OpenMoney launches robo-adviser for first-time buyers

OpenMoney, a Manchester-based firm attempting to ‘democratise’ the advice world, has launched its online mortgage advice service for first-time house buyers, a year after its initially planned date.

The platform already offers consumers free debt and money guidance as well as hybrid human-online regulated advice for a fee. Now it is taking on the mortgage advice sector, with a rosta of around 50 lenders.

OpenMoney had initially planned to launch its new product last July but this was postponed due to the coronavirus crisis.

The start-up’s new service advises consumers on their mortgage lender, insurer, surveyor, and solicitor, providing recommendations and document upload tools.

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Source: OpenMoney launches robo-adviser for first-time buyers – FTAdviser.com