Pinstat
- 3. We have a better idea 1. Pinstat finds your dream home based on your physical criteria, ideal neighborhood and lifestyle & interests. 2. Pinstat combines useful and trusted information and statistics about local neighborhoods 3. Pinstat is the one-stop location for all those who are looking to move.
- 4. “A dating site for your dream home”
- 8. For agents and sellers...
- 9. Problem one: Compe--on Lacking information Confusing Time-consuming Impersonal
- 10. Problem two: Scattered Information
- 11. Confidence is returning to markets
- 12. Estate Agents £300/month - sales £100/month - lettings Enticement packages: - Free trial - Discounts Revenue stream Private vendors £80/month - sales £40/month - letting
- 13. Around 10,000 estate agents in UK: - 50% sign up: business revenue £2,000,000 p/m - 10% sign up: we’d generate £400,000 p/m - 90% sign up: we’d generate £3,600,000 p/m Market Size - Estate Agents
- 14. We will use 90% on building the web service, the app, and marketing activity. (And 10% for business and operation administration) We are raising £100,000
- 15. Paid search and display advertising Social networks Localised print advertising Email subscriptions Onsite forum Customer Acquisition
- 16. Market expansion to other cities and countries Mortgage services Legal services for private sellers Future Opportunities for Expansion
- 18. Appendix
- 19. Mortgage Approvals Figure 1 one shows where the mortgage market really is today. In 2012, total new mortgage approval were £143 Billion, which is more than 100% less than the 2007 peak, at £363 Billion. The drop in new mortgage approval significantly outlines the shiK in the marketplace Figure 1 shows that when the financial crisis (the credit crunch) started in 2008, new mortgage approvals dropped nearly 43%, literally fulfilling the expression, “the credit crunch”. Banks and Building socie-es simply did not have the liquid resources to maintain previous lending levels and were forced to hold back “credit” in the market. Quarterly approvals We can see from figure 2 that there may be some sign of change in the market. In the 1st two quarters of 2013, new mortgages approvals as gone up in comparison to 2012 levels. Overall new lending in 2013 is expect to be higher than in 2012, which 2013 is expected to be £ 164 billion, which is £21 Billion higher than 2012. But the expected 2013 numbers would s-ll be £199 billion less than in 2007, pre financial crisis.
- 20. Interest rates posi-ons are at a historic low. Many mortgages are benchmarked against BoE( Bank of England) based rates, which is keeping mortgage at low levels for customers with floa-ng mortgages. Also this represent opportuni-es for people to fix their mortgages for as long as possible at low prices today, as these historic lows will not last forever. But interes-ngly, many technical analysts believe, once interest start going up again, new lending will start to rise, as a rise in interest rates is a sign that economy in be[er shape than before. Positive For The Future
- 21. • Since the financial crisis, it has brought a new wave of thinking by both sellers and buyers in housing and lenders have changed the way they view property investments. Sellers in the mortgage market are facing harder pressure to sell their homes at “compe--ve prices”. • The new market has become a buyer’s market. Buyers are increasingly seeking value for money and lenders are trying to protect themselves by lending to people who can afford to be on the property ladder. Due to the highly publicised financial crisis, mortgage customers are seeking ways to protect the value of their asset by buying proper-es with unique value that are almost immune from falling prices at large. There is a growing demand from regional housing, which are sustainable in a recession like the current -mes. • The housing industry recovery is highly dependent on the state of the economy. • Given that unemployment the rate is slowly falling, there is some op-mism in the market that economy is showing signs of recovery. • There are of course new government ini-a-ve to help 1st -me buyers on the ladder, but the key to long-‐term growth of the mortgage market is employment and economic growth. Positive For The Future
- 22. Over the past several years the UK’s housing market has seen a gradual shiK from a na-on of homeowners to a na-on of renters. The previous year has seen significant growth in the rental sector as more investors begin to move into the property sector, with rental prices rising across the country. • According to the latest data from Home Let, a tenant referencing service, the average cost of ren-ng a home in the UK increased by 3.9% over the year to the end of February, with the average rent price now £777 per calendar month. This was also reflected in the latest sta-s-cs from LSL Property Services • The rental market in London has changed significantly with new research showing that the majority of the city’s boroughs have seen a drama-c rise in rental numbers, some by over 200%. • The boroughs where most increase is seen are those on the outskirts of central London in areas such as Barking and Dagenham and Greenwich, the study from agents Stru[ & Parker shows. For example, between 2001 and 2011 Barking has seen a 230% increase and Tower Hamlets a 150% rise. • Whilst these areas have soaring increases tradi-onally established areas in prime central London such as Hammersmith and Fulham as well as Kensington and Chelsea have also seen increases of between 30 to 60%. Rental Market
- 23. We know the macroeconomic environment of 2013, because it promises to be a con-nua-on of 2012. The government will con-nue with its deep cuts in public spending, the banks will remain cau-ous in their lending, under pressure from regulatory commitments, and increasing nega-ve equity in the housing market will con-nue to hurt consumer sen-ment. That said a be[er insight is required when purchasing a house, as house purchasing has become more complicated due to the issues above. Pinstat will assist with helping consumers make a sound decision by providing them with the right up to sta-s-cal data and informa-on for the area of purchase/search. This would include insurance risks area, history of purchase, development, travel etc. Pinstat also has a feature which will tell you the popular mortgage lender for the region you are searching in, ensuring that you get be[er rates.