OnTheMarket launches OnTheMarket Money

OnTheMarket

19/06/2023 07:00

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RNS Number : 0714D  OnTheMarket plc  19 June 2023

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.

 

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