MortgageBox launches to enhance mortgage search using AI

By Gloria Methri

MortgageBox, a new FinTech platform, has launched to streamline the mortgage search process for over a million people seeking mortgages annually. The website (MortgageBox.co.uk) connects mortgage shoppers with up to five FCA-regulated mortgage advisers at no cost, increasing their chances of securing the best rates.

As many homeowners transition from historically low rates and anticipate future decreases, MortgageBox provides critical support in navigating these uncertainties. The website connects mortgage shoppers with advisers who can provide valuable insights, offering multiple perspectives on the most suitable options, whether it be 2-year or 5-year deals, variable rates, trackers, repayment mortgages, interest-only plans, or other alternatives.

Co-founder James Taylor, whose family experienced the challenges of navigating the unpredictable mortgage environment during recent market upheavals, explained, “The mortgage process is one of the biggest financial decisions people make, yet most people only speak with one adviser. We created MortgageBox to offer mortgage shoppers access to multiple expert opinions, which opens up more options, better deals, and higher acceptance rates.”

MortgageBox offers more choices than traditional platforms, which typically limit mortgage shoppers to a single adviser. This approach empowers consumers to make informed decisions tailored to their unique financial situations.

To further assist mortgage shoppers, MortgageBox has introduced “Einstein,” an AI-powered mortgage assistant available 24/7. Einstein addresses common questions, such as “What are the top 10 questions to ask an adviser?” ensuring that mortgage shoppers are well-prepared.

“We have streamlined the experience to make it as simple and effective as possible,” said Taylor. “Raising a mortgage need on MortgageBox takes less than a minute, and our service is entirely free with no hidden fees or obligations. Why settle for one adviser when you can have multiple experts competing to get you the best deal?”

To celebrate the launch, the first fifty homebuyers who find an adviser through MortgageBox and complete a mortgage with that adviser will be offered a £20 Amazon voucher as a token of appreciation.