The digital broker has teamed up with Multiply AI, a fully automated financial adviser app, to create the new service which will help people save for the deposit on their first home.

It will provide tailored recommendations to help grow their wealth and offer the best mortgage deals in a ‘fast and transparent’ way.

The process is designed to be simple and easy to use, and aims to give customers the investment support they need in a matter of minutes.

Multiply AI also provides an achievable pathway to get on the property ladder by launching access to a market-leading Lifetime ISA (LISA). This comes as many help-to-buy ISAs are closed to new applicants and most first-time buyers have been stalled due to lockdown measures.

Vivek Madlani, CEO of Multiply AI, said: “Our partnership with Mojo will help homebuyers from the point at which they decide to start saving their deposit, all the way to getting their keys.

“Mojo shares our ambition to democratising access to financial advice and remove key barriers to entry for first-time home buyers – namely financial knowledge to saving and getting the right mortgage.

“Together we are delivering a complete online experience that is easy to understand, cost-effective, fast and transparent.

“Multiply and Mojo will allow first-time buyers to go from deposit saving to homeownership without any of the frustrating paperwork, delays and fees that are usually associated with the traditional process of buying a home.”

By joining forces, Multiply and Mojo said they were ‘disrupting a process that had traditionally been difficult for first-time home buyers to navigate’.

Indeed, they said customers could now get the quality advice and support they need to make the right decision about saving for a property and choosing a mortgage – with just a few taps on their smartphone.

Richard Hayes, CEO of Mojo, said: “We help thousands of people with mortgages and remortgages, but it’s always great when we can make things just that bit easier for first-time buyers, and this partnership with Multiply does that.

“Many first-time buyers have seen their plans disrupted over the past year, and most will want to make 2021 the year they get on the ladder – particularly if there is a softening of house prices after the SDLT holiday.

“This partnership gives them the quality advice and confidence they need to make better and more informed decisions about the biggest investment they will ever make in their life.”