Frazer Fearnhead, founder and CEO of The House Crowd, explains how he turned frustration with the banks into a multi-million pound idea:
The idea for The House Crowd was sparked almost entirely from frustration.
It was 2011, and I’d hit hard times thanks to the 2008 financial crisis. A time when many people were struggling due to the banks’ greed.
I’d left my career as a music industry lawyer to go into property full time. And why not? It stood out as one of the simplest and most rewarding investment options around. However, there was one huge problem: accessibility.
Two years after the financial crisis, there were plenty of opportunities to invest, but it was proving impossible for normal people to receive the finance to get back in the game.
Suddenly the answer was obvious: why not cut out the banks, crowding people together to invest and share the profits? Read more “Frazer Fearnhead on Property Crowdfunding”