04/10/2023 GroundSure: Environmental Searches 2

Contents

1. Where have we come from?2. What are our expectations?3. What should we be striving for?4. Environmental risk & lenders’ perspectives5. Case study – Lender Liability6. Conclusions

GroundSure Ltd

Evolving Environmental Searches

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2001 Law Society Warning Card on Contaminated Land

Part 2 A of the Environmental Protection Act 1990 – statutory obligation placed on Local Authorities….and….statutory definition of contaminated land

Basic residential and commercial searches providing little more than:

1. Where have we come from?

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In a challenging market the last thing we need is environmental searches that cause unnecessary concern

De-risking the property purchase process

Lenders becoming more sensitive to environmental risk

2. What are our expectations?

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SMART searches

Enviro + Flood

Enviro + Flood + Coal Mining

3. What should we be striving for?

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Enhanced client service

3. What should we be striving for? £10M PIT&CsData Quality Solutions?

Env. risk & Lending?

Attributes of the search Attributes of the service

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Can the search provider support with a lender’s perception of risk?

Environmental searches / enquiries

Proceed with standard credit

risk process

Basic assessment of enviro. risk in bank context

No Issues

Consider commercial

management of risk

Consider technical

management of risk

Risk

No lending

Risk

4. Environmental Risk – Bank Perspective

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5. Case Study – Lender Liability

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5. Case Study – Lender Liability

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5. Case Study – Lender Liability

GroundSure search identifies risk

GroundSure consultants provide advice

Lender funds purchase

AND

Client negotiates purchase price

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Environmental searches are not just about the search report...

...it is about the pre and post report service that should be focused on providing the highest value client outcome in the transaction

6. Conclusions

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GroundSure.....

.....Providing client support on environmental risks before during and after the search report

Thank you and Questions

Environmental Searches