Property scores launched by property data firm for UK’s 25m homes

first_imgHome » News » Property scores launched by property data firm for UK’s 25m homes previous nextProducts & ServicesProperty scores launched by property data firm for UK’s 25m homesHouses and apartments will receive a score out of a hundred based on data from the Big Property Data Ltd, which plans to offer the scores to the big property portals.Nigel Lewis5th March 201901,418 Views A ‘game-changing’ national system of scores for homes has been launched by a Manchester-based company that says it has the blessing of estate agents and will eventually add its scores to listings on the big portals.Called Propscore, it offers prospective buyers the ability to pay for a pre-sale report on a home similar in style to the HPI checks for vehicles, based on information from a range of data suppliers including the Land Registry, the Environment Agency and the Ministry of Housing.The data for the scores comes from Big Property Data Ltd which claims to be one of the largest property search providers in the UK. Its online tool can be used by consumer to find out their property’s score expressed as a number out of 100.Director Lorenzo Tejada-Orrell (left) has told The Negotiator that the information used to create the score is meant to suggest to home buyers whether a property has a ‘serious problem’ such as being in a flood area or at risk from subsidence.“We’ve talked to estate agents and they’re behind it as long as the data is reliable and robust and it helps buyers understand more about a prospective purchase and reduce fall-through rates,” he says.The company will then make money from providing additional checks on a property costing from £4.99 to £200.“We find it quite baffling how a consumer buying a house can find out six weeks after making an offer that there is a restrictive covenant on the title and is on contaminated land, for example, but they can be a couple of thousand pounds down the line,” says Tejada-Orrell.“We believe all the checks should be done prior to even placing an offer on a property and we already provide this information to conveyancers.”property scores Lorenzo Tejada-Orrell Big Property Data Ltd March 5, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img

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