A PropTech firm says its new tool allows comprehensive upfront property information to be shared instantly with all parties in a transaction, via an online dashboard.
The firm, Sprift, says this demonstrates its mission for industry collaboration and faster transaction times.
The Sprift dashboard provides over 100 data points for every UK property, including title plans, planning history, EPCs, photos, floorplans, conservation areas and flood risks, as well as the necessary legal/protocol forms.
There are over 28m properties stored on the Sprift platform; the company has produced reports on over 1.2m properties, and says it’s saved clients over £65m research hours.
Matt Gilpin, chief executive at Sprift, says: “Greater collaboration is currently being widely deliberated across the industry. The present market is really highlighting the need for a better process.
“By allowing our property data to be shared with all parties, right from the outset, everyone in the process can see the full set of information about a property – a single source of truth. All parties will see exactly the same details, which will help to prevent any issues down the line – saving time and money.
“We have launched this to support an improved handover, as we have heard of so many cases now where our Interactive Property Reports have been shared between agents and conveyancers, helping spot potential red flags at the outset, whilst searches are being applied for.”