Buy-to-let company creation and management platform GetGround has launched new service, ‘GetProperty’.
GetProperty is an all-in-one property investment service created with the aim of supporting and guiding landlords through the process of buying investment property.
Moubin Faizullah Khan, CEO of GetGround, said: “Buying investment property is a convoluted process made up of disconnected parts.
“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.
“GetProperty solves this. Whether a customer requires the education and confidence to invest or signs up for our market-first packages of lending, conveyancing, incorporation and property management services, we’ll be there to make the experience better.”
In a survey of several hundred property buyers conducted on behalf of GetGround in August 2022, 77% of landlords said that the process of buying a property decreases their appetite to buy.
Four in five of them (78%) reported that at least one of their buy-to-let transactions has fallen through and almost all landlords surveyed (95%) said the cost of buying investment property has increased over the past 12 months.
For 88% of landlords surveyed, reducing the time taken to complete a purchase is key to improving the buying process.
71% called for better ways to source good property and the same proportion believed lowering transaction costs can make the process better.
In direct response to this widespread dissatisfaction, GetProperty has been designed and developed by GetGround in order to transform the investment process.
Combining GetGround’s existing data-led technology with expertise from buying process specialists, GetProperty brings together the various components of the property purchase experience on behalf of a customer and coordinates them all in one place.
Since its launch in 2020, GetGround has established an active partnership network of over 1,300 businesses.
Faizullah Khan said: “In the past 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.
“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.”
