Big conveyancer admits ‘housing world is digitising’ as it signs up to property logbooks
Deal between PM Property Lawyers and Chimni reveals will see all firm's home-buying clients offered property logbooks for their new homes.
A major conveyancing firm in the North has signed up to offer all their home-buying clients a digital property logbooks for their homes, marking a further significant step in the technology’s advance into the housing market.
Sheffield-based PM Property Lawyers is now working with logbook supplier Chimni to integrate the provision of logbooks into their client management process to provide, on completion, a comprehensive digital record of the transaction for their new home,
Each logbook contains a ‘digital deeds pack’ in a pre-configured folder. This contains PDFs of all the key documents generated through the buying process as well as a completed property information summary.
Tracy Harding (main picture), MD of PM Property Lawyers says: “We are conscious that the property world is digitising.
We are conscious that the property world is digitising.”
“We want to continue to support our clients navigate the conveyancing journey and encourage them to use the available tools to manage their homes in this emerging digital world.”
Chimni MD Nigel Walley (pictured) says: “Our logbooks have ‘upfront Information’ capability so the next time these properties come to market they are immediately ready to sell and convey – and of course they are already connected to PM Law.”
The logbooks can also deliver information on previous building projects, maintenance info on systems like central heating, and user documentation on white and brown goods.
“Also, as more of our homes have smart systems, with accounts and apps, property logbooks provide a perfect vehicle to handover accounts to new owners.
All logbooks are compliant with and registered on the register run by the Residential Logbook Association.
The concept of embarking on a system of setting property asset data of questionable origin in PDF aspic in 2023, will be about as useful as the preverbial chocolate teapot by 2030 when standarised open property data exists. This concept of putting pieces of paper in a pdf filing cabinet is an anathema to me, imagine if Amazon used a PDF each time it raised an order.
The winner of the property logbook race, if indeed the realestate community adopts such a thing on a universal basis, mandated by law, will be a provision network that is ‘useful’ to users of 2050, and take that from me it will be lightyears from how the title of property is presently transferred, and how the beating heart and golden thread of a built asset is ascribed.
Andrew – why didn’t you ask for a demo before commenting? We could have re-assured you that a Chimni logbook is built around APIs linking the logbook to live data sources. We have the capacity to hold PDFs because that’s what the conveyancing clients currently use, but we are building towards a systems where all information is held as machine-readable data or based on live links to sources.
Happy to demo.
Nigel