A former professional ice hockey player-financial-adviser and a brand director have joined forces to tackle the financial services market with a new tech platform designed to offer mortgage advice and guide borrowers through one of the biggest purchases of their lives.
Meet Margo is the brainchild of Matt and Claire Towe and is designed to help consumers secure a mortgage as simply and as quickly as possible. Currently in the fundraising phase and due to launch initially in Greater London by the first quarter of 2023, it arrives at a time when securing the best mortgage deal is becoming ever-more important amid rising interest rates.
Faced with soaring inflation, the Bank of England has hiked interest rates to 3%, the highest level since 2008, in an effort to cool price rises. It will mean many homeowners will be faced with the prospect of a sharp increase in monthly repayments when remortgaging after current fixed rate deals have come to an end, as will first time buyers.
