Mortgage calculator: new service can help you find the cheapest deal in 15 minutes
Finding the best mortgage can be difficult – which is why many Brits turn to online mortgage calculators for help.
The first mortgage comparison site is now launched, aiming to provide a service similar to that used by millions of Brits to find insurance.
Now the expert advice comes from GoCompare, which is launching a new website with MortgageGym.
MortgageGym is a mortgage advice robot, which works to provide the best rate-based algorithms.
Homeowners can find mortgage loans that are right for them quickly and easily, without the need for an expert human advisor.
The completely free service takes 15 minutes to create and apply and only 60 seconds to find options for homeowners.
GoCompare has invested in the first website of its kind.
âGoCompare has brought transparency to clients when searching for other financial services products. Consumers deserve the same transparency, ease and clarity in mortgage valuation, âsaid MortgageGym CEO John Ingram.
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Mortgage rates: Launch of the first mortgage comparison website
âMortgageGym does just that in real time, connecting consumers with lenders and products they can afford,â he said.
Gaby Salem, China Pacific Capital, Trifecta Capital and former Deutsche Bank CEO Henry Ritchotte have also invested in the site, which is slated to launch this summer.
UK mortgage sales fell by Â£ 200million in June, down 1.2% from the previous month.
Overall, mortgage sales for the month totaled Â£ 16.5 billion.
Mortgage Calculator: MortgageGym is a mortgage advice robot, which works to provide the best rates
A new pension crisis could be triggered by the way buy-to-let properties are taxed, experts say.
Homeowners who depend on their property income to fund their pensions can find themselves catastrophically short of pensions when they retire, experts say.
Recent changes to the way buy-to-let properties are taxed could create the next pension crisis, according to consumer market research.
Are you relying on your property to support your state pension?