Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source
Online mortgage broker Trussle is currently in the early stages of talks with the Financial Conduct Authority (FCA) to potentially overhaul the mortgage application process; the plan that Trussle is pitching to the FCA is to help standardize documents needed in a format that they are needed in; Mr. Mahli told FTAdviser: "There's an unnecessary inefficiency in the way mortgage applications are packaged and submitted, which varies wildly from lender to lender. Uncertainty is the last thing a buyer wants when making what's often the biggest financial decision of their life."; currently the FCA will not comment on talks that are in such a nascent stage. Source