InfoTrack has released content updates to Property Report, the only search data-driven report on title solution in the market. Solicitors can rely on Property Report to provide content tailored to their Title Registers, Conveyancing Searches and Land Tax, in line with HMRC guidance.
Solicitors select applicable tenure types including Freehold, Leasehold, New Build, Shared Ownership, and Underlease, and the report automatically inserts or removes components based on relevancy. The ability to extract data directly from complementary Title Registers means solicitors will no longer be required to copy and paste covenants, easements or Rentcharges. Pre-populating data from integrated Environmental Searches, Property Report also assesses the results’ risk ratings and any further hazards found in the vicinity of the property.
Reporting on SDLT is a complex process – Property Report uses automation to relieve the burden from law firms. Extracting information from the SDLT draft, Property Report presents client-friendly, pre-written content covering the tax due, relief claims, and transaction details such as Linked Transactions and Shared Ownership options. For Welsh properties, the system includes new content for Land Transaction Tax, with Welsh postcodes recognised automatically.
Adrian Noble, Managing Director at Key Legal, comments, “It is clear that the system has been designed with the conveyancer in mind and is a significant time-saving tool. I have been completely sold on the benefits of Property Report. The report can be entirely amended as required and is updated in real time so that you can actually see how your amendments will appear within the report.”
Scott Bozinis, Chief Executive Officer at InfoTrack, says, “Using Property Report provides transparent communication channels with your client, including disclaimers to mitigate risk for your firm and keep the buyer fully informed. InfoTrack’s automation allows conveyancers to apply their expertise and review SDLT information before purchaser-approval. Reporting on SDLT and Environmental Search data is no longer a time-consuming and complex task.”