View more on these topics

Trussle launches free mortgage monitor service


Online mortgage broker Trussle has launched a free mortgage monitoring service that will alert borrowers when a better deal come onto the market.

Trussle says the function will help tackle switching inertia.

All UK homeowners can access the service, which continually monitors more than 11,000 of the latest mortgage deals from more than 90 lenders.

The service compares these deals with the borrower’s current deal each day, taking into account fees, incentives, and any applicable early repayment charges.

If it calculates that savings could be made by switching, Trussle will automatically alert the borrower and guide them through an online remortgage process.

Borrowers have to sign up to the service on Trussle’s website. All Trussle’s existing customers have been automatically registered.

Trussle chief executive Ishaan Malhi says: “We know that at least two million mortgage borrowers in the UK are failing to switch at the right time. This is either because they don’t realise the benefits of remortgaging, forget when their current deal is due to end, or they had such a bad experience getting their last mortgage that they put off going through the process again.

“With our free monitoring service, borrowers can relax knowing that their mortgage is being proactively looked after and that they’ll be alerted and guided through the switching process when the time is right.”



Remortgage market needs overhaul, says Trussle

The remortgage market needs a new set of standards to help consumers overcome inertia, according to online broker Trussle. The broker is calling for a ‘mortgage switch guarantee’ to tackle that issue, as well as the topic of mortgage prisoners. Trussle has made five recommendations: Standardising and simplifying the way mortgages are priced and presented […]

Trussle bags £4.5m funding from fintech investors

Online mortgage broker Trussle has had £4.5m backing from European fintech investors. The money will be used to improve Trussle’s offering and expand the business. The £4.5m funding has been led by Orange Growth Capital, a European and Asian venture capitalist. The other funders are existing investors LocalGlobe, Zoopla, and Seedcamp. Trussle entered online broking […]

One to One: Ishaan Malhi, Founder, Trussle

Finding the right balance between automation and human intervention, using social media to build a brand – and a hidden talent for pesto making Online mortgage broker Trussle is often mentioned in the debate around robo advice. Are you comfortable with the term and would you use it to describe your business model? We don’t […]


Open banking could spark mortgage market changes

New open banking protocols could pave the way for widespread changes in the mortgage market, experts say. This new legislation came into effect on January 13. It requires nine major banks to share customer data with FCA-approved third parties, provided customers have agreed to this. To help, banks need to develop standard programming interfaces. However, […]


News and expert analysis straight to your inbox

Sign up