Lifestyle
UK startup automates shared ownership process to tackle housing crisis
London-based Stairpay has raised £750k in Pre-Seed funding to help first-time home buyers navigate the shared ownership process — and ultimately move to full ownership. For individuals facing challenges entering the (overcrowded) UK housing market, s
London-based Stairpay has raised £750k in Pre-Seed funding to help first-time home buyers navigate the shared ownership process — and ultimately move to full ownership. For individuals facing challenges entering the (overcrowded) UK housing market, shared ownership offers a potential solution. This government scheme allows buyers to purchase a share of a property (usually between 25% and 75%), while paying rent on the rest to a housing association that co-owns it. “Shared ownership is just one way of facilitating gradual home ownership,” Floris ten Nijenhuis, founder of Stairpay, told TNW. Automating shared ownership Founded in 2022, the startup has developed…
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