Assetz Exchange rebrands to Housemartin
Social housing lender Assetz Exchange has stepped away from the Assetz group of companies and rebranded as Housemartin.
The rebranded company will continue to be led by managing director Peter Read, but will no longer be affiliated with Assetz Capital and its subsidiaries.
“Housemartin is more than just a name change; it’s a reflection of how far we have come,” said Read.
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“Just as a house martin builds a nest, it represents our renewed commitment to creating much needed quality homes for people who desperately need support.
“We are excited to embrace this fresh chapter, providing a constant flow of quality crowdfunded homes producing hands off, inaction-linked returns that bring new investors into the sector, democratising property investment.”
Read added that Housemartin intends to leverage the rebranding to grow its user base so that it can “dramatically” increase the number of people it helps provide homes for.
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Housemartin operates under a crowdfunding model, allowing retail investors to pool their funds in order to finance social housing projects.
Housemartin has predicted that the ongoing migrant crisis creates an urgent need for supported housing in the UK, and it intends to ramp up its fundraising activities to plug this housing gap, and relieve the pressure on public services.
The firm added that it will shortly be announcing the next round of fundraising to help in the next stage of its growth.
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