Written by Tom Clarke • Published 11th November 2019 • 3 minute read

So, after hours and hours of research and property viewings, you’ve finally found it. You’ve found your dream home.

But before you start getting exciting and submitting offers, it’s all action stations to find the right mortgage that will help you pay for your dream home.

In the past, applying for a mortgage could be a bit of a minefield of a process. To begin with you’d have to spend considerable amounts of time trawling the internet or calling up lenders to find the best mortgage deal for you. Then you’d have to call up and book an appointment to visit your local branch or meet with a broker, all whilst you sit frantically hoping your dream property doesn’t get scooped up by a faster bidder.

As the property market has grown, so has the technology and services offering solutions to the mortgage selection service. There are now a cluster of innovative online-based mortgage companies that are ready to give you a quote in a matter of minutes and provide a smoother user experience.

Here are five of our favourite mortgage start-ups you should check out.

Trussle

Standing up for the homeowner against big banks is Trussle, who are leading the fight for fairer mortgages. In just a matter of minutes Trussle will be able to tell you how much you could borrow and save no matter your circumstances. If you’re a first-time buyer or a seasoned pro looking to remortgage your property Trussle want to help you.

Even after you’ve signed up to a mortgage lender, Trussle will continue to compare your mortgage deal to other ones on the market, if it finds one better it’ll alert you straight away, so you always get the best deal.

The best thing about Trussle is that it’s completely free!

Habito

Delivering you the best mortgage around is Habito. It doesn’t matter if you’re a first-time buyer or simply looking to remortgage your property, Habito commits to still finding you the best deal.

As agreeing on a mortgage is such a big decision, it’s no surprise that on average four out of five people seek the advice of a mortgage broker before committing. Habito is like having your own personal broker, the innovative technology analyses every mortgage available on the market from over 70 lenders to find the best one for you in seconds.

The support for each customer doesn’t stop there; once you’ve found the right mortgage for you, Habito will provide you with an online expert who will be there with you every step of the way and be available to contact on live chat or over the phone.

Wayhome

Formerly known as Unmortgage, Wayhome is the alternative to the traditional mortgage process. Instead of signing up for a 30 or even 40-year mortgage, Wayhome are offering consumers the capital to buy a home worth up to 10 times their income with only a 5% deposit.

Their motto is if you can afford to rent it, you can afford to gradually buy it.

Wayhome haven’t officially launched yet but now’s the time to fill out some details on their website, to get yourself to the front of the queue.

Landbay

Winner of the 2019 What Mortgage Awards and ranked 20th in the Deloitte Fast 50 is LandBay. Currently one of the fastest-growing UK peer-to-peer lending platforms on the market. Landbay are helping investors and landlords make more of the buy-to-let mortgage market.

By directly connecting investors with borrowers searching for a buy-to-let mortgage, Landbay are the missing link between the investors and borrowers.

Landbay have created access to a revolutionary new type of investment opportunity for the everyday lender, which in turn helps investors to reap the reliable and regular financial returns offered by the robust UK buy-to-let mortgage market, whilst also supporting responsible borrowers in securing access to faster funding.

Proportunity

The first mortgage lender built specifically to service first-time buyers. If you can afford to rent, Proportunity are now giving you the opportunity to buy. If you can save up at least 5% of your deposit, the chances are Proportunity will be able to give you a loan for anywhere from 15 – 25% of your dream property.

In simple terms, the Proportunity model provides equity loans that can help first-timer buyers afford the home they want up to 10 years earlier.

Stop renting and start owning today.

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