Stairpay is a platform that simplifies shared ownership for first-time buyers by providing tools to forecast monthly costs, track property value, and automate the staircasing process. It addresses the complexities of shared ownership transactions by offering a staircasing calculator and free property listing services, enabling users to manage their ownership journey efficiently.
Funding
$962.8K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Shared ownership property buyers face challenges in forecasting future monthly costs, tracking property value, and navigating the complex staircasing process to full ownership. The process often involves outdated information and a lack of transparency, making it difficult for owners to make informed decisions.
Solution
Stairpay is a platform designed to simplify shared ownership by providing tools for forecasting monthly costs, tracking property value using Land Registry data, and guiding users through the staircasing process. The platform offers a staircasing calculator to determine affordability and stamp duty implications, along with a free property listing service for those looking to sell. Stairpay also facilitates the purchase of smaller shares (as low as 1%) automatically, automating legal documents to streamline the process.
Target Audience
The primary target audience is individuals who currently own shared ownership properties and are looking to forecast costs, track their property's value, or staircase to full ownership, as well as those looking to sell their shared ownership property.
Features
- Monthly home price index (HPI) valuation based on Land Registry data.
- Staircasing calculator to determine affordability and stamp duty implications.
- Free property listing service on major property portals.
- Automated purchase of shares as small as 1% (subject to lease terms).
- Automated legal document processing for staircasing.
- Resident portal for managing shared ownership information.
- Stairpay Academy offering free guides on shared ownership and staircasing.