Breaking Property News 07/07/25

July 7, 2025

Daily bite-sized proptech and property news in partnership with Proptech-X.

 

The Depositary’s latest platform enhancements cut admin time by up to 95% and help agents achieve faster, fairer tenancy conclusions.

The Depositary has today announced the launch of two major new features- the Landlord Negotiation Consent Tool and an AI-powered Negotiation Assistant – marking a significant leap forward in how letting agents and property managers handle end-of-tenancy processes.

These innovations are designed to tackle two of the industry’s most persistent challenges: time-draining negotiations and slow deposit returns. With these tools now live, The Depositary enables agents to conclude tenancies in as little as 10 minutes- down from the traditional three hours in a manual process. This helps drive average reconciliation times toward The Depositary’s 10-day target (currently around 12 days)- compared to the UK average of 21 days.

“Tenancy conclusions are a necessary evil for most agents- frustrating, manual, and prone to delay. These tools flip that experience on its head,” said Kristjan Byfield, Co-Founder of The Depositary. “We’re giving agents the tech to be faster, more compliant, and dramatically more effective- all while delivering a better outcome and experience for both tenants and landlords.”

Key Features in Focus

🔹 Landlord Negotiation Consent Tool
Prompts landlords at the ‘proposal sign-off’ stage to grant upfront negotiation parameters (e.g., 90%, 75%, or a custom amount). This empowers agents to respond quickly and conclude negotiations without the need for constant back-and-forth.

🔹 AI-Powered Negotiation Assistant
Uses tailored prompts and tenancy law frameworks to generate professional, empathetic, and compliant responses to tenant counteroffers within seconds. Agents maintain full control, with the option to edit or contextualise any AI-generated response.

 

Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More →
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →