Latest news, stories, helpful articles and handy tips from the Eligible team.
Nearly half of all product transfers done in 2018 was done on a non-advised basis. As the FCA highlighted in their Mortgage Market Study Interim Report, a significant minority of consumers (30%) purchase a mortgage despite there being an alternative mortgage that was “unambiguously cheaper than their chosen product”.
I am incredibly fortunate and grateful to have spent the last 9 years working alongside some very dedicated and knowledge people. Their generosity has allowed me to develop a great understanding of the mortgage industry and I felt that I could leverage this knowledge to help even more people than I have done on an individual level.
A few years ago, if writing about how the pace of technology had changed the workplace, it may have been necessary to provide examples to serve as a gentle scene-setter.
Eligible, the digital mortgage platform based at Level39, has been recognised as the ‘Personal Finance Innovation of the Year’, in the Moneyfacts awards 2018.
Borrowers and advisers find suitable mortgage deals earlier if lenders were more open with their criteria, according to the Financial Conduct Authority (FCA), but critics argue the solution is more complex amid fears the watchdog may issue new rules that restrict the market.
In virtually all industries, repeat business typically represents the highest quality business at the lowest “customer acquisition cost”.
Fighting Habito and Trussle. Beat the Robo brokers. Eligible co-founder and chief executive officer Hasan Mustafa said the start-up wants to create a level playing field between established brokers and new players.
The mortgage industry is set to change in ways most people can’t even imagine – and data is the driving force, Dr Louise Beaumont (pictured) told Mortgage Solutions’ Women’s Executive Club at its December meet-up.
Today new fintech start-up Eligible comes out of stealth with an offering that helps traditional mortgage advisors and lenders compete with the new influx of digital brokers.
Everyone with a mortgage has experienced the frustration of needing to fill in the same information multiple times, often wondering why the various providers can’t just communicate with each other.