PropTech innovator Yourkeys has teamed up with over a dozen of the country’s top housebuilders and estate agents, to launch over 1,000 units with their new ‘automated reservation technology’. The Yourkeys ‘Reservation Engine’ completes all of the due-diligence, forms and checks needed for a house purchase in minutes, which means that buyers can get into their new homes faster than ever before.
With the fall through rate on reservations reaching nearly 40% in 2018, Yourkeys use clever technology and smart integrations to dramatically accelerate the time to exchange of contracts. They do this byautomatically pulling together over 200 sets of verified, reliable data about the property and the buyer in real-time, which allows the conveyancers, lenders and mortgage brokers to proceed immediately. The industry average for getting to exchange is 60+ days, Yourkeys aims to help buyers do it in less than 10days.
This is a welcome change to an industry that has come under incredible pressure in recent years to rectify its processes, improve the customer journey and reduce the amount of fees wasted on transactions that don’t complete. 29-year-old CEO Riccardo Iannucci-Dawson is the entrepreneur behind the Yourkeys innovation. Already a winner of the coveted Young Entrepreneur of the Year award, Dawson is challenging the status quo by delivering a new suite of tools that fundamentally change how House Builders, Developers and Estate Agents can sell their new build properties.
Over the last 12 months Yourkeys has been working closely with some of the country’s top property experts to improve the process, including with the Home Buying and Selling Group (HBSG) and the Conveyancing Association.
Dawson came up with the idea for Yourkeys while working as Sales Director for a well-known House Builder. He says: “Yourkeys is the result of lots of talented people with a shared vision, collaborating to make the process better. The Reservation Engine is the start of the journey for us; we’re currently focussed on the new-build sector, but we plan to launch our product into the second-hand market in 2020.”
