Zoopla has teamed up with online mortgage adviser Trussle to launch a new service for house hunters on the Zoopla website.
Trussle works with over 90 mortgage lenders and searches through 11,000 mortgage deals to find the best match for each individual consumer and claims to enable house hunters to get a mortgage in principle in five minutes.
Buyers who then send a property enquiry to an estate agent through the Zoopla website can signal to the agent that they have secured a mortgage in principle. This gives vendors and estate agents confidence that the potential buyer is serious, has their finances in order and is transaction ready, giving the buyer credibility and putting them in a strong negotiating position, the companies claim.
Furthermore, once a consumer has logged their details via the Trussle tool on Zoopla, a green tick on Zoopla for sale property listings will show them when a specific home is within their affordability range, helping home hunters search for their next property more effectively.
Lawrence Hall, spokesperson for Zoopla, said: “With over 90% of home hunters starting their search online, it makes complete sense for Zoopla to offers its users the Trussle service and give users the chance to secure a mortgage in principle online.
“For first-time buyers and home movers, being able to signal to estate agents that they are transaction ready and have a mortgage in principle is an extremely powerful position to be in ahead of making an offer on a property.”
Ishaan Malhi, CEO of Trussle, added: “By harnessing the power of Trussle’s digital advice service, this partnership with Zoopla is finally solving the frustrations of homebuyers across the UK. Gone are the days when people have to jump through countless hoops before being able to put a serious offer on a house.
“Now, home hunters can find a property, and get the green light for finance, all in the same place. Not only does this make the process of buying a home refreshingly straightforward, but improves the buyer’s negotiating position as well, which could lead to significant financial savings.”