HM Land Registry Blog - Featured by Proptech-X
We are incredibly grateful for the support from Andrew Stanton, who recently shared our latest Blog with HM Land Registry.
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From Andrew Stanton, founder of Proptech-X:
“ Opening the door to easier property transactions
Full disclosure I and my dog Zara really like and trust in a special young man Michael Wadsworth, Founder of Proptech adoor. Who we usually find hard at work in his garden shed when we get on a video conference call. It is a big shed and that is important because Michael has a big future ahead of him. He is not a client of PROPTECH-PR. A Consultancy for Proptech Founders.-PR ‘A consultancy for Proptech Founders’ but we have over the years been gently nudging Michael on, as he definitely has star quality and grit. It helps that he is working with Geovation & HMLR which many of my daytime clients also are or have been, because that means his company will be in the correct shape to scale.
The following has been recently published on the Gov.UK HM Land Registry website, I reproduce it in full, as it gives an excellent thumbnail sketch of what Michael and his team have been up to. And if there is anyone out there in my community who feels they could help Michael move all of this along, (as he does have a day job too), I would on a personal level be extremely grateful.
Over the years I have met only a handful of Michael’s – founders who are going to get there, it is just a matter of how quickly and with whose backing, so anyone looking for someone exceptional who understands his space backwards you know where to find him. The following then is taken from HMLR website dated 19th October 2023.
Property technology (PropTech) provider adoor with Founder Michael Wadsworth joined the Geovation Accelerator Programme in October 2020 – a programme backed by HM Land Registry and Ordnance Survey which provides geospatial and PropTech start-ups with grant funding and 12 months of support.
Michael explains why he and the team set up adoor ‘Currently, transactions take over 151 days on average to complete and nearly half of the transactions fell through in the first quarter of 2023. Conveyancers and estate agents are battling higher caseloads, with more enquiries, meaning they have less time to complete tasks “
Read the full HMLR Blog here: https://hmlandregistry.blog.gov.uk/2023/10/23/opening-the-door-to-easier-property-transactions/