Proptech start launches new app to help first-time buyers and homeowners

A new proptech startup has launched an app to help young homeowners improve the dated experience of managing their home finances.

Track aims to help the new generation of homeowners through fintech and online products. With this new app, customers will be able to manage household finances.

Track’s founders, Byron McCaughey and Henry Oakes - who met while studying at Imperial College Business School - came together to build the app.

Byron McCaughey, co-founder of Track, commented: “We have brand new ways of managing everything online from our current accounts, to our pensions to our credit scores.

“It struck us that there is nothing out there for our biggest and most personal asset: our home.

“We built Track to give young homeowners a sense of empowerment, ease and above all else, to take the emotional stress out of money management.”

Track is currently crowdfunding on Seedrs, following investment from Europe’s PropTech VC Pi Labs.

The number of UK first-time buyers - average age of 33 - is said to be at its highest level in over a decade, with first-time buyer mortgages in September increasing by 1.6 per cent year-on-year and outstripping home movers.