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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Tenant creditworthiness platform CreditLadder passes 1,000-branch mark
Rental payment recognition platform CreditLadder says it now has over 1,000 letting agent branches who have tenants on the service, making it the most widely available in the UK’s rapidly growing market for creditworthiness improvement, it claims. Started up in 2016 and based in London, until recently CreditLadder was alone in the private rented sector but it’s been joined by several competitors since after, in December 2017, HM Treasury announced a £2 million Rent Recognition Challenge to help kickstart innovation within the creditworthiness sector. These include Bud, Canopy, MoveMe and RentalStep, all of which are now involved in a feisty battle for market share, and a slice of the £2 million government funding. As The Negotiator reported last month, Canopy recently signed a deal with the John Lewis Partnership to help its employees improve their credit scores. Rent default Many of these services, including CreditLadder, claim their service helps letting agents differentiate themselves in crowded rental markets, enables agents to offer landlords a ‘value add’ to their service, and that tenants using them are less likely to default on their rent. This helps agents and landlords attract more reliable renters, it is claimed. “We’ve always believed good behaviour should…
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Conveyancing Data Services Ltd joins tmgroup
The Board of Conveyancing Data Services Ltd (CDS) announced that a majority shareholding in their company has been acquired by property technology firm tmgroup, for an undisclosed sum.
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Emoov tried deals with at least three other online competitors before Tepilo deal
Emoov tried deals with at least three other online competitors before Tepilo deal
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LetMC reports management buyout
One of the industry’s few remaining independent software companies LetMC. com, has undergone a management buyout...
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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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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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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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