New proptech start-up, Track, has announced its full app launch to help young homeowners improve how they manage home finances.
The new generation of homeowners can now also manage household finances from one simple mobile app.
Sky-high house prices have forced many to co-finance the purchase with partners and parents, but while shared finances among younger homeowners is commonplace, there’s a growing desire to maintain financial independence.
Co founder Byron McCaughey says, “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 provides young homeowners with features including:
- Property Dashboard: AI-powered home valuations (3x more accurate than Zoopla), realtime equity, contributions to purchase tracker, and advanced planning tools.
- Multi-person Access: everyone involved in the household finances gets access.
- Living Expenses: tracks individual contributions to the home from multiple bank accounts, giving transparency on spending, in one place.