration with the RLBA is just another example of our commitment to chain transparency.”
Nigel Walley of the RLBA added.
“This is the reason the National Logbook Register was built – to allow agents and conveyancers to validate the identity and ownership of any digital logbooks presented as part of a deal. The more knowledge all parties in the chain can share, the more owners and occupiers can take control of their home’s digital life.”
Walley recently appeared on the Today’s Conveyancer podcast to discuss the work of the Residential Logbook Association, and its members, in being part of the digitisation of the property market. In the podcast he explain what a property logbook is and the progress being made to encourage adoption; and covers what the Residential Logbook Association is, how it came about, and what its plans are for future regulation and innovation. Listen in to the podcast below
