Track announces full app launch to assistance immature homeowners drastically urge a antiquated knowledge of handling home finances.
The new era of homeowners, conditioned by a arise of fintech, design sharp online products. They can now also conduct domicile finances from one simple, beautiful, connected mobile app.
The series of UK first-time buyers – normal age of 33 – is during a top turn in over a decade, with first-time customer mortgages in Sep augmenting by 1.6% year on year and outstripping home movers. However, this organisation of homeowners has a singly severe set of characteristics. Sky-high residence prices have forced many to co-finance a squeeze with partners and parents, though while common finances among younger homeowners is common-place, there’s a flourishing enterprise to maintain
Track founders Byron McCaughey Henry Oakes, who met while study during Imperial College Business School, set out to build an app that recognises these hallmarks of a immature homeowner – from formidable tenure and ‘together though separate’ finances, to a expectancy change brought about by a arise of FinTech.
Byron McCaughey, co-founder of Track, commented: “We have code new ways of handling all online from a stream accounts, to a pensions to a credit scores – and it struck us that there is zero out there for a biggest and many personal asset: a home.
“We built Track to give immature homeowners a clarity of empowerment, palliate and above all else, to take a romantic highlight out of income management.”
Track is now crowdfunding on Seedrs, following investment from Europe’s heading PropTech VC Pi Labs.