19 Jun 2023 07:00
19 June 2023
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
OnTheMarket launches OnTheMarket Money
OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates the onthemarket.com property portal, is pleased to announce the launch OnTheMarket Money, a new division providing consumers with access to financial services and other essential products associated with the home moving journey.
OnTheMarket's first partnership under this new brand is with London & Country Mortgages (L&C), one of the largest whole-of-market mortgage brokers in the UK, who will provide consumers with access to mortgage products and support via the portal.
The developments to the portal will support consumers seeking a Mortgage in Principle and provide them with a guidance of how much they might be able to borrow, helping make their process more efficient.
The consumer referral partnership with L&C is just one of a number of integrations that will be launched, with the roll out of a fee sharing mortgage referral solution - to provide agents the opportunity to earn referral fees - expected later this year.
The launch of OnTheMarket Money follows the successful launch of OnTheMarket Software in September last year.
Jason Tebb, Chief Executive Officer of OnTheMarket, comments: "The launch of OnTheMarket Money is another key step in our evolution towards becoming a 'one stop shop' technology company that provides services for agents and consumers, across the entire property ecosystem.
We're delighted to be working with L&C to make their services available to the millions of serious property seekers who visit our site each month. This partnership will help add even more value to consumers, combined with our 'buyer ready' proposition to ensure that our agent and housebuilder customers receive qualified leads from serious property seekers."
Ends.
For further information, please contact:
OnTheMarket 0207 353 4200
Jason Tebb, Chief Executive Officer
Simon Bullock, Interim Chief Financial Officer
Teneo 0207 353 4200
Giles Kernick
Alec Tidbury
Zeus Capital (Nominated Adviser/Joint Broker) 0203 823 5000
Jamie Peel, Martin Green, James Hornigold
(Investment Banking)
Benjamin Robertson (Corporate Broking)
Shore Capital (Joint Broker) 0207 408 4090
Daniel Bush, John More (Corporate Finance)
Fiona Conroy (Corporate Broking)
Background on OnTheMarket:
OnTheMarket plc, the majority agent-owned company which operates the onthemarket.com property portal, is a leading UK residential property portal provider.
Its objective is to create value for shareholders and property advertiser customers by delivering an agent-backed, technology enabled portal - offering a first-class service to agents and new homes developers at sustainably fair prices and becoming the go-to portal for serious property-seekers.
OnTheMarket provides a unique opportunity for agents to participate in the equity value of their own portal. Agent backing and support enable OnTheMarket to display 'Only With Us' properties which are either exclusive properties advertised at onthemarket.com by customers who do not list their properties with either Rightmove or Zoopla, or properties listed 24 hours or more before agents release these properties to Rightmove or Zoopla.