tmgroup announce unique time-saving conveyancing portfolio tool

tmgroup announce unique time-saving conveyancing portfolio tool

tmgroup have announced the launch of a unique new time-saving tool for conveyancers, specially designed for undertaking bulk orders of title information across a portfolio of properties.

The unique register extract tool takes all of the addresses in a portfolio, returns the title numbers and orders the relevant Official Copies from Land Registry (LR), returning them in a practical format for conveyancers to use.

The tool, endorsed by Legal Eye Ltd., is the first of its kind and will streamline the processing of portfolios for conveyancing firms & housing associations, helping them save several hours each time, as well as improving the accuracy and flexibility of the data.

Jaunita Gobby, Managing Director, of Legal-Eye Ltd. comments:

“Legal Eye (subsidiary of ULS Group) conducted an extensive audit of the tmgroup Land Registry register extract service. The information on the tmgroup Land Registry register extract service was cross-referenced with the Official Copies (OC1s) and the data was 100% accurate.”

Market research conducted by tmgroup found that conveyancers typically spend around 4 hours ordering titles and OC1 documents on an average portfolio and so developed the tool to enable conveyancers to reduce this down to just minutes.

Speaking about the new tool, tmgroup Marketing Director Ben Harris said:

“As part of tm’s commitment to streamlining the property transaction, we’re delighted to announce the launch of this new and unique tool. We have collaborated with some of our key clients to develop this exciting piece of technology and we are proud to continue to innovate and develop new services which will save conveyancers lots of time and streamline what is currently a very manual process.”

Another challenge that tmgroup market research revealed was that conveyancers often employed dedicated staff to spend days manually transferring the data contained within Official Copies (OC1s) into spreadsheets for analysis and future reference. However, the new tool exports this data for conveyancers accurately into an easy-to-use format.

Juanita Gobby said: “Considering the fact that OC1s are lengthy documents with very detailed specific information, the audit has shown that the service is able to accurately pull through the exact information from the registers onto its portal so as to make it more user friendly and accessible to its clients.

“The tm summary screen gives a helpful indicator to detailed information contained within the OC1 which lawyers can then refer to. In our opinion lawyers should feel satisfied that the information provided on screen via the LR feed matches the information relied upon in the OC1s.”

To learn how your firm could benefit from this new, unique property tool call tmgroup on 0844 249 9217 or email portfolioteam@tmgroup.co.uk.

This article was submitted to be published by tmgroup 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.

tmgroup

https://www.tmgroup.co.uk/%20

tmgroup make the complexities in the property transaction beautifully simple; bringing together over 20 years’ experience as a leading provider of property searches, as well as related data and technology services, to support all connected parties across the chain – including residential conveyancers, real estate professionals, and estate agents – with the latest, innovative solutions to help improve communication, efficiency and collaboration. Thinking about switching? You’re in safe hands… To date, tmgroup have successfully processed over 20 million property searches. In addition, tmgroup holds ISO 27001 certification, Microsoft Gold Partner and Investors in People status, ORB (Organisation of Responsible Businesses) membership, and regularly receives great client feedback, including;

  • “The team are unfailingly helpful.” – Marina Wickens, Legal Director at Foot Anstey LLP.
  • “Easy to navigate and very simple to order. I love the choice of searches available. – Jane Stark, Partner at Rainbow Law.
  • “Thanks to tmgroup’s time-saving technology, we’ve significantly reduced the admin time per transaction, and this has helped our team work far more efficiently.” – Arash Dinari, Head of Commercial Property at Wolferstans Solicitors.
If you want to talk through any of the above, please get in touch directly with Martin Manning, Head of Account Management, on 07747 216424. Key Services
  • Residential Services include: Mapping Solutions, New Build Services, Risk Management, Quote tool, Consumer portal, Post-Completion, and mio Chain View
  • Commercial Services include: Premium, Managed Services, Land Registry Extract, Portfolio Service, Mapping Solutions, Post-Completion, and Risk Management
Address 1200 Delta Business Park Swindon Wiltshire SN5 7XZ Key Contact Name: Martin Manning Tel: 07747 216424 Email: Martin.Manning@tmgroup.co.uk Linkedin Acc: https://www.linkedin.com/in/m-manning

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