Breaking Property News 18/11/24

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

 

Streamlined digital ID and source of funds checks means conveyancers can focus on conveyancing.

Client due diligence platform Thirdfort has partnered with UK-based legal technology startup ProConvey. Launched this week, the partnership integrates client onboarding and due diligence into a single workflow, making the onboarding process more efficient for conveyancers.

The alliance enables conveyancing firms to focus on legal work by combining ID and Source of Funds verification with all onboarding tasks in one streamlined tool. Through the ProConvey platform, conveyancers can access Thirdfort’s ID checks and AML services, eliminating the need for repetitive follow-ups and administrative tasks.

ProConvey, founded in January 2022 by former conveyancer Chris Scantlebury, has raised £500,000 in seed funding to support its mission to modernise traditional conveyancing processes. Unlike traditional CRMs, ProConvey was crafted with conveyancers and their clients in mind.

The platform goes beyond digitising forms and aims to reduce case times so clients can move into their new homes more quickly. With a focus on minimising manual errors and improving client satisfaction, ProConvey offers a customisable solution that adheres to rigorous security standards, helping firms boost efficiency without disrupting their existing operations.

Thirdfort’s mission is to protect society from fraud and money laundering. The platform offers simple and secure client due diligence checks for regulated professionals, through automated ID verification, anti-money laundering and Source of Funds checks on individuals and businesses conducting high value transactions such as buying property, drafting a will or instructing a financial advisor.

The new integration offers a better user flow as clients start Thirdfort tasks within the ProConvey platform, where they remain engaged through automated updates. The integration makes each step of the onboarding process clearer with built-in explanations and support, reducing confusion and questions.

Nicholas Hawkins, Director at Chartahouse Conveyancing, said: “Integrating Thirdfort with ProConvey has improved our client satisfaction by streamlining the entire onboarding process. Having all the services we use in one platform allows us to complete ID and Source of Funds checks quickly, enabling us to move cases forward faster and provide a more transparent and efficient experience for our clients”

Olly Thornton-Berry, co-founder and Managing Director at Thirdfort, said: “ProConvey’s straight-forward approach aligns with ours, and together we can offer conveyancers an effective, secure and flexible solution to do their client onboarding, management and due diligence. This partnership highlights our commitment to helping conveyancers work more effectively, cut down on the back-and-forth and ultimately speed up completion times.”

Chris Scantlebury, (picture above) Director at ProConvey, said: ” It’s been fantastic collaborating with Thirdfort, a true game-changer in our industry. Their commitment to innovation and support for conveyancers has been invaluable, and together we’re making real strides in modernising and streamlining the conveyancing process. This partnership underscores our shared vision of transforming the industry with practical, client-focused technology.”

Thirdfort has now verified more than 2m people on behalf of more than 1,500 conveyancers, lawyers, estate agents, accountants and other regulated professional services firms.

 

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

Breaking News

Changes to mortgage affordability to support sales as house price growth cools

House price growth has slowed to 1.6 per cent annually, down from 1.9 per cent at the end of 2024, as buyer interest cools and the number of homes for sale continues to expand Buyer demand is one per cent higher than a year ago, while the number of homes for sale is 12 per…
Read More
Love or Hate Rightmove
Breaking News

Rents rise to new record despite boost in supply

The average advertised rent of homes outside of London has risen to a new record this quarter of £1,349 per calendar month (pcm), however it is the smallest increase in rents at this time of year since 2020: London rents also rise by 0.1% (+£3) to a 14th consecutive new record of £2,698 pcm this quarter…
Read More
Breaking News

Size Matters in Planning

The House Builders Association (HBA), the housebuilding division of the National Federation of Builders (NFB) has reignited its campaign for the planning system to adopt five clear site size definitions, replacing the current, arbitrary ones of ‘Minor’ (one to ten homes) and ‘Major’ (ten and above). Richard Beresford, Chief Executive of the NFB, said: “In…
Read More
Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More