Mojo tests a new remortgaging feature with Monzo Bank

We’re testing a new feature with Monzo to help their customers remortgage more easily.

Monzo customers who want to remortgage will be able to compare personalised mortgage deals and book advice calls with a mortgage expert, all from the Monzo app.

Monzo customers will see suitable remortgage deals after answering just 12 questions. The whole process takes 30 minutes.

The service is currently being tested with 2,000 Monzo customers.

Our co-founder and CEO, Richard Hayes, said: “We’re delighted to announce our partnership with Monzo. It moves us a step closer in our mission to create a better mortgage experience for everyone.

The way people get mortgages is changing and customers expect more than a basic best buy comparison experience.

We believe advice is a key part of the process and our hybrid broker/technology proposition means businesses like Monzo can offer their customers a truly end-to-end mortgage journey.”

Eddie Ross, Chief Product Officer at Mojo, said: “We’ve loved working with Monzo to bring to life a new way of getting a remortgage.

By utilising our partnership APIs, Monzo can offer their customers a fully extensive range of personalised deals and access to free real-time mortgage advice, all from within the Monzo app.

There’s nothing else like it in the market and we expect to set a new benchmark in terms of what customers expect from a mortgage experience.”

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