FormerTrussledigital mortgage broker snapped up byOneDome: Report Mortgage Strategy

Img

OneDome has acquired the digital mortgage broker formerly known as Trussle, which now trades as Better.co.uk, for an undisclosed sum.  

The homebuying business — which integrates mortgage, legal, and insurance services into a single online process — has agreed to buy the broker from US-listed Better Home & Finance Trading Company, according to Sky News.

The broker business was founded in 2015 and raised close to £30m in a series of funding rounds, and was once backed by US investment bank Goldman Sachs. 

Its 2021 sale to Better Home & Finance reportedly valued the business at a significant discount to that sum. 

OneDome was established in 2017 by founder and chief executive Babek Ismayil (pictured) with an aim to build a “seamless, all-in-one homebuying platform”.

Ismayil told Sky News: “Trussle has built an excellent team and a reputation for innovation and customer focus. 

“Trussle’s Smartbuyer proposition closely mirrors our own award-winning HomeBuyer Service, and combining our strengths is a natural next step to transforming this historically outdated sector.” 

In December, OneDome bought Coreco Group for a “seven-figure sum” amid a series of acquisitions in recent years. 

These include Nethouseprices as well as mortgage and financial advisory businesses Contractor Wealth Management, CMME Mortgage and Protection and Albany Park.   

The combined group says it will handle over £3.5bn in annual mortgage lending and process roughly 1,100 property transactions each month, with a workforce of around 230 people. 


More From Life Style