One 77 Mortgages launches pre-qualification software to simplify mortgage process for consumers

How to add value to your home

Leading property finance specialists, One 77 Mortgages, has launched unique mortgage qualification software that will allow would-be home buyers to establish a lender’s likelihood of accepting them in minutes, bypassing the initial protracted process of phone or face to face qualification.

Recent research has found that 76% of millennials and 68% of the older generation begin, or plan to begin researching home finance options online. However, when it comes to eligibility and affordability there is a view that consumers have inadequate tools available to them to establish the likelihood of being able to obtain a mortgage.

The Financial Conduct Authority’s (FCA) Mortgages Market Study mandate encourages innovation to make it easier for customers to find the right mortgage and has seen added focus given to the value that multi-channel technology can add for customers.

Recognising these facts, award-winning mortgage broker, One 77 Mortgages has developed a unique system to allow consumers to establish the likelihood of being accepted by a lender in just a few minutes. A unique algorithm will offer consumers added clarity over probable success with lenders, eliminating the need for clients to spend time on the phone or in a long drawn out face-to-face meetings with numerous lender branches or websites (unless they choose to).

Enabling customers to access their own mortgage score and providing reasons for declined applications, the system operates 24 hours a day, 7 days a week giving total convenience to consumers allowing them to self-serve at a time that suits them rather than a time we are available.

Commenting on the innovation, Alastair McKee, Managing Director at One 77 Mortgages, said:

“Not everyone has a 9-5 job and not everyone can speak during the working day so offering customers an option to transact with us when they want to was a key focus for One 77 Mortgages.

Providing clients with the ability to gain increased confidence in their ability to be successful in a mortgage application, knowing the costs, and a list of potential lenders was key for us and we’ve cracked that nut very successfully.

We are not trying to be a ‘robo’ advice firm but using this mixed model approach allows us to deal with more clients even more efficiently.”

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