I am Solution Architect by profession.
Renting Market :
Renting in the UK is a huge business.
UK rents are expected to climb by 15% over the next five years, as the supply of rental accommodation dwindles while demand from tenants continues to go up. High demand, rising house prices, fluctuating mortgage rates and economic uncertainty have made it much more difficult to get on the property ladder in the UK over recent years. The result is an increase in the average age of first-time buyers and a generation who are likely to spend longer in rental properties than their parents. Statistically, to peer-to-peer lender Landbay, millennials are now expected to spend more than £100,000 on rent before they buy their first home. Landbay estimate that those who never manage to take that step onto the ladder and purchase their home can expect to pay a massive £1.1m to landlords in rent during their lifetime, a sum which increases to £2.6m if they live in the capital.
About the platform :
I personally believe technology can help provide a hassle-free, effective and economical solution to rental demand. There is a huge market gap in terms of the availability of renting platforms that is free, user-friendly, expedient, time-effective in finding the ideal property in one go. The platform will be a one-stop solution for all rental properties. A platform where landlord and tenant can connect effortlessly.
I want to set up a team of developers who can join me in developing this ambitious enterprising project and therefore need some funding. Please help.