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PROPTECH-X : News Roundup – TPFG in £20M deal | Martello partners with Propflo | Sprift gains more users

TPFG & nurtur.group in £20M deal

TPFG growth continues with the acquisition of The Guild of Property Professionals and Fine & Country.

The Property Franchise Group PLC (TPFG) has acquired The Guild of Property Professionals and Fine & Country (part of nurtur.group). The combined business will comprise of a network of over 1,800 outlets across the UK and internationally, bringing together a wealth of experience and expertise.

 

Iain McKenzie, comments on behalf of The Guild of Property Professionals and Fine & Country, “Myself, Nicky Stevenson and the Senior Management Team are genuinely delighted and excited by the opportunities created by our two businesses coming together, placing The Guild Members and Fine & Country Licensees under an established and growing organisation, broadening TPFG’s geographical footprint.

We have a proven track record of delivering innovation and marketing services to our Members and Licensees, and as a consequence of now being part of a larger group our customers will benefit from existing supplier partnerships, allowing us to introduce significant additional benefits”.

Gareth Samples, CEO of TPFG added “The latest acquisition continues to deliver on our wider strategy of delivering breadth and depth to our network, further enhancing TPFG’s recurring revenue streams. I am really excited about working alongside Iain McKenzie and the team to continue the growth across the Group and providing additional benefits to our network”.

Andrew Stanton, ex NED of nurtur.accelerator & CEO of Proptech-X & Proptech-PR comments, “Knowing the strengths of all the businesses in this ‘marriage’ the vast strategic strength of aligning both UK and global brands is a perfect fit, and I know that Iain & Nicky will add a significant depth of experience to the already vast amount of wisdom within the Property Franchise Group, which with Gareth Samples at the helm looks to dominate the agency vertical”.

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Martello partners with Propflo to be first search provider to offer energy efficiency risk mitigations

Martello has partnered with Propflo to be the first to bring a one-stop-shop for green home improvements into conveyancing searches. The two leading South West proptech companies are working together to help prospective buyers and homeowners take action to mitigate risks around poor energy efficiency, wellbeing, and net zero for a property.

Propflo’s ‘GreenVal’ tool will be featured in reports and has been designed to take the complexity out of retrofitting. With £250bn investment required to bring UK properties up to standard, and 80,000 homes needing to be retrofitted per month, it is a key priority for the country. However, homeowners lack information and the process is currently disjointed.

The GreenVal retrofit tool

Through Martello’s climate change section of the report, GreenVal will enable the property owner and prospective buyers to:

A)   View the short and long term benefits and costs associated with making a property more energy-efficient

B)   Get quotes for a wide range of home improvements, from accredited local and national suppliers

C)   Explore low-cost and do-it-yourself improvement opportunities, available for direct purchase

D)   Gain insight into the impact a property can have, by rating factors such as thermal comfort, air quality, and financial stability.

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Seven months since the new Property Material Information parts B and C regulations were introduced by (NTSELAT), Sprift is seeing an increasing number of agents using their service to keep agents compliant and speed listings going live.

Possibly adding impetus are other factors like Rightmove recently pointing out the need to be fully compliant. Rightmove stating, on its website that whilst NTSELAT’s latest guidance is not a legal obligation but,

‘Technically, this is what’s referred to as “non-statutory guidance.” A court would expect you to adhere to it and for you to have a very good reason if you are not compliant, but it is not “law.” However, non-compliance with the guidelines could be viewed as a breach of the Consumer Protection Regulations which could result in a fine of up to £5,000. From 1st July, non-compliance will also be a breach of the Rightmove T&Cs, which, for repeated breaches, could result in a membership being terminated’  

(source https://hub.rightmove.co.uk/material-information-on-property-listings-what-you-need-to-know/ ).

A spokesperson from Sprift commented on why they think more and more agents are using Sprift as a one stop solution,  

“All of the information required by agents to assist with Material Information Parts A, B and C is included within the standard Sprift subscription fee at no additional cost.

Agents – using the Sprift platform can generate and check the information required to comply with parts A, B and C of Material Information in minutes. The data the Sprift platform provides means that only minimal additional questions need to be asked of the Vendor to confirm all the information required in order to prepare the particulars and start marketing the property.

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Andrew Stanton’s PROPTECH-X ‘Proptech & Property News’ in association with Estate Agent Networking & News Now publications. #proptech #property #realestate #digitaltransformation #startups

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Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 100K followers & readers, he is the 'Proptech Realestate Influencer.'

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