Delays with local searches can be a significant headache for affordable homes providers, leading to missed deadlines and lost rental income.
Registered providers of social housing can face all sorts of hold-ups when part-selling properties to customers under Shared Ownership Schemes – but local searches are the most common cause of unnecessary setbacks.
Waiting weeks for search results to be returned by local authorities is not only frustrating, it can lead to missed targets and delayed return on investment.
A growing number of affordable homes providers – including some of the biggest players – are turning to new homes searches expert Move Reports to fast-track the process.
Move Reports is the UK’s only new homes search specialist and can produce all the required search results for new builds within 24 hours – provided on a No Exchange No Fee basis.
In a nutshell, when an affordable homes provider partners with Move Reports and buys a plot from the developer, they also purchase the pre-prepared searches at the same time.
That means as soon as a reservation is made on an affordable home, all the relevant searches can be downloaded by the conveyancer involved in a matter of minutes, presented in an all-encompassing New Homes search pack. No waiting, no hassle and no chasing.
Darren Tierney, Managing Director of Move Reports, said: “We have been offering our innovative new homes local searches service for a number of years and work with some of the largest registered providers of social housing in the country – but we still believe we are the best kept secret in the industry.
“Searches can cause significant delays when providers try to exchange contracts within the 28-day target period. This is often as a result of conveyancers deploying traditional methods that are simply not effective or workable for the new homes market.
“With Move Reports, all searches are available for conveyancers to access at a click of a button. We do all the legwork for you – it’s really that simple.”
Move Reports achieves this extraordinary service by preparing the searches for each affordable property on a development months in advance – long before construction has been completed.
Some affordable homes providers will provide details of the plots they intend to buy from developers four or five years in advance, allowing industry experts at Move Reports to diligently monitor progress brick by brick.
Generally, searches are compiled around six months prior to the expected exchange of contracts. The search reports are regularly reviewed to ensure they are kept up-to-date, removing any risk of delay before exchange.
The end result is one easy-to-understand, fully lender compliant report that streamlines the whole process.
And Move Reports goes even further by providing solicitors with as much information as possible to alleviate the additional enquiries that can cause hold-ups further down the line, including abutted planning, HS2 information, Coal & Green deal checks.
Darren said: “We know affordable housing professionals are heavily targeted and have tight deadlines – and we’re here to help.
“Moving from reservation to exchange will always be a challenge but, by partnering with Move Reports, local searches need not be a concern.
“Our team has vast experience of the industry and can guide you through every step of the process.
“We’re not just here for the big operators, either. We already work with a wide selection of smaller providers and we are well resourced to take on more work, helping more people move into their dream home with as little hassle as possible.”
Don’t get left behind – contact the UK’s largest independent search company today to see how they can help.
To find out more visit www.newhomesearches.com or contact our Director of New Homes Amanda Giles - Agiles@movereportsuk.com or 0121 400 0145
Images © Move Reports
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