Coadjute Blockchain Technology

Automation

Why the stamp duty rush highlights the need for automated processes

Automated processes could be the best solution to meeting increased demand in the housing industry. The Covid-19 pandemic, the stamp duty holiday, and the 95% mortgage scheme have contributed to the increased housing demand across the UK. The surge in activity continues to put pressure on those working within the property industry. Working quickly to meet deadlines and avoid delays with larger volumes of clients, paperwork to complete, and transactions to the process have made the landscape more challenging. On June 30 2021, the first term of the stamp duty holiday will end at a £500,000 house value threshold. After June 30 2021, the threshold will be reduced to £250,000 until September 30 2021. Automating transactions, sales progression and tenant maintenance reporting could allow more time to speak to prospects, network with landlords or carry out viewings. By automating these processes in a way that tailors directly to the agency, …

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