Nigel Purves – Wayhome founder
As those of us who heard Nick Lyons speak at the equity release summit last week will remember, there are two great stores of wealth in this country. One is our stock of funded pensions and the other our stock of housing.
The equity release product unlocks capital from the housing stock and is generally used to supplement pensions. But we heard during the summit of many pensioners using their house to create the deposit needed to getting Next Gen onto the housing ladder. This is all well and good but doesn’t work for those for whom the bank of Mum and Dad is closed.
For those in “generation rent” who want to get themselves onto the housing ladder , the choices are more difficult
- Save for a deposit – easier said than done with current rental prices
- Take out a high loan to value mortgage – expensive and hard to get unless you are very well paid
- Wayhome
You can get a taster for Wayhome from this video
Gradual Homeownership from Wayhome from Wayhome on Vimeo.
Wayhome was last at the Pension PlayPen in 2017 when it was starting out as “Unmortgaged”. Back then it was Nigel and Rayhan Rafiq-Omar , Rayhan (the original CEO) left in 2019 but Nigel has shown remarkable persistence (as has Pension PlayPen)
We enjoyed hosting them then and are pleased to welcome back, not this time as a Counting House lunch but at a Pension PlayPen Coffee Morning. We’ve followed them in between as they found investment from Allianz and are pleased to see things working out.
We last came across Nigel at the DG publishing innovation summit , pictured below 
As a reader of this blog you can go for free, though we would like you to sign up to a http://www.pensionplaypen.com subsumption
Here’s your free blog-reader’s invite.
INVITATION – Online Coffee Morning – Can Institutional Investment solve the UK housing crisis? CPD included
Type – Online
When – June 4th, 2024 at 10:30 am
You are cordially invited to attend our next event in which Nigel Purves, Co -Founder and CEO of Wayhome will be presenting his thoughts and analysis on the UK Residential property market and how institutional investment could help.
A whole UK generation is increasingly locked out of homeownership with c5.5m households (c10m adults) privately renting, c2x in 20 years.
- Why does home ownership matter?
- The problem with institutional investors being underweight in residential propoerty v global benchmarks?
- What are the solutions?
- How can institutional investors address the UK housing crisis?
- Why now?
- What is Wayhome?
This should be a very thought provoking presentation with much to dicuss under Q&A.
For paying members:
For Non paying members:
PLEASE PURCHASE A TICKET VIA EVENTBRITE HERE
Hope you can join.
