A new crowdfunding campaign has been launched today with a view to raising £200,000 through Crowdcube to help tackle rogue landlords in the UK and improve the standard of accommodation available in the private rented sector.
The new campaign has been launched by Peter Ramsey, the founder of student property portal Movem, ahead of plans to expand the website into the residential letting market, as an alternative to the existing property portals.
Movem, which compares itself to Airbnb for residential landlords and letting agents, claims to already have hundreds of private landlords pre-registered to let their properties directly through the platform, plus hundreds more letting agents looking to advertise their portfolio as soon as it launches.
Ramsay wrote in an email: “Movem is offering an unprecedented level of transparency in the housing industry, and offers tenants a smarter way to rent property.
He insists that hundreds of people have already pledged to invest in the crowdfund, with students rallying behind the website, “to stand for better accommodation, more accountability for rogue landlords and ultimately a fairer way to rent property”.