New real estate website, Levridge, launches

There's a new property platform that's looking to end the feud between the younger and older generations when it comes to purchasing real estate.

And that homebuying platform is New Zealand-based Leveridge. The platform offers a new way to co-own in the New Zealand housing market by connecting prospective first-timers with the average investor.

Amy Wilkes, who is the Director of Levridge, says the new platform was created with helping people who struggle with first-time buying in mind.

“The Levridge co-ownership model helps first-home buyers into the property they want, with very little requirements and limitations on what and where they can buy. It also provides for everyday investors who want to boost their retirement savings without taking on a hefty mortgage or the strain of being a landlord. Basically, the investor puts up the deposit, and the buyer owns the house and services the mortgage. At the point of selling the house, they split the capital gains 50/50.

“Our online platform helps to match first-home buyers with everyday investors, to ensure their house-buying preferences are aligned. It’s a bit like a dating site really, but for buying property."

— Amy Wilkes, Director of Levridge

Amy Wilkes is an award-winning mortgage broker, having worked across every sector of the property market, and has launched other endeavors in the past, including investment company Wealth Works. Wilkes saw there were issues when it comes to investing, and helped shaped the Levridge business model to address these issues.

“Too many young Kiwis are struggling to raise a deposit to buy their first home, and too many mature New Zealanders are nearing retirement without sufficient funds to retire comfortably. It dawned on me that instead of playing the blame game, these two different groups of people could actually help each other get closer to financial security. Levridge is a solution for New Zealanders at both ends of the property and investment lifecycle."

— Amy Wilkes, Director of Levridge

SOURCE Levridge
Edited by V. Haviland

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