BLOXX Unveils Radical 1% Deposit Plan to Fix UK Housing Crisis
A new homeownership platform called BLOXX is set to unveil its alternative financing model at this year’s UK Real Estate Investment & Infrastructure Forum (UKREiiF). The company claims its approach could ease affordability pressures by lowering entry barriers for households struggling with high rents and mortgage costs. BLOXX’s platform connects institutional equity directly with housing developers. Buyers can secure a home with just a 1% deposit, then build equity through fixed monthly payments. These payments are designed to match typical rental costs while remaining lower than standard mortgage repayments.
The company positions itself as a fresh alternative to traditional mortgages and government-backed schemes. In under a year, nearly 4,000 households have joined its waitlist, representing a pipeline worth around NZ$3 billion. Founder and CEO Chris Smith argues that the UK’s housing crisis goes beyond supply shortages. He believes delivering 1.5 million new homes requires a new residential asset class and funding structure. BLOXX also highlights the growing number of landlords leaving the market, further squeezing housing availability. The platform is now expanding internationally, targeting markets in Australia, the US, the Middle East, Canada, Europe, and Asia.
BLOXX will present its model at UKREiiF, aiming to attract institutional investors and developers. The company’s approach could offer a new route to homeownership for renters priced out of traditional mortgages. Its rapid growth suggests strong demand for alternative housing finance solutions.
