easyProperty has become the first online estate agency in the UK to link with an online platform that permits the exchange of legally binding contracts online.
The technology will be supplied by Clicktopurchase, a firm that has until now often been associated with online auctions and some commercial deals. It describes itself as the first – and currently only – platform in the UK to enable clients to buy and sell properties securely over the internet.
Purchasers can submit an online offer which ClickToPurchase says “generates a legally binding offer to treat in the form of a draft Memorandum of Sale with an encrypted buyer’s digital signature.”
Should the vendor wish to accept the offer “the agent is able to do so through an interface whereby the contract note is digitally signed on behalf of the seller and the transaction is legally exchanged instantly.”