United Trust Bank (UTB) has linked up with Aprao to promote the benefits of digital solutions in the development finance sector.
Aprao is an online platform for the creation and management of property development appraisals. This cloud-based appraisal platform enables property developers to increase speed, efficiency, and accuracy when packaging new funding proposals.
Adam Bovingdon, head of property development – United Trust Bank, said: “We welcome this collaborative relationship with Aprao and the adoption of appraisal software which enables a consistent and accurate approach to the evaluation of development projects.
Rex warns of hidden costs of cheap PropTech solutions
“Although many of our customers are using very good self-built appraisal tools, we also recognise that appropriate digital solutions can improve productivity and responsiveness for new development finance proposals. A win-win for UTB and our customers.”
Daniel Norman, CEO of Aprao, added: “As a relatively new platform in the ‘proptech’ space, it’s important for us to build trust with property professionals. By offering a free trial and detailed training videos we can make it incredibly easy for developers to start using the platform right away. Most of our customers are up and running the same day they sign up, testing and benefitting from the system before ha having to commit to anything.
“An open and collaborative relationship between lenders, developers, and ‘proptech’ platforms is important in ensuring that digital solutions serve all parties, recognising their needs and helping to simplify and accelerate the property funding process.”