Building blocks for new online mortgage finder

Written by Lisa Stanley Mann on 21st September 2016

The eternal search for the perfect home and stressful wait for a mortgage acceptance could now be made a bit easier with the launch of a new service from property website Zoopla and online mortgage broker Trussle.

The new partnership will offer house hunters on Zoopla the chance to get a mortgage in principle in as little as five minutes. By entering fairly basic details on income, outgoings and other personal circumstances, users of the service will then be given information on how much they could afford to borrow, what the monthly payments are likely to be, as well as the decision in principle.

Those house hunters can then indicate to estate agents on the Zoopla platform that they have the mortgage in principle in place, moving them further up the property search ladder.

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If you are in the market for a new loan, Good With Money readers can get 50% off fees (usually £495) from Trinity Financial, a small, London-based mortgage broker. Aaron Strutt at Trinity is our mortgage expert. Just email them using the dedicated email address Goodwithmoney@trinityfinancialgroup.co.uk to claim your money off.

Lawrence Hall, spokesperson for Zoopla, says: “With over 90% of home hunters starting their search online, it makes complete sense for Zoopla to offers its users the Trussle service and give users the chance to secure a mortgage in principle online. For first-time buyers and home movers, being able to signal to estate agents that they are transaction ready and have a mortgage in principle is an extremely powerful position to be in ahead of making an offer on a property.”

Ishaan Malhi, founder and CEO of Trussle, says: “By harnessing the power of Trussle’s digital advice service, this partnership with Zoopla is finally solving the frustrations of homebuyers across the UK. Gone are the days when people have to jump through countless hoops before being able to put a serious offer on a house. Now, home hunters can find a property, and get the green light for finance, all in the same place. Not only does this make the process of buying a home refreshingly straightforward, but improves the buyer’s negotiating position as well, which could lead to significant financial savings.”

Given that your mortgage is probably the biggest financial outlay or debt you’ll ever have, it can make sense to opt for a longer term deal with a provider that puts, service and social and sustainability values to the fore too. Good With Money has partnered with Trinity Mortgages to develop comparisons showing the best (greenest, kindest) mortgages available, from providers such as Ecology Building Society, Coventry Building Society and Nationwide Building Society.