Fintech app Snoop has partnered with online broker, Mojo Mortgages, to help get first time buyers on the housing ladder and save existing homeowners thousands of pounds.
The Mojo Mortgage customer journey will be integrated within the Snoop app and will give users full access to Mojo’s mortgage advisers.
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Combined with Snoop’s artificial intelligence, which can pinpoint exactly the right time to remortgage, homeowners can expect to save between £2,400 – £4,800 per year, according to recent research by the broker.
John Natalizia, CEO and Co-founder at Snoop said: “Our aim with this partnership is to help first time buyers, home movers and homeowners get the very best mortgage deal for their circumstances. By combining our technology, we’re looking to develop Snoop and Mojo into the market-leading model for finding a mortgage in the UK.”
Richard Hayes, CEO and Co-Founder of Mojo Mortgages, said: “This partnership shows we won’t stop until everyone feels more confident about their mortgage options – whether that’s helping you achieve your homeownership dream, or helping you save a few hundred quid a month.
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There’s no doubt times are tough right now with some lenders limiting high loan-to-value mortgages, but this partnership helps to fight that – it not only makes you more aware of your financial situation, but crucially shows you the options that are still available to you – options many people may be totally unaware of. Plus, you get access to free, expert advice at the click of a few buttons.
We’re pleased we can announce this at somewhat of a watershed moment in the mortgage industry as many in the UK move online to sort their mortgages. This innovation adds a further layer of transparency, personalisation and sheer ease of use with the addition of Snoop’s open banking.”
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