Compare the Market MortgagesMortgage comparison at market rates
"The purchase or sale of a real estate - whether for life or as an invest - can be a long and costly one. Lengthy negotiation horizons, medium sized agencies and even the search for a house can all mean that the purchase or sale of a home can take from the beginning to the end of a month," the website states.
Money supermarket starts new deluxe home mortgages platform
Money supermarket launches a new 50-50 podium collaborative effort to digitize the mortgages request process." In the midst of a surge in investments in start-ups seeking to digitalise mortgages in the UK. "The reason we believe we can be successful is because we have a lot of data transfer. "LONDON - UK Finanzvergleich Website Moneysupermarket launches a new digital mortgages market digital partnership that is still a largely telephone and paper-based market in the UK.
Money Supermarket, quoted on the FTSE 250 Index of the London Stock Exchange and with a market capitalisation of 1.6 billion, today reported that it is establishing a 50-50 JV with two businessmen who are building important benchmark motors for credits used by Money Supermarket.
"It' still a pretty analogous market. It is probably one of the last areas of the market that has been digitized. "Moneysupermarket already draws 16 million annual hits to its website to find out about mortgages, which accounts for around 25% of all UK mortgages seekers. However, the vast majority of those visiting then turn to mortgages agents who work on the telephone.
Panel, as the JV is called, wants to digitize the whole business cycle. When everything goes according to schedule, clients can not only compare mortgages according to authorization, but also request them via the Moneysupermarket website. Money Supermarket will earn a charge for each and every item it sells through its website as long as the client does not terminate or change, which, according to the information provided by the business, is in line with the client's interests.
No Hancock would reveal how much the money supermarket is putting into Podium, nor would he give a timetable for when we are likely to see the products. However, the market is quite fractured and we think that we are in a fairly good situation to do this. "The Moneys Supermarket's effort is accompanied by a surge of investments in start-ups that want to digitize part or all of the UK mortgages market.
"It'?s really the last area nobody could digitize," said Hancock. "It is one of the most complicated and significant finance deals we have ever undertaken. Quite a few Fintech's, of course ourselves included, have recognised this as an important occasion, but the whole point of believing that we can be successful is that we have a lot of data flow.
" The market is definitely heading in this direction," he added. In all honesty, the fintech's that come onto the market help us. The panel will be led by Matt Denman and Mark Hawkins, the project's other collaborators. Previously, Denman and Hawkins assisted in building HD Decisions, a start-up that creates cash reference utilities.
The money supermarket previously held a holding, but the business was divested to Experian in 2014. Mr. Hancock said the podium is part of the long-term expansion program of the Moneysupermarket. "Money supermarket released the project along with the half-year results on Thursday.