Another new PropTech platform claims it can streamline the completion process - this time by coordinating the work of estate agents and legal teams.
WeComplete says its SaaS platform boasts unique software to include new business generation, quoting, client onboarding, anti-money laundering checks, proof of funds, lender integration, property searches, queries, certificates, forms, document filing, e-signature, payment collection, invoicing “and all communications between all parties.”
It also says that in “encourages agents to continue to play an active part of the property completion by uploading the property details, EPCs and aiding in communication throughout the case.”
“Despite a number of attempts to modernise the process, property purchases are still frequently subject to lengthy delays. Extraordinarily, this is often caused by parties corresponding by snail mail or waiting for people to meet face-to-face” claims Daniel Bell, a director of the firm.
“This is because the completion process is inherently complex, particularly when long chains are involved, which has made it extremely difficult to develop a solution that works for any transaction.
He says his platform is available in a white label format and allows communications via a client app, instant messaging and audio and video conferencing.
Clients receive automated notifications to their mobile or via email.
The service is likely to be up and running in the autumn.