Proptech

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

  • Residently rent-to-rent system mobile images
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    Residently set to ‘shake up the sector’

    Residently, a new UK rent-torent business, plans to shake up the online lettings sector...

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    Deposit alternative Reposit wins £500k more funding from investors

    Tenancy deposit alternative Reposit has received an additional £500,000 from investors, taking its total raised since launch to nearly £1 million. The extra cash will be used to scale the team and business across the UK’s rental markets including new products, say founders (LtoR above) Jude Greer and Brendan Short. Its phone app and online based service enables tenants to take out insurance at a cost of one week’s rent to cover their landlord if they damage the property or fail to have it cleaned before they move out. Each ‘Reposit’ is tied to the tenancy and property and is not portable, so tenants moving home must take out a new policy, although those with histories of good behaviour pay lower premiums. Still classing itself as a ‘start-up’ despite having been in business for three years, Reposit says the investors include Andrew Weisz of Weisz Investments and Michael and Simon Blakey of Avonmore Developments, which also backs removal firm comparison site Buzzmove. Deposit alternative Reposit says it has also signed a deal with Lloyds of London underwriter Canopius through the Financial Conduct Authority’s Innovation Hub. It brings together players within the insurance industry to introduce new products and services to…

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    Shieldpay set to transform moving day

    A new digital mortgage processing scheme launched by conveyancing firm My Home Move and the escrow account specialist Shieldpay, promises to ‘transform moving day’...

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    Government launches latest bid to fund proptech start-ups

    The government's Geovation programme is offering proptech startups £20,000 and free advice on how to grow their businesses.

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  • UK Proptech Association London cover image
    Latest property news

    New Director at the UK Proptech Association

    Managing Director of Search Acumen, Andrew Lloyd, has been appointed to the Board of the UK Proptech Association (UKPA)...

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    Stop using proptech to solve problems that don’t exist and copy Amazon, public tell agents

    Survey of house sellers and buyers reveals they'd prefer agents offer the same tech as leading transport and retail online brands to make moving easier.

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    Rent recognition tech firms to pitch today for rest of HM Treasury’s £2m fund

    Six proptech companies are due to pitch today for a further £1.4 million in front of a panel of senior industry and government experts.

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    Should there be a free ‘open’ platform for smaller agents to access proptech?

    Property software pioneer Charlie Wright is launching a bid to connect proptech services through one free, 'open' platform for smaller agents.

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    UK proptech “isn’t that innovative” says leading consultant

    Leading proptech consultant Eddie Holmes (pictured, below) has told The Negotiator he believes the UK’s proptech sector “isn’t really innovative”, despite the mini-industry often touting itself as a world-beating centre of new ideas and pioneering tech, and containing 10% of the worlds’ proptech firms. “There’s no question that it is a hotbed of activity but whether that activity is innovative or not is a different question,” he said. “Our UK resi market isn’t really innovative, nothing truly game changing by and large.” His comments came as he and his colleague James Dearsley from leading industry consultancy Proptech Consult rubbed shoulders at a global gathering of tech firms from the residential and commercial sectors in Paris organised by MIPIM. Finishing yesterday after an exhausting three days of partying and networking events organised by MIPIM, it transpires only a handful of UK proptech and property figures were at the event including Sammy Pahal (pictured main pic, presenting), MD of the UK PropTech Association, Chris Grigg, CEO of British Land and Michael Ewert from JLL, all of whom also spoke at the jamboree. Dearsley and Holmes also spoke at the conference after revealing their research into the European property industry, which revealed that…

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    Letting agent revealed as brains behind latest Easy launch by Stelios

    When Easyjet founder Sir Stelios Haji-Ioannou announced two months ago that his orange brand had launched into the UK conveyancing market, there was much fanfare that the company could disrupt existing arrangements with “the latest technology and innovation”. The 51-year-old businessman at the time said it was “time for the home buying process to be brought into the 21st century” and that current way buyers and sellers instruct solicitors was “clumsy”. The freshly-minted company also freely quoted NAEA figures that 79% of agents think the home-buying process is outdated in the UK. This is despite EasyConveyance’s business model being a relatively traditional one; it currently has 200 solicitors who have joined its panel who then bid for consumer requests for quotes based on location, price and consumer ratings. But the business – which has no affiliation with EasyProperty.com – has not been set up directly by Stelios and instead – it has been revealed – is the brainchild of a Northern Ireland letting agent. Connor McCann, who as well as running EasyConveyance.com operates Omagh-based Omarentals, for the first time appeared publicly this week as the founder of the latest Easy enterprise, saying that: “The home buying process in the UK…

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