Proptech firm BLOXX has unveiled a new homeownership model that enables buyers to access ownership with a 1% deposit through fixed monthly payments, without mortgages or government subsidy.
The fintech says delivering 1.5 million new homes will require a “new residential asset class and capital model that unlocks supply while opening up access to homeownership”.
Co-founders Chris Smith and Cliff Curtis say the housing challenge is “no longer just about supply”. Rather, “it is about creating a flywheel that generates demand from new homebuyers to support the economics of delivering new homes at scale while addressing the growing number of landlords exiting the market”.
BLOXX introduces an alternative pathway to homeownership that enables buyers to secure a home with a 1% deposit and build equity through fixed monthly payments – similar to the cost of renting and cheaper than a mortgage.
First piloted in New Zealand, the platform’s waitlist has grown to nearly 4,000 households in less than a year, representing a NZ$3 billion pipeline.
The UK launch follows the recent unveiling of ĀRIKI BLOXX, a model that aligns capital with communities to enable long-term, equitable housing solutions which is currently being piloted with indigenous communities in New Zealand.
BLOXX has been working with the UK government Office for Investment, senior officials from UK Treasury, UK regulators and Department of Business & Trade to pave the way to launch BLOXX into the UK market.
BLOXX says it is now actively engaging with UK capital partners, developers and policymakers as it establishes its UK presence.
Chris Smith, founder and CEO of BLOXX, said: “The UK housing debate has focused for years on symptoms. The deeper issue is structural. We are not building enough homes, and too many people who can afford monthly rental payments are not able to access financing to buy their home. At the same time, long-term capital is looking for stable, real assets, that deliver strong returns and deliver economic and social impact into communities across the UK.
“If we want to deliver 1.5 million new homes, we need a new way to fund them. BLOXX connects institutional equity directly to housing, lowering the upfront barrier for households while accelerating fully funded supply. This is about modernising the financial foundations of homeownership and stabilising a rental market that is losing supply. The UK has an opportunity to lead globally in adopting new housing finance models that widen access to ownership while helping unlock development at scale.”