Pioneering mortgage monitoring service launched by online broker Trussle.
Trussle’s free mortgage monitoring service will continuously compare any mortgage with the latest deals on the market, alerting the borrower as soon as it makes sense to switch. The service has been designed to tackle ‘switching inertia’ – costing UK borrowers almost £10bn each year
This is a drastic improvement on the traditional broker method of simply contacting borrowers three months before the end of their initial term.
Signing up to the mortgage monitoring service is simple, taking just two minutes using Trussle’s website
A pioneering mortgage monitoring service provided by online broker Trussle is today being made available to all UK homeowners. Trussle’s free service continually monitors over 11,000 of the latest mortgage deals from more than 90 lenders across the market. The service compares these deals with the borrower’s current deal each day, taking into account fees, incentives, and any applicable Early Repayment Charge (ERC). If it calculates that savings could be made by switching to a new deal, Trussle will automatically alert the borrower and guide them through an online remortgage process.