Acre integrates Land Registry data to accelerate mortgage application process

Intermediaries platform, Acre, has added the Land Registry search facility to its broker property portal.

The move allows brokers to access information about any UK property to help build a more accurate picture of a home that is being purchased by a client.

Acre said the integration minimises the risks of cases failing as it identifies risks much earlier in the process, so they can be managed and also avoid delays during conveyancing.

The firm’s Property Portal automatically pulls in data from Land Registry and 45 other sources into one view, allowing brokers to identify potential pitfalls early in the home buying process. This data is seamlessly added to the fact find giving brokers greater accuracy and criteria matching when finding the right products for a client.

Acre founder and CEO, Justus Brown, said: “Twenty-seven per cent of the fallen-through home sales last year were due to survey issues or difficulty securing a mortgage. Brokers can now easily access vital records via Acre in order to uncover any stumbling blocks earlier on in the process, which means that the risk of the deal collapsing is reduced.

“Plus, as Acre’s technology seamlessly pulls this data into its platform, we can reduce the time and efforts for brokers at the early stages of the application process, leading to happier, less frustrated clients.”

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