New proptech platform ‘could save letting agents up to £3.5m’
The UK’s “first digital tenant lease creation and execution platform” could save Scottish letting agents up to £3.5m a year, according to its founders.
Scottish proptech firm, Lettingweb, has launched its Letting Professionals Model Tenancy (LPMT) with legally binding digital signatures. For the first time, Scottish letting professionals and tenants can complete private rental tenancy agreements “entirely online, faster and more efficiently than ever before”, said the company.
It said that by speeding up the workflow and approval process, including dispensing with the signing appointment, along with savings on materials, postage and couriers associated with paper-based leases, agents can save up to £28 per contract, or the equivalent of £3.5m a year.
“We hope to make LPMT the industry standard,” said Ross MacDonald, of Lettingweb. “In this digital age, it is vitally important to conduct business in a trusted and secure online environment.”
“As a proptech firm, we are very focused on creating a lease generation and execution platform that is easy and practical for all our members to use. There is no doubt, too, that the time it saves is also a huge benefit to tenants.”
The launch of Lettingweb’s LPMT has received industry support. Steven Currie, director of Murray & Currie, said: “With the lettings industry subject to so much new and exciting change we have been delighted to be working closely with Lettingweb.”
“The Letting Professionals’ Model Tenancy is an excellent example of the industry working together to produce an excellent and robust agreement suitable for tenants, landlords and letting agents.”
Why innovation and marketing are the perfect partners to make changes that matter￼
With the rapid evolution of traditional marketing and the appearance of digital marketing, technology and innovation has become part of any marketer’s life without the need of working for a…
Transitioning to a four-day week – CEO’s vow to strike a healthier balance in the workplace
I came to Scotland nearly 20 years ago from Ireland, with no contacts but a lot of determination. While Ireland will always be my home, Scotland has given me amazing…
Women Lead: The female-led company championing intuitive working
Over the last two years, the pandemic forced a shift to more remote and flexible working practices. Whilst we might be seeing a “return to normal”, some companies are choosing…
Women Lead: My passion for young people to consider a career in digital
Twenty years ago, I stumbled across my career in digital marketing almost by accident. It was during my honours degree in marketing at Glasgow Caledonian University. I was on work…
Women Lead: Inclusive Silicon Valley cohort gives hope to entrepreneurs from diverse backgrounds
Things are happening on the Scottish tech scene. Big and small initiatives are creating a fantastic ripple effect on the sector, bottom up and top down, thanks to the recommendations…
Women Lead: The story of an entrepreneurial scientist
I first arrived in Scotland over 20 years ago. I had £75 in my wallet and a scholarship offer to do a PhD at the University of Edinburgh. Sometimes I…
Please mind the gap… or healthcare may fall
Imagine sharing a lengthy train journey with others. From beginning to end, imagine how often you might hear ‘mind the gap’ messages about embarking and disembarking safely. Picture how navigating…
Women Lead: My journey from Dragons’ Den to Silicon Valley
Following her appearance on Dragons’ Den, Sheila Hogan, serial entrepreneur, founder and chief executive of digital legacy vault, Biscuit Tin, shares her experience of her time in the Den and…