Digital broker Trussle snapped up by fast-growing FinTech giant

Digital broker Trussle snapped up by fast-growing FinTech giant


Todays other news

HBF hits out at lack of help for first-time buyers  

Calls grow for a replacement equity loan scheme to improve...

BTL remortgaging returns to record high

Buy-to-let refinancing matches its previous peak as landlords secure replacement...

MAB completes new-build integration

Three specialist mortgage businesses unite under the Meridian Group....

Afin Bank expands sales team

Afin Bank strengthens its sales team with three regional appointments....
Call for LISA reform ahead of formal consultation exercise
Call for LISA reform ahead of formal consultation exercise

OneDome – which claims to be “the UK’s fastest-growing property and fintech platform” – has snapped up digital mortgage broker Trussle.

The acquisition of Trussle is from its parent firm, Better.co.uk, and will require final approval by the Financial Conduct Authority (FCA).

Advertisement

“Trussle has built an excellent team and a reputation for innovation and customer focus,” said Babek Ismayil, chief executive of OneDome. 

Advertisement

“We share a clear vision that buying a home should be simpler, faster and less stressful. Trussle’s Smartbuyer proposition closely mirrors our own … HomeBuyer Service. Combining our strengths is a natural next step to transforming this historically outdated sector.”

Founded by former J.P. Morgan executive Ismayil, OneDome says it aims to make buying a home as simple as shopping online and its HomeBuyer Service bundles mortgage advice, conveyancing, and insurance into a package for £999.

If the FCA approves the deal OneDome says it will be processing some 1,100 property transactions each month, facilitate £3.5 billion in annual mortgage lending, and employ over 230 staff.

Kevin Ryan, president of Better, comments:“We’ve thoroughly enjoyed working with OneDome throughout this process and are excited about their vision for the future. We wish the Trussle team every success as they enter this new chapter under OneDome’s leadership.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Introducer Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Buy To Let Mortgage text with house models on blue background

BTL remortgaging returns to record high

Buy-to-let refinancing matches its previous peak as landlords secure replacement...
Acquisitions & Mergers, New Homes

MAB completes new-build integration

Three specialist mortgage businesses unite under the Meridian Group....

Afin Bank expands sales team

Afin Bank strengthens its sales team with three regional appointments....
Real estate agent analyzing property investment with digital dashboard, home rating and financial data. Property valuation, housing market analysis and real estate management concept.

Prime Property Finance buys Simpli Financial Solutions

Two mortgage firms join forces while retaining their brands and...

Buyers urged to be ready to strike as prices begin to fall

Buyers are being urged to act as falling house prices...

Rightmove says house prices rise again  but north-south divide continues

Rightmove says affordability is widening the north-south property price divide...

Nationwide cuts rates for second time in a week

Nationwide has reduced mortgage rates for the second time in...
Recommended for you
Latest Features

HBF hits out at lack of help for first-time buyers  

Calls grow for a replacement equity loan scheme to improve...

BTL remortgaging returns to record high

Buy-to-let refinancing matches its previous peak as landlords secure replacement...
Sponsored Content

95% LTV Second Charge Mortgages, NO ERC’s and Fixed Rates starting from 3.65%

Historically second charge mortgages or secured loans as they are...

One low rate

Lenders must say what they mean and mean what they...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.