8 years ago

StrideUp Raises £1.6 Million to Make Shared Homeownership More Accessible

  • StrideUp, a UK startup founded by former Deutsche Bank employees, aims to make shared home ownership more accessible

  • The company allows individuals to buy a portion of their home while renting the remainder, providing an alternative to mortgages

  • StrideUp's platform assesses buyers, provides budgets, and helps find properties

  • The company works with institutional investors, who provide financing and receive returns from rent and property appreciation

  • StrideUp has secured £1.6 million in seed funding led by Picus Capital and angel investors.

      • ProblemFinancial Services

      "It's becoming increasingly difficult for people to afford to buy a home in the UK. House prices are rising faster than salaries, and mortgages are becoming less accessible. Shared ownership schemes exist but are constrained by supply. Many people are stuck renting and have no way to get on the property ladder."

      Solution

      "StrideUp lets you buy a portion of your home while you continue to rent the remainder. This provides a more flexible alternative to a mortgage. You can gradually increase your ownership stake over time until you eventually own the home outright. You can buy any property on the open market, and you don't have to wait for years on a waiting list."

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