A concierge service that is due to launch in the New Year will pay agents referral fees.

The Property Innovation Network has released no precise details of its offering but claims it will save city dwellers and workers £1,000 a year, while generating income for agents.

Aimed at tenants, owner-occupiers, developers and landlords in both residential and commercial sectors, PIN has recruited two advisers to its team.

They are online agent entrepreneurs Adam Day, who founded Hatched and until recently was with Emoov, and Graham Lock, who co-founded House Network.

Day said: “This is a product that can not only add revenue, but will also save time and hassle as well.”

Lock said: “I’m delighted to be joining the team. The rental market is facing some significant challenges including the impending tenant fee ban.

“PIN’s innovative concierge packages will not only help to bridge the lost revenue gap but will also increase service levels. It’s a win-win for all.”

The team is led by CEO Christopher Moon who said: “We’ve created an ecosystem driven by slick tech and supported by insurance protection, which seeks to optimise the entire live/work experience.”

The launch is due to be on January 8, and EYE understands that the concierge service is intended to be just the first of PIN’s offerings.

http://pin.ventures/