The automated service delivers essential property details, saving customers time and resources
Property insights firm CLSQ has launched Title&Tenure, providing instant access to tenure type and remaining lease term information.
The automated service delivers essential property details, such as the title number, tenure type, and remaining lease term, without the manual process of acquiring the Title Deed.
Traditionally, this information has been obtained by purchasing the Title Deeds from HM Land Registry for £3, or during the post-offer conveyancing process. This can lead to significant waste of time and resources if issues arise that prevent completion.
CLSQ said Title&Tenure offers a quick and cost-effective solution that can be integrated at the decision in principle stage, allowing for automated decision-making.
“Title&Tenure is a game-changer for the UK mortgage lending industry,” remarked Spencer Wyer (pictured), strategic development director at CLSQ. “By providing critical property information at the outset of the application process, we are enabling lenders to make more informed decisions faster and more efficiently.
“This not only saves time and money but also enhances the customer experience by reducing delays and uncertainty. It’s easy for lenders to integrate into their systems, using one simple API, to help lenders deliver instant decisioning with greater confidence.”
Last month, CLSQ launched LiveEPC, which was designed to provide UK mortgage lenders with access to energy performance certificate (EPC) data.
The tool integrates up-to-date EPC information directly into lenders’ systems, offering an advantage over traditional monthly text file downloads from the Department for Levelling Up, Housing and Communities (DLUHC), which are typically one to two months behind.
LiveEPC enables lenders to automate processes and access data as soon as it is available, also facilitating automated mortgage decision-making.
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