Proptech platform Yourkeys has launched a service that offers house builders an industry first-of-a-kind sales progression service for shared ownership properties.
Its ‘compliance gateway’ enables the shared ownership onboarding process to be both transparent and streamlined, and also for both single and multiple deals at a development to be processed, all overseen by a nominated compliance officer.
They see a snapshot of the transaction plus purchaser details and all reservation documentation provided or generated throughout the sales journey, although the buyer is not given access.
This is vital for shared ownership as there are three documents that are mandatory in order for the sale to progress.
Riccardo Iannucci-Dawson, Managing Director of Yourkeys (pictured), says: “The improvement will be revolutionary for housebuilders when it comes to shared ownership, creating a digital, streamlined and transparent process for all parties involved.
“This launch means Yourkeys now supports the two most popular government schemes on our platform, Help to Buy and shared ownership, with a tailored experience for each type of sale.”
Yourkeys was bought by Zoopla in April and since then work has been under way to help improve the new-homes buying process for both purchasers and house builders.
Yourkeys was the first proptech firm to offer a real-time reservation-to-completion sales progression software platform, aiming to help developer reduce fall-throughs and speed up sales.
This kind of sales progression tech works best in new-builds where newbuild units are often ‘paperwork ready’, buying chains are non-existent or very small and units are similar and are easy for lenders to understand and lend against.