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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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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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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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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