Leading specialist property auctioneers Savills Auctions and Barclays have created a partnership enabling customers to buy houses on their mobile phones, in what is believed to be a world first.
The Barclays Pingit mobile payments service has been used by a homeowner who was able to put down a £23,000 deposit on a new home in Mitcham, South London at the most recent Savills auction earlier this month.
Using Barclays Pingit, a Savills Auctions customer can now put down a deposit on a home by scanning a Savills QR code from within the Pingit app. The app will then show the full transaction details and once the customer selects the ‘OK’ option, the money is transferred in seconds.
Darren Foulds, Barclays mobile banking and Pingit product director said: “This shows the potential for mobile payments as services like Pingit gain more widespread use.
“For quick, secure transactions on the go, mobile is fast becoming a trusted method of making payments - whether from person-to-person or, as in this case, to pay a business.