A start-up that promises to sell a house in 90 days, or buy the property itself, has been backed by a group of tech investors including the founder of the loans company Wonga. Errol Damelin, who left the payday lender two years ago, is among a group that has invested £700,000 in Nested, an early-stage company launched by the entrepreneur Matt Robinson. The internet-based property company says it is looking to shake up the UK’s housing market by making it easier for people to sell their homes and find better prices. It plans to give customers a valuation, and sell their home at or above that price within three months, taking a 2pc commission on the valuation price and 20pc of the difference above that value. If it is unable to sell, Mr Robinson said, Nested would buy the house itself and then sell it on.
Nested, a start-up that promises to sell a house in 90 days or buy the property itself, has received backing from a group of tech investors. Nested plans to shake up the UK's housing market by giving customers a valuation and aiming to sell their property at or above the price within three months, taking a 2% commission on the valuation price and 20% of the difference above that value. Matt Robinson, who launched the company, said that if it is unable to sell the property, Nested would buy the property itself and sell it on. He believes Nested will appeal to sellers who need to guarantee a sale due to chain transactions. Nested is is talks to secure £5m in debt financing and plans to sell its 2pc house when it launches in June.