L&C Mortgages becomes Jitty's mortgage advice partner Mortgage Finance Gazette

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Jitty has partnered with L&C Mortgages as its mortgage advice partner to develop and launch a monthly budget calculator built into its property listings.

The feature will allow homebuyers to search for a new home by typical average monthly repayment amounts instead of the asking price of the property.

Property browsers will need to enter their income and deposit amounts into the calculator to generate a monthly mortgage repayment budget indicator using L&C’s market wide perspective. 

Jitty will automatically apply the generated budget as a live filter to allow buyers to see only the homes that match what they want to spend each month. 

Each listing will highlight estimated average mortgage repayments and where possible, other running costs such as council tax, service charges, or ground rent.

L&C Mortgages partnership director Donna Callaway says: “Buying a home is one of life’s biggest financial commitments, and knowing exactly what you can afford each month makes that journey clearer and less stressful.”

“Working alongside Jitty, we’ve put mortgage insight right at the point where buyers are choosing which homes make their shortlist – so they can make confident, informed decisions that are supported by expert advice.”

Jitty chief executive and co-founder Graham Paterson adds: “For most people, affordability isn’t just about the asking price on a listing, it’s about the monthly cost attached to living in that home.”

“By combining Jitty’s AI-driven search with L&C’s mortgage expertise, we’ve made it possible to view the potential costs associated with buying a property, instantly, and keep that in mind while you are browsing. This allows for a much more realistic and worry-free way of thinking when searching for your dream home.”