EYE NEWS UPDATE: OTM launches OnTheMarket Money - London Wallet

OnTheMarket has this morning announced the launch OnTheMarket Money, a new division providing consumers with access to financial services and other essential products associated with the home moving journey.

OnTheMarket’s first partnership under this new brand is with London & Country Mortgages (L&C), one of the largest whole-of-market mortgage brokers in the UK, who will provide consumers with access to mortgage products and support via the portal.

The developments to the portal will support consumers seeking a Mortgage in Principle and provide them with a guidance of how much they might be able to borrow, helping make their process more efficient.

The consumer referral partnership with L&C is just one of a number of integrations that will be launched, with the roll out of a fee sharing mortgage referral solution – to provide agents the opportunity to earn referral fees – expected later this year.

The launch of OnTheMarket Money follows the launch of OnTheMarket Software in September last year.

Jason Tebb, Chief Executive Officer of OnTheMarket, commented: “The launch of OnTheMarket Money is another key step in our evolution towards becoming a ‘one stop shop’ technology company that provides services for agents and consumers, across the entire property ecosystem.

“We’re delighted to be working with L&C to make their services available to the millions of serious property seekers who visit our site each month. This partnership will help add even more value to consumers, combined with our ‘buyer ready’ proposition to ensure that our agent and housebuilder customers receive qualified leads from serious property seekers.”