Sales progression Proptech company – yourkeys – claims it can reduce the time it takes to reach exchange of contracts from the industry standard of 63 days to as little as 11 days.
The company claims to have done so with a new build apartment sale in Stevenage where contracts were exchanged in just 11 days. Yourkeys says they offer the first fully digitised “ full, end to end service, for all stakeholders involved in the buying and selling of new build homes”.
MBU Capital Limited, the developer of the Stevenage property, said:
“…I believe that Yourkeys can solve a problem which is that consumers are frustrated that it takes so long to exchange on a property and developers and agents dislike the way it takes so long for a sale to turn into cashflow…”
(Peter Beard, MBU Sales Director).
Yourkeys say that 2500 companies are already integrated into their system and are able to carry out ID verification, anti-money laundering checks, mortgage applications and the pulling together of dozens of different documents “in minutes”.