PropTech firm branches out into buy to let purchase service

GetGround - which until now has been a service to help landlords form companies - has launched GetProperty, a service guiding landlords through the process of buying investment property.

Once a suitable property is found - based on the landlord’s budget and investment aims - GetGround claims to coordinate clients with conveyancers, brokers, letting managers and furniture suppliers, plus ongoing support such as tax accounting.

A GetGround survey last month found that 77 per cent of landlords said that the process of buying a property saps their appetite to buy, with almost four in five saying they have had experience of a potential purchase falling through. For 88 per cent of landlord respondents, the major improvement in the process would be a reduction in time spent on the exercise. 

Moubin Faizullah Khan, chief executive of GetGround, says: “Buying investment property is a convoluted process made up of disconnected parts. It costs too much, takes too much time and comes with too high a risk of failure. It’s a failed system that’s hurting not just landlords and investors but the millions of people who rely on our private rented sector to be healthy, buoyant and active.

“In the last two years we’ve established a strong, loyal and expansive partnership network spanning more than 1,300 partners across the whole of the property investment market. GetProperty is a natural next step in GetGround’s development. With GetProperty we’re leveraging this network to offer the sort of one-stop-shop purchase experience landlords want but can’t find, in a way that generates leads for our partners and reduces time and expense for our customers.”

GetProperty clients wanting the buying service have three packages to choose from - ‘Self Starter’ which is free; ‘Helping Hand’ at £1,588; and ‘Peace of Mind’ costing £5,888.