Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
-
Start-up ‘information packs’ proptech platform receives big-name backing
Viewber founder and former Douglas & Gordon director is to work for PIP in a consultancy role as it prepares to roll out across the UK charging agents £25 a property.
Read More » -
Reapit joins blockchain consortium
Reapit is joining the UK-based IPN Consortium and integrating its platform with other consortium members via the Coadjute Blockchain Network.
Read More » -
Meaningful vote? Scoring system launched for UK’s growing proptech sector
Markeplace Unissu says estate agents will soon be able to find out what the industry thinks of the 700+ proptech firms active in the UK.
Read More » -
Interview: ‘What’s it like to sell property without physical paperwork?’
The Negotiator talks to developer MBU Capital to find out why it decided to take the bold step to fully embrace fully digital property sales progression.
Read More » -
Leaders Romans Group begins using Propco lettings platform after competitive tender
Lettings management platform PropCo has won a competitive tender to supply Leaders Romans Group (LRG) with its technology and the system is already live within five of the agency’s 14 regions. The agency group’s network of 160 branches across England joins a list of blue-chip clients which already use the PropCo platform including many Countrywide brands, Benham & Reeves, MoveWithUs and Ascend. Propco has been around for some time and was best known as Countrywide’s lettings management platform of choice, but has recently been making a push to widen its client base. The Leader Romans Group win followed a rigorous review of the market by the estate agency corporate as part of the company’s plans to revolutionise its use of software throughout the business. This included a desire to improve workflows, drive efficiency and continue to develop its customer and client experiences. One of its main attractions for lettings agencies of all sizes is that the software grows with their businesses unlike some other suites which offer ‘lite’ and ‘advanced’ entry levels. “PropCo has proved itself to be the best in class and most tried and tested platform for our business,” says Michael Cook (left), National Lettings Managing Director at…
Read More » -
Digital house sales revolution kicks off within new-build sales sector
First fully-digital sales progressions for new-build developments were completed late last year in Stevenage, it has been revealed by platform developer Yourkeys.
Read More » -
LATEST: OnTheMarket buys 20% share in lettings platform Teclet for £797k
OnTheMarket has made its first direct investment in a proptech company following its purchase of a 20% share in Glanty, the operator of lettings platform Teclet, for £797,000. OTM has also agreed an option to buy the remaining 80% of the company at a later date for £1.5 million and also pay off Glant’s debts of £1.4 million. The portal has also entered into an optional ‘earn out’ arrangement that could see it pay Teclet’s directors up to £12 million after three years if key performance goals are met. Teclet was launched in 2016 and automates many aspects of the lettings process to reduce overheads and maximise operational efficiencies for letting agents. It also provides online storage and 24-hour access for agents, tenants and landlords to records and documentation relating to their tenancies. Teclet also supports compliance with the regulatory requirements surrounding tenancy creation and management, providing an audit trail of transactions. OTM deal The platform will be offered to its customers and means OTM has made its first significant move into property software provision to agents other than its own in-house developed solutions. Glanty’s revenues for the year to 31 December 2018 were £771,36, up from £6,209 in 2017.…
Read More » -
Proptech chat: Kristjan Byfield
Kristjan Byfield is a busy man, despite the Christmas slowdown. As well as running his London estate agency base property, he’s also in the process of launching his self-funded deposits processing platform and has just joined the board of industry body the UK Proptech Association. Nigel Lewis caught up with him. Has The Depositary launched yet? “We made difficult decision in July to undertake a massive overhaul of what we had built after a year of Beta testing with 70 tenancies including the mobile interface and major functionalities, which didn’t work well enough. “There’s no point releasing a product you’re not happy with and although we were originally hoping to launch at the EA Masters, I expect the official launch to happen in late January. Why have you joined the UK Proptech Association board? “I’ve been a member and supporter since it began three years ago, and I’ve seen how hard it is to persuade companies to put their money where their mouth is and pay to join, but there’s been a lot of change since Sammy Pahal came on board 18 months ago as its MD. “It’s also been too commercial property orientated; the boards needs more residential proptech…
Read More » -
Unusual lettings platform claims first landlords sign-ups
The UK’s first local authority trading company (LATC) rental proptech platform has claimed initial success with 34 families housed and 51 landlords signed up, it has told The Negotiator. Called Renttl.co.uk, the four-month old lettings platform is unique because it offers landlords an attractive package including a rent deposit guarantee scheme of up to three months’ rent and financial incentives up to £4,600 to take on households threatened with homelessness. It also puts prospective tenants through a course on how to live in the private sector and gives them financial help with their deposit. Both landlords and renters are supported by a liaison officer. “Landlords get someone who is tenancy-ready and an online property and tenant on-boarding system that it is easy to complete and manage, takes just three days and offers landlords a lot more information about prospective tenants than traditional letting agents can,” says Lorraine Thomas, MD of Encompass LATC (left). Operated by Encompass LATC, Renttl.co.uk was set up with grant funding from the Department of Housing, Communities and Local Government and is seeking landlords who directly manage their properties. Thomas expects the platform to become a major supplier of private rented properties to households living in and…
Read More » -
Who’s next to win in proptech?
Do you have a winning proptech product? RElab is now accepting applications for the next edition of its Proptech focused startup programme. Curated by Goldacre Ventures and innovation specialist L Marks, the three-month RElab programme, is designed to help tech businesses refine product-market-fit and to develop ideas that can reshape and re-imagine the relationships between space, people, services and sustainability. The RElab team is looking for exceptional entrepreneurs exploring innovative solutions from building, to curating, managing and delivering service into the spaces where we live, work and socialise (smart buildings, smart cities, smart grid, predictive maintenance, etc.). In collaboration with corporates, experts and mentors, selected startups will test their product in live environments, gain valuable market insights, take part in expertise sessions, events, roundtables and panels on matters related to building and scaling a business, and reach up to £100,000 in financing. RElab Sign Up
Read More »
