Wayhome | Press Releases
Summary
Modulr FS Limited is Authorised and Regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Customers should ensure they understand what this means before they use the Wayhome product.For full details relating to our regulatory position please see our Regulatory Information Page.Wayhome Property Management Ltd, a subsidiary of Unmortgage Ltd, is a member of The Property Redress Scheme (membership number PRS025713), which covers activities in relation to the purchase of the home, the setting up and management of tenancy and the management of maintenance of the home.Wayhome Nominees Ltd (registered in England and Wales, Company No. 13085562) is a subsidiary of Unmortgage Ltd.Its easy to confuse us with Shared Ownership, but were actually very different.We are delighted to continue to be in partnership with such eminent investors as Allianz X and Augmentum and to be working with game-changing new investors too.Due to the way that the Gradual Homeownership model works, the rising interest rates seen since Septembers controversial mini-budget have delivered even greater demand for our product. Led by existing investors Allianz X (Stripe, WeLab, CLARK), Augmentum Fintech (interactive investor, Tide, Zopa) and new funders Volution, Love Ventures and Cur8 Capital, the monies raised will provide cash runway to break even point as Wayhome continues to disrupt the conventional home buying space with their unique Gradual Homeownership model.Part of this strategy will be to forge further partnerships with mortgage brokers and lenders in the coming months as an important part of Wayhomes continuing growth and expansion. Wayhome currently boast an annual rate of \xa3100m deployed in customer property purchases and intend that the raise will assist the leadership team in doubling this to \xa3200m per year within 12 months.Were proud to support Nigel and the Wayhome team on their mission to expand access to homeownership.