This August, the OpenMoney family are bringing yet another benefit to our WorkLife members. Due to popular demand, OpenMoney has expanded their offer to include Home by OpenMoney, a home buying advice service free to all WorkLife members who might be looking to buy their first home.
We’ve put together some simple FAQs for you to look through incase you have any questions before you use the service.
What is it?
Home by OpenMoney have used technology to replicate the mortgage broking service usually done in person. It is built on the principle of making mortgage broking a more fair, transparent and complete service.
How does it work?
Just like a traditional mortgage broker, they will find out about your circumstances and search thousands of mortgages, across a number of lenders, to find the deal that suits you.
Homebuying is complicated. It can feel like there’s thousands of different directions that you could go about getting a mortgage, which can be overwhelming. Home by OpenMoney advise you which kind of mortgage, interest rate, and additional products would be best for you after they’ve learnt about you and your circumstances. They make sure that you have everything you need to buy a new home. Instead of wondering ‘what do I do next?’, they have got you covered.
Why would I use it?
If you’re a first time buyer in England or Wales, this is the mortgage broker for you. Fair, transparent and simple, you’ll be much more clued up on homebuying before you know it.
Also, with a traditional mortgage broker, you’d need to book an appointment, which might mean taking time off work. Home by OpenMoney is all online. You can get your full homebuying recommendation and thorough advice without having to speak to anyone over the phone – but if you would like to talk through your recommendation, or even if you would like some advice on building your deposit, you can use this service too. The choice is yours.
Where can I find it?
If you visit your WorkLife portal, you will find Home by OpenMoney listed as one of your benefits. Click through to learn more and start your journey to home buying today.
When can I start?
Right now! As WorkLife members, you will be one of the first people to ever access this service. So what are you waiting for? Try it out today!
*Your home may be repossessed if you do not keep up repayments on your mortgage