Online mortgage adviser Trussle is offering a free service which it claims automatically determines when borrowers are paying over the odds for their mortgage and helps them switch products.
Unlike banks, comparison sites or independent advisors, Trussle says it is ‘always-on’ to ensure borrowers are notified when a better deal is available, and manages the entire remortgage process for them.
Ishaan Malhi, Founder of Trussle, said: “From my own experience mortgages are a headache. Homeowners in the UK are victims of an industry cluttered with conflicting information, archaic processes, and advice that doesn’t make any sense.
“Borrowers don’t want to be restricted to mortgages offered by a single bank, nor overwhelmed with thousands of different mortgages.
“Through expertise and smart technology, Trussle ensures users are always on the right deal for them and manages the biggest financial commitment of their life so they don’t have to.”