PRZOOM - /newswire/ -
Swindon, Wiltshire, United Kingdom, 2011/07/20 - A conveyancer needs up to 40 hours to complete searches for a large property portfolio. Since Land Registry no longer accepts bulk applications, TM Group has proved it has a valuable alternative service - TMGroup.co.uk.
Ordering and processing Land Registry searches for a large portfolio is notoriously time consuming, especially when there are 600 searches involved. Although ordering a single search manually may only take around 4 minutes to order, this amounts to around 40 hours which equates to a solid week of constant effort, when there are a large quantity to complete. And each result still has to be printed and filed into the case.
The Land Registry no longer offers a bulk application service for Official Copies (OC1), SIM and OS1 priority searches. However, as a recent customer discovered, using TM Group’s unique automated service, simply emailing a completed order form, was enough to place the request with TM and, within just 2 days, all the searches had been ordered, printed and returned to their desk.
This large law firm told TM: “we were under a lot of pressure to manage this matter quickly for our client. If we had had to order all the searches ourselves, it would have taken at least a week. Using TM’s Portfolio Service is invaluable, it saved us both time and money for our client and meant that we could concentrate on other elements of the case without worrying about the administration effort needed to manage these searches.”
Example timings for a portfolio of 600 searches using TM Group’s Portfolio Service:
• Emailed order received on Thursday morning;
• TM confirmed the order within 30 minutes;
• Within 2 hours, all the searches had been submitted;
• On Friday morning the results were printed and despatched in batches;
• The last batch was despatched on Monday and received on Tuesday morning.
According to the Land Registry enquiry line, although the Land Registry still offers support for bulk applications to register transfers and charges, it has withdrawn its bulk applications service for official copies and priority searches.