Zoopla launches new service
Property giant Zoopla has ventured into the “proptech” arena with Trussle, the UK’s online mortgage broker.
The PropTech partnership has created a tool that allows homebuyers to search for a property, find out in less than 60 seconds if they qualify to borrow the amount they need for their property of choice, receive a Mortgage in Principle in under five minutes, and go on to secure that mortgage within 24hrs – radically simplifying an otherwise painful, expensive and drawn-out process.
The new service is made possible by Trussle’s proprietary technology; an algorithm that compares over 90 lenders in real time to give home buyers the best value mortgage on the open market, much faster than any other broker, bank or building society.
Ishaan Malhi, founder and CEO, Trussle said, “Innovation in the PropTech sector is accelerating fast, and this partnership between two of its leading innovators is going to transform the way people buy a home. Whether booking a holiday or buying a car, people are increasingly expecting to use a single platform to make the experience as streamlined as possible. Trussle’s partnership with Zoopla enables us to leverage our joint technological expertise to finally solve the frustrations of homebuyers across the UK; to make the process of buying a home quick, clear and straightforward.”
Alex Chesterman, Founder & CEO of Zoopla said, “We’re pleased to have invested in and agreed a long term strategic partnership that we are now launching. Trussle are one of the most exciting new prop tech businesses and through this partnership we hope to bring efficiencies to the property market for the benefit of buyers, sellers and agents.”