OneDome and OTM unveil new services for the real estate industry

These two Rightmove and Zoopla rivals have both unveiled new services to take on the market

A recently launched real estate portal, OneDome, looks to pay agents to list on its platform. The company most recently entered a partnership with the Mortgage Advice Bureau (MAB). 

OneDome portal - set up the proptech business of the same name - currently serves the South East only but will be rolled out to the entire UK by mid-2020.

Its business model states that if agents provide a live feed of their properties - as they do for Rightmove, for example - OneDome will in return offer a contract guaranteeing that it will not charge the agent for 100 years. Unlike other portals, it will share revenue from the cross-selling of additional services. 

One of those additional services appears to be in-house mortgage advice services from MAB. 

A statement from OneDome about the new partnership says: “Users will have the opportunity to do an end to end mortgage application from one of MAB’s 90-plus lenders on the same platform they use to search for properties and select their conveyancers.”

OneDome founder and chief executive Babek Ismayil says: “Mortgages are one of the key components within the property transaction and MAB is one of the strongest players in this industry with strong relationships with the estate agency market. 

“With this partnership, we can provide home buyers with a superior user experience on our platform, as well as providing greater visibility of mortgage application statuses to all key stakeholders involved in the transaction." 

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