Online mortgage broker Mojo Mortgages has partnered with Monzo Bank to launch a test feature to help homeowners find competitive remortgage deals.
Monzo customers who want to remortgage can compare personalised mortgage deals and book an advice call with one of Mojo’s mortgage experts, all from the Monzo app.
Suitable mortgage deals are shown to the customer after answering just 12 questions and the full process takes 30 minutes.
The service is currently in the testing stage and has been rolled out in a limited trial to 2,000 customers.
Richard Hayes, chief executive officer and co-founder of Mojo, said: “We’re delighted to announce our partnership with Monzo. It moves us a step closer in our mission to create a better mortgage experience for everyone.”
“The way people get mortgages is changing and customers expect more than a basic best buy comparison experience. We believe advice is a key part of the process and our hybrid broker/technology proposition means businesses like Monzo can offer their customers a truly end-to-end mortgage journey.”
Eddie Ross, chief product officer of Mojo, added: “We’ve loved working with Monzo to bring to life a new way of getting a remortgage.
“By utilising our partnership APIs, Monzo can offer their customers a fully extensive range of personalised deals and access to free real-time mortgage advice all from within the Monzo app.”
“There’s nothing else like it in the market and we expect to set a new benchmark in terms of what customers expect from a mortgage experience.”