Tuesday, 28 March 2017

Buying a house with an app saves time

SPECIALIST property auctioneers Savills Auctions have teamed up with Barclays to enable customers to buy houses via their mobile phones in what is believed to be a world first.

The Barclays Pingit mobile payments service was used by a homeowner who put down a £23,000 deposit on a new home in Mitcham, South London at a 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 of Barclays 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.

Sam Winser, an associate in the Savills London Auctions team, said: “Creating a service that allows a buyer to put down a deposit and transfer the money in a matter of seconds, such as Pingit, is really making a big difference to our speed and efficiency, allowing us to do more business, more quickly. It gives buyers the ability to send and for us to receive guaranteed funds immediately, which is obviously hugely advantageous.”

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