Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
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Platform to launch in New Year that will drastically cut conveyancing times
After a six-month pilot Yourkeys says it has already been working with several developers and will soon begin offering agents its £200 conveyancing service.
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Property data firm ‘shocked’ about level of online trolling it receives
Start-up Homesearch says it was not prepared for the level of abuse it would receive after launching its online data service.
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Brexit planning + recession planning + proportunity
New data from fintech company Proportunity shows London’s best spots to buy property if we slide into a recession. After crunching the data, they found that London hipster hotspots such as Hackney and Haringey and Newham will be resilient to any potential Brexit-induced house price dip. Proportunity offers Help to Buy-style loans for first-time buyers – available to all properties, not just new builds and their data platform can assess whether a property is overvalued or undervalued, helping customers find hidden gems. Outer London boroughs such as Bexley, Havering and Richmond were most vulnerable. Instead, first-time buyers in London should look to Camden, Hackney, Haringey, Newham, and Tower Hamlets for properties likely to withstand any Brexit-induced price dip. The top five factors behind poor price performance are: Below average percentage of new builds sold Large millennial population Lower retired and baby boomer population Proximity to popular train stations Higher than average flat prices Using these five metrics, along with other indicators such as transactions, crime rates, average number of rooms and the amount of residential floor space within a borough, Proportunity created a price resiliency index to help first-time buyers find recession-proof pads in the capital. The findings reveal that…
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App launches that will tell agents when people are planning to move
Consumer-facing smartphone app offers homeowners new tool to plan and executive their home finances and moving plans.
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Unissu targets growth of procurement platform
Unissu.com, a proptech marketplace, has raised US$800,000 of investment led by M7 Real Estate with high profile experts in digital transformation in real estate. These include Harry Hill, Founder of Rightmove, the Central Europe-based Property Forum, Asia PropTech and Robert Gilchrist, the former CEO of Rockspring. Richard Croft, Executive Chairman of M7, has also joined Unissu’s board. We believe in the potential offered by innovative solutions offer the real estate industry, this is no exception. Founded by James Dearsley and Eddie Holmes, Unissu provides an easily navigable and free online platform that allows people to understand the technologies they require and matches them with suitable and trusted vendors. This latest round of funds will help to further scale the platform’s global procurement tool. Unissu CEO, Eddie Holmes said, “For many real estate companies considering the adoption of technology to grow their businesses, the key deterrents are often working out exactly what they need and subsequently finding a vendor that they can trust to meet those requirements. This is the primary reason that our procurement tool has quickly become firmly established as our key feature. “At no cost to the user it takes the pain out of this process and enables…
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Building trust in room renting platforms
As more tenants choose ‘lifestyle renting’, what’s needed to make the online room rental experience both seamless and secure?
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Proptech lands in Warwickshire and the West Midlands
Allsopp & Allsopp has created a new proptech product with the feature ‘Find My Agent’, to allow clients to see where their dedicated estate agent is, on their way to a viewing. It also allows the client to feedback to the owner and make offers 24/7 at the click of a button. Lewis Allsopp, CEO, says, “The Platform is built around the lifestyles of this modern world. Food delivery is easy, now, estate agency is easy.” Carl Allsopp, COO added, “We are excited to bring the first phase of what we believe will change estate agency. It is exciting to see our idea come to fruition after years of planning, investing and work.” Find My Agent aims to remove the uncertainty of agents arriving on time so clients to keep to tight schedules. Lewis says, “Clients are sent the property location and the live location of their estate agent on the way to the property, with a notification when the agent is around the corner and outside the property. The client may make an offer or give feedback directly to the owner when they leave the home via WhatsApp”. The platform also gives tenants and buyers a hub for properties…
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New competitor emerges in race to help tenants pay their deposits
Fronted will pay a tenant's deposit direct to their letting agent and then charge tenants 12.5% APR to repay the money owed, in instalments.
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Latest tech: partnership helps tenants pre-qualify for mortgages
Rental tech platform CreditLadder has signed a deal with online mortgages broker Mojo to enable tenants get on the property ladder. CreditLadder customers who use rent payments to improve their credit score can now see if they are eligible to apply for a mortgage. Using Open Banking, CreditLadder is able to analyse its customers spending patterns and income within five minutes and, if they qualify, match them up with Mojo and arrange an appointment. CreditLadder started out as a ‘rent recognition’ platform and has already signed up thousands of tenants to its free service, who give the platform permission to ‘read’ their bank accounts and record their monthly rent payments. The company has since branched out into several new areas including referencing and mortgage qualification services for letting agents, landlords and consumers. Credit score Research by Mojo Mortgages reveals that 40% of tenants planning to get on the property ladder want to know how much they can afford to borrow before they apply for a mortgage, while 82% didn’t know whether they had a good enough credit score to get a mortgage. Richard Hayes (left), CEO and Co-Founder of Mojo Mortgages, says: “For first time buyers, getting on the property…
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Estate agents are getting ‘proptech fatigue’ claims NAEA
Comments made to a national newspaper yesterday by the NAEA's Chief Executive suggest the industry faces too many tech companies trying to sell them solutions to problems that don't exist.
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