20 Mar New buyer information packs aim to reduce transaction times and fall through rates

We have just launched a brand new material information solution, designed to help reduce transaction times, minimise fall through rates and keep estate agents compliant with recent updates to the Consumer Protection Regulations (2008).

Our new offering aims to ensure the agent remains compliant at every stage, we order all of the property information documents while a sales progressor works with the vendor to complete a full digital Property Information Questionnaire (PIQ).

The aim is that within two to three days the agent will have a comprehensive buyer information pack for a specific property. The bundle will incorporate Land Registry documents, including all OC2 filed entries such as leases, old conveyances/transfer deeds, key property information, and the completed PIQ.

The details collated in the Buyer Information Pack can also be used to populate Law Society TA forms, so a client only needs to provide this information once. Allowing the agents we work with to maintain a cohesive customer journey whilst increasing efficiency and giving solicitors a head start.

Richard Megson, our managing director, said: “As champions of upfront information, the team at ASAP has been giving the new NTSELAT guidelines our full attention. Simultaneously, we are listening to the needs of our agents, given the collation of specific property information has become a legal requirement.

“We wanted to bring a solution to market which would help to support committed buyers and sellers. I believe our new Buyer Information Packs have the potential to make a significant impact when it comes to reducing transaction times and fall through rates.

“Our approach to material information has been designed to become a seamless part of our complete and instruct services. It will keep agents compliant every step of the way, avoid any disruption to their current process and ensure a smooth customer journey for their clients – who will only need to impart any information once.”

If you are interested in finding our more about our Material Information solution or requesting a sample pack you click HERE.