"When we launch next year, we’re committed to offering a full-service package, with holistic advice for would-be homeowners available when they need it"
The digital advice service, due to launch next year, will be powered by IRESS to offer full mortgage recommendations alongside a suite of accompanying products and services including protection advice.
Following the recent hire of James Brockleback as head of mortgages, OpenMoney revealed that the proposition will initially target first-time buyers.
James Brocklebank, head of mortgages at OpenMoney, said: “Teaming up with IRESS enables us to provide the most cost-effective mortgage offering for our OpenMoney customers. When we launch next year, we’re committed to offering a full-service package, with holistic advice for would-be homeowners available when they need it - 365 days a year. We see this development as a way of expanding our offering at OpenMoney and providing a full-service package to help people navigate through various important stages in their lives – of which we believe buying a home is a crucial part.
“What we will deliver, through the support of IRESS, will be an industry first and a ground-breaking new offering for the market. We’ve already made great progress over the coming weeks and can’t wait to put our plans into place ready for next year.”
Dave Miller, executive general manager at IRESS, added: “We’re delighted to partner with Open Money on this innovative offering, which draws on our market-leading sourcing data and software, to make it easy for customers to find and apply for the right mortgage and protection products for their needs. We look forward to a long and successful partnership.”
