The number of people renting is rising rapidly and for too many, taking the first step onto the property ladder remains a distant dream. The ability to raise the required mortgage deposit is the significant barrier to realising the dream of home ownership.
At HomeNow, we believe the UK residential property market excludes those who may be able to afford to buy, but who are unable to fund a deposit or cannot access help from their family.
The combination of high house prices, high rental prices, whilst saving for a deposit make buying a home more difficult than ever. That's why we came up with HomeNow, a solution that helps tenants save for a deposit whilst renting a property they can truly treat as their own.
With HomeNow, tenants receive the security of fixed rent in a property they can treat like home whilst investors are safe in the knowledge that they have a long-term tenant who will treat their home with care.
At the end of the five years, the tenant gets a third of the property price increase which they can use towards a deposit. The investors also share in the increase in value. That way, both sides see the benefit – a perfect synergy.
Who are we?
We are a team of entrepreneurs who have years of experience in property investments and finance
George Burnett - Non-Executive Director and Chairman of the Board
George is the Co-Founder of Ashtead Group PLC (current market cap £12.1 billion) serving as Managing Director from May 1984 to February 2000 and Chief Executive Officer from February 2000 to December 31, 2006. George is also the former Chairman of the Board of Henderson Opportunities Trust plc (formerly Henderson Strata Investments PLC).
William Peppitt - Non-Executive Director
Will is a Director of Savills (UK) Limited, heading up their residential business across the South East. He qualified as a Chartered Surveyor in 1989 and was previously a partner at Hobbs Parker, a respected Kent-based multi disciplined property company.
Jonathan Potter - Founding Member
Jonathan is responsible for the initial idea behind HomeNow and his primary ongoing focus is new product creation, structuring and pricing to ensure our social and investor goals are achieved. In 2009, Jonathan co-founded (and was a Director of) CurrencyFair Ltd, a foreign exchange business headquartered in Ireland, with employees in UK, Australia, Greece, Hong Kong, Poland and Singapore. Prior to CurrencyFair, Jonathan gained 14 years’ experience in capital markets, starting his career at JPMorgan.
Matthew Pinnock - Founding Member
Matthew is MLRO and responsible for Compliance, Investor and Public Relations, Marketing and Risk Management. Prior to HomeNow, Matthew spent over 30 years in various roles within the Securities industry at various financial institutions.
Tim Porter - Founding Member
Tim is responsible for all day to day operations of HomeNow. In 2010, Tim joined CurrencyFair as a co-founding team member. Prior to CurrencyFair, Tim gained 10 years’ experience in the capital markets, specialising in the administration and analysis of structured finance vehicles. Tim started his career at Deutsche Bank AG in 2000.
Lord Bob Kerslake
Former Head of the Home Civil Service
Former Permanent Secretary in the Department for Communities and Local Government
Headed up the London Housing Commission report titled ‘Building a new deal for London’.
Chair of the 2070 Commission.
Tim Farron - MP for Westmorland and Lonsdale
Former Leader of the Liberal Democrats
Extensive experience in the planning sector and was appointed Spokesperson for Housing and Planning and the Northern Powerhouse in August 2019.
Has helped to shape Liberal Democrat housing policy during his time as leader.
Chairman Estuary Housing Association
Chairman Haven Gateway Partnership
Significant experience in development and housing association activity
Previously held senior positions in banking, aerospace and department for trade and industry.
Director, PricedOutResearch and Insight Manager, NCVO
Previously policy and quantitative research specialist in the housing association sector
Extensive experience on private rented sector issues including work on successful legislative reform campaigns
Advisory board member at London YIMBY and board observer at Nationwide Foundation
New End Associates
Alternative credit, real assets, and specialized private equity.
Core activities extend to private debt, private equity, real assets as well as venture capital.
Gagan Mohindra MP
MP for South West Hertfordshire
Private Parliamentary Secretary to the Department for Transport
Former Parish, District and County Councilor over a 16 year period. Previous responsibilities including Finance and Property lead member, Economic Development (including Strategic Planning), Chairman of Planning Committee