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To close the generational wealth gap by empowering customers through home ownership.
Getting on the property ladder has begun to seem off-limits for many would-be buyers, with steep deposits making affordability tough for UK citizens on median salaries. Whilst the UK government’s Help to Buy scheme is intended to help buyers raise deposit funds, it limits purchases to new build properties. This has created a niche for the private sector, and Ahauz is hoping to fill it. The company offers equity loans of up to 25% of a home’s value to help boost the deposit, on any home.
Founded in 2016, the company launched in late 2021 and already reports a couple of (unnamed) building societies agreeing to offer mortgages alongside their loans. With four broker firms on board too, it has plans to steadily increase its presence in the broker market. Ahauz’s growth is coming at a potentially lucrative time: in spite of price hikes, the number of UK first-time buyers is at the highest it’s been since 2002. So Ahauz’s target market is growing, and enthusiastic.
The company will have to fend off competition from the new London-based startup Proportunity, which offers an identical equity loan scheme with interest rates similarly starting at 6.99% and is also VC-backed. If Ahauz can continue with the strong fundraising it has demonstrated to date, it could capitalise on its head start.
Kirsty
Company Specialist at Welcome to the Jungle
Jan 2018
$3.7m
SEED
This company has top investors
Karthik Srivats
(Co-founder)Previously worked in financial planning and analysis at Care.com
João Rocha
(Co-founder)Previously a Growth Strategy Strategy consultant at AMR International, before working as an Independent Strategy Consultant at C&R Consulting