Diligente
Diligente is a search tool that provides the ability to carry out a review of a portfolio of properties and determine if there are any exposures to defective titles. The IT platform does this by interrogating various data sets from Land Registry, planning and highways data to flood and contamination. It then identifies all of the properties within the portfolio that are affected by title related issues and confirms the insurability of each under a Portfolio Title Indemnity insurance policy.
Due Diligence Assistance is a fast and robust alternative to sampling a small number of properties in a portfolio. It provides buyers with a high level understanding of the quality of title to an entire collection and the cost of insurance solutions available to address risks that are present within the property schedule.
The Process
Whilst we are able to design individual legal indemnity policies to satisfy most title issues, the following provides an example of the solutions that we have readily available to you and your customer base:
The Benefits
- 24 hour turnaround from submission
- Removal of human error from the due diligence process
- The ability to extract, collate and interrogation large volumes of information quickly and easily
- Risks identified during the title interrogation can subsequently be removed by an indemnity policy sourced by M&P Insurance Solutions
What does Diligente identify?
Land Data
| INFORMATIONS | TITLE ENTRIES | |
|---|---|---|
| Property Summary | Address Proprietor |
Existing charges Tenure |
| Property Data | Subject to Existing Lease Easements(Benefit) Cautions Restrictions Land Removed from Title Grade of Title-Absolute Grade of Title-Qualified Provision or Other Term of Lease Third Party Interest Freehold Flat |
Inhibitions Right to Buy Home Rights Death of Proprietor Length of Ownership Multiple Titles Notices Personal Covenants Price Paid Additional Leasehold info Additional Property Info |
| Insurable Risks | Grade of Title-Possessory Grade of Title-Good Leasehold Restrictive Covenants Easements(Burden) Change of Repair Liability |
Flying Freehold Rent Charges Mineral Rights Enlargement of Lease |
Planning Data
| INFORMATION | EXAMPLE |
|---|---|
| Address | 1 High Street, Sample Town, Sampleshire, AA12 3BBB |
| Planning Authority | Tower Hamlets |
| Application Date | 01/01/15 |
| Application Summary | Change of use from residential flats to commercial offices |
| Proposed Use | B1 |
| Application Status | Granted |
| Applicant and Agent | Mr. C L Smith |
Companies House
| INFORMATION | EXAMPLE |
|---|---|
| Company Name | Property Data Ltd |
| Company Number | 0112233 |
| Company Status | Active |
| Company Type | Private Limited Company |
| Nature of Business | 68320 – Management of real estate |
| Previous Name Change | House Data Ltd |