INSUBCONTINENT EXCLUSIVE:
Unmortgage, the London-based startup that lets you buy as little as 5% of a home and rent the rest, has announced a partnership with Allianz
Global Investors (AllianzGI) to create a new fund to be used to purchase properties offered via the platform.The AllianzGI-managed fund is
Rafiq-Omar departed last month
In other words, Rafiq-Omar was actually the CEO when the AllianzGI deal got across the line.Founded in 2016, Unmortgage attempts to solve
the increasing difficulty first time buyers face trying to get on the housing ladder as rising house prices typically outstrip wages
If people rent, they often cannot save the large deposit required for a mortgage
Unmortgage part-own part-rent proposition, renters can purchase as little as 5% of the property they want to live in, without taking out a
mortgage, and then rent the rest
will enable Unmortgage to purchase its ownership stake of the homes it buys in partnership with renters
