| Mortgage Strategy

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RVU, which owns Uswitch, Money.co.uk and Confused.com, has completed its acquisition of the online mortgage brokers Mojo Mortgages.

The deal was originally announced in July, with RVU saying it wanted to disrupt the mortgage industry through greater digitisation.

Manchester-based Mojo employs 60 staff and delivers personalised mortgage recommendations using a hybrid approach, which utilises both smart tech and human input to compare products.

RVU owns a range of digital price comparison and switching services which operate across a range of utility and financial services products, including mortgages.

RVU chief executive Tariq Syed says: “Our combined scale alongside the expertise Mojo brings will allow us to have a hugely positive impact on this market.”

He said RVU had helped “revolutionise” the process of buying car insurance and switching energy.  “[We are] now moving our attention to mortgages — a market left largely undisrupted.”

The price RVU is paying for Mojo has not been disclosed. 


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