Smartphone app used for deposit transfer


As technology becomes an increasingly important tool for estate agents and home buyers and sellers, it perhaps comes as no surprise to hear that an app called ‘Pingit’, created by Barclays bank, has just been used to pay the £23,000 deposit on a south London home sold at auction. It’s thought to be the first property transaction of its kind in the UK – but will undoubtedly not be the last technological advance we see introduced to the property sector…

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