OpenMoney has launched a new home buying service to offer personalised advice to first-time buyers.
The online service is to offer tailored advice on mortgages, as well as provide information and suggestions on solicitors, insurances, wills and surveys under one platform.
According to OpenMoney research among 900 UK adults, 48% of first-time buyers are not confident in the process of buying a house and deciding on solicitors, mortgage deals and insurance providers.
The financial advice platform’s latest offering provides access to 50 lenders and will be offered to borrowers for free.
OpenMoney co-founder, Anthony Morrow, said: “We’re here to guide customers through the home buying process, arming them with personalised, tailored advice all the way, and giving them the knowledge to feel confident in their decisions.
“Our research found the biggest barrier to buying was saving for a deposit, and that’s where we can help as an all round one-shop solution. We ask the right questions regarding each individual circumstance, giving customers confidence that the advice is right for them.
“Buying a property is expensive and we fundamentally disagree with mortgage providers that charge people for advice. Historically, applying for a mortgage used to be difficult, but now we offer customers an online account which includes advice, recommendations and document upload to make the process easier.”
Latest News
-
Overall savings product choice continues to beat records
-
GDP grows by 0.4% in July
-
Remortgage searches jump 11% year-on-year
-
Restore Britain unveils plan to abolish FCA/PRA in their current form
-
7IM claims record growth with highest platform AUM growth in Q2
-
Atomos agrees acquisition of MWA Financial
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories