Kettel Homes, founded in 2020, is the UK's first open market rent-to-own programme designed to assist first-time buyers in achieving homeownership. The company's slogan, "The UK's first open market rent-to-own programme that helps first-time buyers achieve their goal of homeownership", encapsulates its mission. As an innovative entrant in the Prop Tech, Fintech, and Real Estate sectors, Kettel Homes seeks to address significant barriers to homeownership, including increasing house prices, stringent lending criteria, and stagnant wages.
The average age of first-time buyers outside of London has increased by almost three years since 2006, ultimately contributing to a 25% decline in homeownership for young people in the UK. Kettel Homes aims to reverse this trend with its unique model, gaining backing from socially conscious investors such as the Fair by Design Fund (Ascension), Nationwide Building Society (NBS Ventures), and Entrepreneur First.
Their last funding was a Pre Seed Round on 01 May 2022, with investors including Ascension Ventures, NBS Ventures, and the Fair By Design Fund. With headquarters in the United Kingdom, the company's approach signals significant potential for growth and impact within the market.