You are here: Home - News -

PropTech start-up aims to cut housing transaction time down to two days

  • 28/06/2017
  • 0
PropTech start-up aims to cut housing transaction time down to two days
An online platform which brings together all the information associated with a property transaction has claimed it can help cut move times down to just two days.

Proptech firm Properr has launched Track My Move, a single application which can be used by most people involved in the move, from the buyer and seller to the estate agents and conveyancers. It argues that by bringing together all of the key information in just one place, it will cut down the time spent chasing up documents over the phone or by email, and eliminate delays caused by misunderstandings and missed correspondence.

Track My Move is cloud-based software, and protects documents by using “military grade encryption”. Contracts can be drafted, generated and signed online, while buyers benefit from instant notifications when certain moving milestones are met.

Properr has raised £850,000 in a funding round led by Finance Wales to support the roll out, and has already signed up a number of Welsh estate agents ahead of a full launch across the UK. It will make its money by charging estate agents a subscription fee, and claims it will have at least 1,000 estate agents on board within 12 months.

Owen Derbyshire, the firm’s CEO, said that the current housebuying process is “archaic, inefficient and stressful”, and said Track My Move will help cut the time taken to complete a transaction down from the current average of 12 weeks to simply a matter of days.

He told Wales Online: ““Despite it being the biggest transaction most people will ever make in their lifetime, buyers and sellers often experience frustration over the lack of transparency in the process. Meanwhile, estate agents’ cashflow is affected as they don’t get paid until the transaction is complete. Track My Move is a big leap forward in transparency and accountability for all concerned.”


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • Jo Wilson from Legal & General Home Finance talks about her Best BDM nomination and her love for the equity release…
  • Sponsored content: Four reasons your client wants a product transfer by Halifax Intermediaries…
  • Nationwide trims rates as Accord ups cashback on buy-to-let deals -

Read previous post:
Pete Thomson
The Mortgage Lender improves service terms for select distributor panel

The Mortgage Lender has agreed streamlined service arrangements and enhanced products for a Premier Panel of specialist distributors.