Coadjute has launched a Digital Property Data Pack service for its users.
The pack is designed to cover the requirements of the relevant form types including the Home Buying and Selling Group BASPI form and includes all important information about a property including its history, ownership, and legal status.
The data is quickly and automatically populated by the property blockchain network from a wide range of third-party sources, including HM Land Registry, Sprift, and Groundsure.
This information is then collated into a standard easy-to-read format that can be reviewed and shared between buyers, sellers, estate agents, conveyancers and others over the Coadjute network.
Dan Salmons, chief executive of Coadjute said “The launch of the Digital Property Data Pack is significant for Coadjute and we believe, the property industry more broadly.
“For the first-time, up-front data can be sourced from an infinite range of providers, held in a standard form, and passed around the market digitally. It consigns the use of PDFs and emails for data collection to the history books.”
“It’s one thing collecting information, but half the battle is sharing it. For the first time Coadjute enables all the information to be shared rapidly and digitally with the other parties in the deal – as data, without losing provenance.”
Salmons said Coadjute expects the Digital Property Data Pack to speed up the process and reduce the likelihood of surprises and delays during the transaction.
He added: “It’s all part of Coadjute’s mission to make the property transaction process as easy and stress-free as possible for buyers, sellers, and the professionals that serve them.”