What is unmortgage?

Unmortgage is a UK-based startup that offers a unique way of assisting people onto the housing ladder. The company enables first-time buyers to purchase a home without requiring a hefty deposit by providing up to 95% of the purchase price of the property through a shared ownership scheme.

Unmortgage partners with institutional investors, who provide the majority of the funding needed to purchase the properties. Once a home is purchased through Unmortgage, the buyer then has the option to gradually purchase additional shares in the property over time, ultimately taking full ownership.

The company eliminates the need for a mortgage deposit and allows buyers to shop for homes priced up to £600,000. As of early 2021, Unmortgage has raised more than £30m in funding and has helped over 40 people purchase their first homes.

Unmortgage aims to make homeownership more accessible to people who struggle to save for a deposit or access traditional mortgage options. The company's team of experts helps buyers navigate the complex purchasing process and access appropriate financial options.