Purchasing a property can be one of the most significant transactions in a person's life. It's a big investment, and home buyers understandably have many anxieties about the process. Will the area be safe? Are there any potential issues with the property that could turn into costly repairs? These are just a few of the concerns that can keep your clients up at night.
What if there was a way to get a preview of this information as soon as possible in the mortgage process?
That's where property reports in the Acre client portal come in! By providing easy-to-digest information about the property and the surrounding area, these reports can be a valuable preview of the kinds of things that may turn up later when they pay for the full property searches.
Here’s a quick tour of what your clients will get access to in their client portal once they, or you, add a property to purchase or remortgage onto their case in Acre.
What will your clients see in their property report?
For all of the information that seems simple and obvious to those in the know, there’s often quite a bit of jargon and terminology that regular home-buyers may not know, so we’ve included some handy explainers to make it nice and simple to understand what certain things (like Property Titles or EPC) are and why they’re important. This kind of educational content helps clients understand and makes them feel more in control.
Broadband speeds in the area
Having an indication of broadband speeds in their area can be a valuable piece of information for home-buyers. Reliable internet access is essential for work, school, and entertainment. They can also start planning for any necessary upgrades or changes to their internet service provider, ensuring a smooth transition into their new home.
Most recent EPC
In the current economic climate, it's never been more important for home buyers to know the energy efficiency rating for a property they’re purchasing as it can have a significant impact on their future utility bills. A higher energy efficiency rating means that the property is more energy-efficient and will require less energy to heat or cool. This can lead to lower monthly utility bills and a more environmentally friendly home. Additionally, understanding the energy efficiency rating can help home buyers plan for any necessary upgrades or changes to make their home more energy-efficient in the future.
Average house prices in the area
Clients will also be able to see a chart showing average house prices over recent years within the local area, giving them a sense of the market trends and potential value of their investment. Additionally, they’ll be able to see the last time the property was sold and for how much, providing them with a historical perspective on the property's value and potential future growth.
Information about the local area
Clients will also be able to see a series of charts showing information about the local area. These charts will include a breakdown of the types of properties in the area (such as houses, flats, etc.), as well as a breakdown of the property tenure (how many properties are owned or rented). In addition, clients will be able to view crime statistics for the area and a breakdown of the professions of the people who live there. This information can help clients get a better sense of the community they may be moving into.
Land registry overviews
These include flood risks, geological survey information, major infrastructure projects in the area, and more, all with explanations of what it means. This gives your clients a preview of any potential risks to the property early on in the process. Of course, clients will be able to get more detailed information about any potential risks to the property later in the process, but these indicators provide a handy snapshot early on.