Product & Service Updates Keeping you up to date with the future of property transactions Groundsure Redesigned and improved Commercial Reports Groundsure have modified the Commercial Screening Report to make information generated more clear and easy to understand. What’s changed? The updated report includes clear next steps, revised data order, better sign
Get Ready for GDPR The Data Protection Act will be replaced with General Data Protection Regulation (GDPR), which will now overhaul how businesses process and handle data. GDPR will come into practice from May 25th 2018. This will impact how firms handle the information of clients. Legal Eye will provide an update on these changes at the Inside Conveyancing & Legal Update Conference in January 2018.
This will impact how firms handle the information of clients
posting, expert opinion and recommendations from inhouse environmental consultants appear earlier. Additionally, more information is accessible on the first page of the report. Groundsure Screening is available at Searches UK.
Indemnities UK Indemnity Insurance Indemnities UK, which is a trading name of Searches UK, can provide both Residential and Commercial title insurance to FCA registered solicitors and conveyancers. Indemnities UK provides a straightforward and secure online system which allows you to order and issue fully underwritten policies supplied by First Title in minutes … it couldn’t be easier! Registering for Indemnities UK is FREE! For more information or to register, please visit www.indemnitiesuk.com
Stamp Duty Reform in Wales The Welsh Government have publicised a new land tax system, which will see stamp duty scrapped and replaced with Land Transaction Tax, with new thresholds. This change means that home buyers purchasing homes for less than £250,000 will benefit from paying up to £500 less in tax. However properties in excess of £400,000 will
pay more land tax at an increased rate of 7.5%. Land tax for commercial properties will have a top rate of 6% for transactions over £1M. To avoid mistakes and accurate completion of land tax forms, Searches UK recommend the SDLT online portal for solicitors. For more details please contact us.
Landmark More flood passes with RiskView Residential Reports RiskView Residential just got better – it is the only ‘all in one’ environmental report to automatically include a manual risk assessment where the data reveals a significant risk of flooding, resulting in far more flood passes! Landmark also consider the height of the property
in relation to possible flood events, resulting in a highly accurate risk result meaning that you get best practice due diligence with smoother, quicker transactions for you and your clients. Click here for more information on Landmark RiskView Residential Reports.
For more information about any of the products and services from Searches UK call us on 0800 043 1815 or email us at email@example.com to speak to one of our dedicated team today.
18 | ConveyancingFOCUS
Welcome to the 12th edition of ConveyancingFOCUS brought to you by Searches UK.