Thereās lots of stress and paperwork in taking out or renewing a mortgage. Many people avoid it, even when the interest rates on their account rise. We think it could be simpler and much quicker.
This is still very early days, so we donāt have much more to share at the moment. But stay tuned!
I had a phone call with Monzo about my experiences with Mortgages, and how I feel the current mortgage offerings can be improved etc. Really excited to see where this goes!
I canāt see what Monzo will bring to the table if it is just a broker marketplace. It would just create another middleman layer between the broker, the mortgage company and the customer. Monzo Mortgages, on the other hand, would be very interesting!
One of the annoyances that I conveyed in my phone call was having to do things like prove identity and provide bank statements.
With the fact my bank has all that, and I am applying for the mortgage, why canāt I just allow my bank & mortgage company to communicate these required things?
This, I hope, is where Monzo can help ā¦ one centralised place, without me having to do 101 things via post to different people etc.
Where is negative?!
I canāt understand the reason.
Itās my opinion. ISA and mortgage topics are pointless. Like guys we are working on something.
Last week my wife lost few hours because she was unable to use Asda payatpump at the early morning. I have to say something positive? No.
I already closed my Monzo account my wife will do the same.
I understand and think it is a great idea. My only point was there seems to be a lot of things in the pipeline but potentially less than expected coming out the other end