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Proportunity raises £2M seed for its ‘help to buy’-style property lending

Proportunity, the startup that provides “help to buy”-style equity loans primarily for first-time property buyers, has raised £2 million in additional funding.

Founded in 2016 by Vadim Toader and Stefan Boronea, Proportunity wants to help first-time buyers purchase a home that is more suited to their needs than a mortgage alone might afford.

This, claims the startup, also enables the home buyer to potentially purchase a larger or better-located property, and reduce the amount of interest charged by the mortgage lender in the long term.

Like Help To Buy, when you sell the house or remortgage it in within five years, you have to repay the Proportunity equity loan at 15% of the current market price.

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