It aims to help brokers speed up the mortgage application process
Acre, a platform for intermediaries, has announced that it has added the Land Registry search facility to its broker property portal, allowing brokers to easily access in-depth information about any UK property.
Acre said the integration of Land Registry searches gives brokers the ability to get essential details of the home being bought, with the Property Portal automatically pulling in data from Land Registry and 45 other sources into one view. This minimises the risks of cases failing, Acre pointed out, as it identifies risks much earlier in the process so they can be managed and avoid delays during conveyancing.
Justus Brown, founder and chief executive officer of Acre, said it is important that brokers be given the ability to easily access vital information to uncover any stumbling blocks as 27% of the fallen-through home sales last year were due to survey issues or difficulty securing a mortgage.
“Acre’s proprietary technology supports mortgage journeys in their entirety – from CRM, lead capture and sourcing to fact finding, recommendation and application – saving brokers time and money while promoting better compliance,” he explained.
Acre said that since coming to market last year, Acre has already helped – through its brokers – over 10,000 homebuyers get their mortgage, while the number of active brokers has been doubling every three months.
