Accurate, up-to-date local searches are crucial for new homes developers to avoid unnecessary delays and ensure that critical targets are met. No More Excuses for Search Delays!
The most common bugbear is delayed local searches, with some enquiries taking weeks to be returned by local authorities. Lenders and buyers now require search information and accurate data to ensure that lawyers do not source and rely on Insurance Indemnities.
That’s why a large proportion of developers – including some of the biggest players – utilise new homes searches expert Move Reports to fasttrack the search process.
Move Reports is the UK’s only new homes search specialist and can produce bespoke New Homes search results for new builds within 24 hours – provided on a No Exchange No Fee basis together with no site set-up costs for the developer, plot sales or purchase lawyers. No brainer..! All searches are continually updated for Lender approval at no cost.
Not only that, Move Reports believes its search reports are the most accurate on the market – meaning fewer errors and time-consuming follow-up enquiries.
Amanda Giles, New Homes Director at Move Reports, said: “At Move Reports we work with dozens of developers – from the biggest blue-chip operators to SMEs – to prepare all necessary search results in advance so they can be sent out with the Contract Pack or downloaded by the panel firms upon reservation.
“But unlike our competitors, when we receive an order for a plot we do not simply hit send. Our team of vastly experienced property professionals complete final checks to ensure the information we are providing is completely correct at the time of request. “Local searches are a snapshot of where that particular development and individual plot was at a moment in time. We are continuously updating our data as a development progresses, but we want to ensure the information we are providing is as current as it can possibly be.
“A range of changes can affect local searches – there may have been updates to enforcement and contravention notices or house types could have been substituted. Alternatively, agreements such as Section 38 for roads may have changed from pending to signed and registered. “It’s this commitment to accuracy that sets Move Reports apart.” Move Reports’ team of experienced property professionals draw from their commercial and residential experience to prepare a bespoke New Homes Search Pack for every development across the country. Ultimately, it means developers have cash in the bank sooner – and buyers are happier.
Amanda added: “We provide a bespoke service for the new homes market which was developed in conjunction with the top ranked new homes law firms.
“Along with the much-talked-about staff shortages at local authorities, delays with local searches often occur as a result of conveyancers deploying traditional methods that are simply not effective or workable for the new homes market. “Instead, we produce one easy-tounderstand, fully lender compliant report – and we’ll also provide additional details including abutted planning, HS2 information and Coal & Green deal checks to alleviate further enquiries.
“We understand the new homes industry and have built a product that has been used on thousands of sites across the country.” Move Reports is also set up to help developers with tricky part exchange deals involving existing residential stock. The businesses’ vast experience means it can reduce waiting times for local searches on secondhand properties to under two weeks.
Launched in 2002, Move Reports has developed and grown to become the UK’s largest independent search company. The business has significantly increased its number of employees and boasts more than 100 years of combined property industry experience at director level.
Visit www.newhomessearches.com or www.rdr.link/dbg034 for more information
