Yourkeys offers housebuilders its software for free
Source: Showhouse Magazine
Date: 28th May 2020
Proptech innovator Yourkeys is offering housebuilders use of its digital sales progression platform free of any licence fees until the end of October.
The software facilitates faster progression of sales through a contact-free process.
It is directly integrated into over 2,000 conveyancers and mortgage brokers, meaning real-time sales progression updates are fed back into the Yourkeys platform.
Its newest function enables contact-free sales by allowing buyer checks, ID verification, automated document generation and reservation fees to be processed online.
Yourkeys has offered to waive its licence fee to assist housebuilders as the need for online transactions accelerated due to the coronavirus crisis.
CEO Riccardo Iannucci-Dawson said: “Our technology enables sellers to onboard buyers in minutes and entirely digitally. Our immediate objective is to get our product into the hands of as many housebuilders and estate agents as possible to help them digitise their processes and continue operating during these tough times.
“We realise this is a critical time for the sector. We started this business for the love of the industry, and we’ll fight tooth and nail to help our clients through it.”
Yourkeys usually charges a £250 licence fee per development per month but this has been waived and there will be no obligation to subscribe to the service when the offer ends.
The only charge to developers during the period to the end of October is a £50 transaction fee, charged per unit at the point of exchange.
Yourkeys was conceived due to Riccardo’s own frustrations with slow and complex transactions when he was working in the residential property industry. The software spent two years in development before launching and a recent funding round raised £2.9m for expansion and further enhancement.
Yourkeys launched at the beginning of this year and the platform already counts Vistry Group, London Square and Hill among its housebuilder clients.
Riccardo said: “Housebuilders see quick and tangible benefits from managing sales through Yourkeys. The time from reservation to exchange is typically reduced by 19 days and the time sales advisers spend on progressing sales is halved. Cancellation rates are reduced significantly because sales simply do not sit waiting for exchange.
“Perhaps most importantly, Yourkeys is simple to operate for housebuilders, estate agents, their customers and every stakeholder involved in the process.”