Mojo Mortgages has launched “industry-first” mortgage matcher technology. The company says the technology will allow borrowers to compare the best rates their current lender is offering against everything else in the market – and is capable of saving UK homeowners £159m a year. Richard Hayes, CEO of Mojo Mortgages, said: “We found 93% of people offered a PT [product transfer] could save money by switching.” He added: “It’s a bit of a myth that you can’t use a broker to do a PT, an expensive myth. The relationship between a broker and a customer isn’t over after the first mortgage – that’s a transaction . . . We’re the only place where you can see your product transfer options against the market online and then get expert advice from an adviser if you need it.”
About The Author
Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
October 28, 2019
August 30, 2019