Technology gets buyers to exchange of contracts in just 7 days!
Tech innovator Yourkeys has partnered with MBU Capital, Dezrez Legal and case
management platform provider, Convey Choice, to make history in the sale of new build
homes. This partnership has accelerated the conveyancing process to regularly achieve
exchange of contracts in just 7 days, for MBU’s Park Place Development in Stevenage.
Yourkeys hit the headlines in early January with the first transaction on the Stevenage
scheme reaching exchange in 11 days. Since then, they have achieved 7 days on 3 separate
occasions by utilising the Yourkeys technology.
Justin Morris, CEO of Dezrez Legal stated; “Yourkeys has access to over 200+ different data
sources and instantly delivers much of the early stage checks, searches, and personal data
requests that could typically take us a few weeks. It’s my opinion that this solution is an
incredible breakthrough giving housebuilders the ability to collate all the upfront
information we need to accelerate the sale.”
Riccardo Iannucci-Dawson, CEO of Yourkeys stated; “Our solution automatically pulls
together all the upfront data required to process a transaction and then passes that data via
API down the supply chain into the brokers, conveyancers and ultimately lenders. This
removes ambiguity and gives everyone complete visibility of the makeup of a transaction
which then accelerates the time to exchange dramatically. Convey Choice, as well as many
other case management systems including LEAP and Redbrick Solutions have now signed up
to the Yourkeys network recognising the enormous benefits for their conveyancer and
Dawson also stated: “We recognise that these transactions are proceedable purchases that
are not in chains, which makes it slightly easier. However, given that the average transaction
time on these types of purchases are around 63 days, it’s a great step forward.
We’re currently working on a solution to help accelerate transactions within chains too,
more on this to come later this year!”
Renu Kiran, Managing Director, Convey Choice, said: “We’re incredibly happy to be a part of
the network which is helping improve the currently fragmented process. These first digitised
transactions mark a massive step towards dramatically changing the way property is bought
and sold. Following this, Yourkeys are set to bring the digitised conveyancing process to the
second-hand market by Q3 2020.”
Peter Beard the Marketing Lead of MBU Capital, stated: “Yourkeys have massively
accelerated the time to reach exchange of contracts and this is revolutionary, not only for us
but for the market in general. The problem with the sales process has always been that
there are too many people involved with no oversight of what’s happening.
Yourkeys stitches all the pieces together to give complete transparency without any
additional work or input of information with the upside that it can help reduce fall through
numbers as the client is way more invested in the process. Communication is key, as it
should always be in managing the transaction journey. In a really dated market desperate
for disruption, Yourkeys has finally delivered a 21st century solution.”
About Yourkeys – www.yourkeys.com
Yourkeys was launched in 2019 by Riccardo Iannucci-Dawson & Craig Massey, to accelerate the property purchase process & make the entire journey better for everyone involved
Contact: Please direct press enquiries to Craig Massey (Yourkeys Co-Founder).
Email: firstname.lastname@example.org Tel: 07917 88 76 76 / +44 (0) 20 8088 2300