New site mapping system from Searchflow

Searchflow, the electronic conveyancing search service, has launched the first ever electronic site mapping tool.
Commercial property lawyers can now access all property information electronically and get rid of the time consuming manual processes lawyers typically use to assemble paper based site plans.

SearchFlow’s Site Assembly service maps all relevant land titles, tenures and property interests in a single view. This allows instant and easy visibility of gaps in ownership. Additional data, such as environmental information, the position of utilities and aerial photography can be added to build a comprehensive site profile.

At the moment solicitors manually gather all the necessary information, which usually takes between seven and ten hours of staff time, to order, assemble and review a site plan.

The service can be used to assess any site, however large or small. Additional data can also be requested, such as information on contamination and flooding risks. This can also be overlaid spatially onto the electronic map. The service will remove the need to produce paper copies of site plans for distribution to stakeholders. The finished project is delivered on a disk, USB stick or by email.

http://www.expertconveyancing.com

Read more - http://www.mortgagefinancegazette.com/conveyancing/new-site-mapping-system-from-searchflow/

Number of house sales falls again in September

The Bank of England has released details of mortgage approvals in September which shows that net mortgage lending fell in September.
The number of mortgage approvals in September slipped to 50,967 from 52,347 in August. The fall was broadly expected but confirms the fall in demand for property. The long-term average before the financial crisis of 2008 was around 90,000 mortgage approvals per month.
Net unsecured lending, which takes the form of lending on credit cards and personal loans did rise to its highest level since February.
Net mortgage lending also slowed, the figures showed an increase of £0.3 billion in September from £0.5 billion in August. Most analysts expected to see an increase from August to £0.6 billion.
Completed sales of homes fell in September, down to 72,000, the second decline in a row according to HMRC.

http;//www.expertconvenyancing.com

Read more - http://www.myfinances.co.uk/mortgages/2011/10/31/number-of-house-sales-falls-again-in-september