Proptech

News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.

  • Rising finance image
    Latest property news

    Paragon launches online portal

    Paragon, a specialist bank and buy-to-let mortgage lender, is introducing a procuration fee for intermediaries who submit further advance business for buy-to-let customers that subsequently completes.

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    John Lewis signs landmark deal with rental proptech firm Canopy

    Tenants among retailer's 85,000 staff will be offered a comprehensive renting solution including properties supplied by a major agency group linked to deposit-free scheme and rent reporting, helping bypass the portals.

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    Property chain proptech firm hits £3m funding during latest cash call

    A company called When You Move that claims to offer a platform that solves the UK's shaky property chain system has now topped £3 million in funding.

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  • AI online platform screen image
    Latest property news

    Artificial Intelligence firm offers first online binding offers for auctioneers

    The online property execution platform, Clicktopurchase, has released ‘gAbi’, claiming to be the world’s first Artificial Intelligence operating property auctions.

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    Google gathers senior estate agency for invite-only digital seminar

    After a nearly ten-year hiatus tech giant Google appears to have begun re-engaging face-to-face with the property industry. During the late noughties there was an outcry when it appeared that Google might begin targeting consumers directly and cut out agents from the property selling and renting process, although this was denied by the tech giant at the time. Nevertheless, the Californian-based online search firm subsequently scaled down its attempts to court the ‘for sale by owner’ sector and concentrated instead on other markets, much to the relief of agents. But now it’s back. The tech giant this week opened the doors of its UK head office to host a meeting of estate agents to mull over how to get instructions online. One of Google’s more senior UK executives, Harvard-educated Roxanne Brownlee (pictured), who works with larger, high-growth clients, did the presenting. Google, along with digital agency Fountain and 24/7 live managed live chat firm Yomdel, also offered up online strategies to help combat the challenges of competition from online hybrid agents, the privacy issues created by GDPR and Brexit. And Fountain should know – it helped hybrid agency Ewemove achieve rapid growth during its start-up phase. “Yomdel and Fountain began…

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    Latest property news

    Lavanda plans national rollout

    Lavanda, the hospitality-led short term rental platform, has been awarded “Best Short-term Rental Platform/Operator” at the 2018 Serviced Apartment Awards.

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    How can it be so cheap? Online agent launches £35 HMO service

    Online lettings firm No Agent is claiming to be the first in the industry to offer landlords a fixed-fee management service for HMOs, charging £35 per room a month in England and £55 in London. The package includes a tenant finding service but not photos, which landlords will have to pay extra for. No Agent’s launch, which it says would work out at a 4.5% management fee excluding VAT, is designed to undercut traditional agents which it claims charge between 10-15% for a similar service. Landlords are charged a £100 set-up fee for its HMO package to pay for licensing and property condition checks. Photos are charged at £250 for the first room and £35 for each subsequent one, a cost which includes 30 days of accompanied viewings. The online agency, which has so far been funded partly through two crowdfunding campaigns and private VC investment, says its new HMO service is designed to attract landlords caught between the recent buy-to-let tax increases and the looming tenant fees ban. HMO service Its £35 service for HMO landlords includes quarterly inspections, rent collection, contract renewals and property management. No Agent also reports tenants’ rent to Experian if they agree to it…

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    London letting agent LiFE Residential invests again in proptech

    The agent says GetRentr can help it lighten the 'massive burden' of managing licensing requirements in London and in return it has backed the company financially.

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  • Digitally signing mortgages image
    Latest property news

    First digital mortgage signed by borrower

    Coventry Building Society and Enact Conveyancing have lodged the first digitally signed mortgage, into the Land Register, for a house in Rotherhithe, London.

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    Proptech firm that claims to predict when people will move home gains US foothold

    A proptech firm with offices in Australia and the UK has signed a deal with the US National Association of Realtors to gain a foothold over the pond.

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