By Legal Futures’ Associates SearchFlow
SearchFlow – the UK’s largest provider of legal due diligence data for residential and commercial property transactions – has announced that Lifetime Legal has adopted its innovative Continuity Property Solution to provide its panel with a viable alternative to traditional search packs, and therefore speed-up the overall residential conveyancing process.
With property searches currently taking longer due to increased market demands, the SearchFlow Continuity Property Solution includes all the vital elements required to complete property transactions and guarantees delivery within as little as five working days, so property transactions can progress without delay.
Lifetime Legal has added the SearchFlow Continuity Property Solution to its proposition, enabling all its panel clients to benefit from the data-driven service and the fast, guaranteed delivery of data that will reduce the risk of sales chains falling-through and help as many homebuyers capitalise on the Stamp Duty Land Tax holiday that is in place until the end of March 2021.
Robert Sendall, Managing Director of Lifetime Legal said, “The SearchFlow Continuity Property Solution is an answer to today’s property ‘log jam’ issue. In the current climate, speed and certainty are a priority for buyers and sellers. Buyers want to make sure they can capitalise on the Stamp Duty break and it is a worry for them when they are reading alarming headlines of lengthening transaction timescales.
“By working with SearchFlow to offer our panel clients the Continuity Property Solution, it offers a guaranteed delivery of just five or ten days, depending on whether a Premium or Priority order is placed. We expect this to be a real lifeline to many people looking to buy a new home before the end of March 2021.”
Dr Tom Quirke, Managing Director, SearchFlow, added, “Our Continuity Property Solution fills a very important and timely gap in the market for maximum due diligence that will keep transactions moving forward, with the assurances that a £1m indemnity the policy provides. For law firms and conveyancers who are struggling with increased demands, this provides a timely and effective remedy. We are therefore delighted to be working with Lifetime Legal.”
The SearchFlow Continuity Property Solution is a data-backed insurance policy that has a £1m indemnity. It also includes quality-assured data from a current and long-term historic database, and gives property lawyers and conveyancers what is needed to keep transactions flowing. It also includes additional due diligence in the form of an Environmental Report, Mining Search and Chancel Repair Liability policy, making it a workable alternative to traditional search packs.
The Continuity Property Solution is in two forms: CPS Premium is delivered within 10 working days and the CPS Priority is delivered within five working days.
For more information on SearchFlow, call 0870 423 2922, email sales@searchflow.co.uk or visit info.searchflow.co.uk/continuity-property-solution. For more details regarding Lifetime Legal, visit www.lifetimelegal.co.uk.
