back Back

Nude launches Team up with a double Lifetime ISA for new home buyers

By Joy Dumasia

July 15, 2021

  • Europe
  • Nude
Share

Nude, the recently launched finance app for first-time buyers saving for a home, launches its first-to-market ‘Team up’ feature to give couples, friends and family members, for the first time, the tools to collaborate on a huge financial milestone building the deposit for their first home together.

‘Team up’ is not a joint savings account. Instead, each person can choose to save or invest their deposit in a Nude Lifetime ISA and receive a government bonus of up to £1,000 per year for free. As a duo, this could add an extra £2,000 towards their home every single year. 

Nude aims to make it easier than ever before for anyone looking to own a home by bringing the whole process into one app. It’s the one place where partners can open savings or investment accounts for their deposit, keep track of their joint progress and count down to the day they buy their first home together.

It works by first creating a ‘joint goal’ based on their first home budget and the percentage they want to pay for their deposit. It then displays the balance of each person’s Lifetime ISA side-by-side. 

Crawford Taylor, CEO and Founder of Nude, commented: “Before people buying a home together would have separate apps, who-saved-what spreadsheets, and the whole thing would be so disjointed that it would take all the fun out of it. With ‘Team up’, we want building a deposit together to feel collaborative and exciting. Plus, when you consider the impact of two Lifetime ISA bonuses, it can be, quite literally, life-changing for people. An extra £2,000 a year could help them buy their first home months or even years sooner.” 

Previous Article

July 15, 2021

CloudPay announces public launch of EWA offering CloudPay NOW

Read More
Next Article

July 15, 2021

ADIB strengthens its digital banking ecosystem in H1 2021

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

Europe

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ozone API & Tuum team to accelerate open banking worldwide

Read More

June 05, 2024

emerchantpay & TrueLayer partner for payments by bank transfer

Read More

May 31, 2024

Yapily & mmob to make open banking solutions more accessible

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023