Company: Keyzy
Founder: Jeremy Matallah and Simon Groll
Website: https://www.keyzy.com
Description: Keyzy is a rent-to-own solution designed to help clients across the UK break out of renting and become homeowners. Foregoing the barriers of a traditional mortgage, Keyzy lets clients move into their home immediately, convert part of their rent toward a deposit, and buy later at today’s locked in purchase price.
About Keyzy
Keyzy is designed to unlock home ownership by getting more clients into their dream homes, faster. Directly addressing the difficulty of building a deposit and getting a traditional mortgage, Keyzy came up with the offer to:
- Buy your dream home for you
- Rent it to you for a set period of time (3-7 years)
- Convert up to 25% of your monthly payments toward a future deposit
- Allow you to buy the home at the original price paid, minus the deposit
With house prices at an all-time high and youth home ownership at a 60-year low, Keyzy is on a mission to break the rent cycle. Many of Keyzy’s applicants – doctors, nurses, teachers, and civil servants – have been deprived of the opportunity to own their own homes due to decreasing effective income, rising rents, and increasingly strict affordability criteria.
Keyzy provides a way out. By letting customers move into their dream homes today and benefit as they rent, they can finally take advantage of appreciating property values as a renter and eventual owner. By locking in the option to buy their property at the original price paid by Keyzy, the company’s customers get a leg up onto an increasingly hard-to-climb housing ladder.
Why rent, when you can buy with Keyzy?
Why Now?
With millions locked out of the market, an innovative solution was needed to address the growing housing accessibility crisis. Founders Jeremy Matallah and Simon Groll started Keyzy with a belief that the stability of home ownership should be available to all.
The growing unaffordability and inflexibility of traditional mortgages has been particularly pronounced in the UK, with many renters fed up with the prospect of being locked out the property ladder. With the UK government’s Help To Buy scheme ending in October, Keyzy is setup to offer a more seamless and flexible solution to an even wider group of prospective home buyers, supporting properties ranging from £150,000 to £800,000 in value.
Keyzy has seen rapid growth in its waitlist, and is excited to help its customers become happy home owners.
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