BREAKING PROPERTY NEWS – 24/08/2022

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

 

TDS backs OpenBrix with strategic partnership and investment

TDS, The Dispute Service, has made an investment in OpenBrix, agreeing a licensing deal for the blockchain-based property portal’s new venture, tlyfe, an app which will launch throughout the UK this year.

Not only has the deposit behemoth invested in the venture, but it has also signed a strategic partnership with the property portal to distribute the tlyfe app to tenants using TDS.

Leading up to the launch, the two companies have worked closely to develop the features set for inclusion in the app.

Adam Pigott, CEO at OpenBrix:

“This is an exciting day for OpenBrix. Our team has worked tirelessly to develop the technology needed to better serve the property sector. We can’t wait to share it with tenants across the UK.

“Having a distribution deal and strategic partnership with TDS will bring tlyfe to potentially millions of tenants. With their expertise in the PRS, and our industry leading technology, we believe we can connect all elements of the property market.”

Steve Harriott, Group CEO at TDS:

“We’re thrilled to be partnering with OpenBrix to help develop tlyfe, an exciting new tenant app to help tenants manage their deposit and their renting experience. The investments we make are all about driving innovation, and ultimately making life easier for our customers.

“We’re really looking forward to working with the team at OpenBrix to put tenants across the UK in control of all their property needs using tlyfe.” 

London is home to 24% of the nation’s HMOs, says new research

According to recent market analysis by Revolution Brokers, almost a quarter of all HMOs in England (24%) are located in London, but it’s in the South East and East Midlands where most of the opportunities lie.

Revolution Brokers looked at the distribution of HMO levels across England, casting a light on the availability of HMO investment opportunities by region.

They say that almost 56,000 HMOs are registered in England. 13,528 are within the capital city.

The East Midlands is host to 10,737 HMOs, accounting for 19% of the national total.

The South West follows with 16% of the national share, with the South East (12%) and the West Midlands (10%) trailing behind.

The North East only accounts for 1% of the country’s HMO stock.

Almas Uddin, founding director of Revolution Brokers, said: “When it comes to the HMO capital of the nation, London continues to dominate the market and it’s easy to see why.”

“As the nation’s capital, there is also a revolving door of tenants, both domestic and international, moving to London to live and work. As a result, void periods are also far lower which again helps to maximise returns.”

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

Housing Ombudsman’s report demonstrates necessity of vibrant and growing private rental sector

Following a recent report from the Housing Ombudsman titled ‘Spotlight Report: Repairing Trust’, which revealed that 2024/25 witnessed a 474 per cent surge in complaints about poor living conditions compared to 2019/20, Propertymark has stated that this demonstrates the necessity for a vibrant and growing private rental sector. Referencing the UK Government’s ambition to construct…
Read More
Breaking News

Inheritance Tax Receipts raise £1.5 billion in two months

Inheritance tax receipts hit £1.5 billion in the first two months of the current tax year, according to data released by HM Revenue and Customs (HMRC) this morning. This is £98 million higher than the previous tax year, and continues an upward trend over the last two decades. Nicholas Hyett, Investment Manager at Wealth Club…
Read More
Breaking News

Propertymark Responds to Boiler Scheme Consultation

Responding to the Department for Energy Security and Net Zero’s Boiler Upgrade Scheme and Certification requirements for clean heat schemes consultation (England, Wales and Scotland), Propertymark has stressed the concerns of property agents that landlords are struggling to afford energy efficiency improving measures and warn that the scheme must evolve to protect the availability of…
Read More
bank of england interest rate
Breaking News

Industry Reaction to Bank of England’s decision to hold interest rates at 4.25%

Following a previous cut in May, the rate has today been held at 4.25%. This comes as a result of inflation easing slightly to 3.4% (May 2025), but remaining higher than the Bank of England target rate of 2.0%. The decision to hold the base rate by the Monetary Policy Committee was the result of…
Read More
Breaking News

Rents Climb as High as 17.4%

The latest market analysis by London lettings and estate agent, Benham and Reeves, has found that rents across Britain have surged by as much as 17.4% in some areas since the Labour Government adopted the proposed Renters’ Rights Bill which is likely to become law later this Summer after the Bill enters the House of Lords…
Read More
Breaking News

Breaking Property News 19/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Cloud-based practice management platform launches at Taylor Rose Taylor Rose parent AIIC Group rolls out cloud-based practice management platform AIIC Group (“AIIC”), the legal group behind law firms Taylor Rose, FDR Law and Kingsley Wood, is rolling out a new fully cloud-based practice management…
Read More