Mojomortgages.com Features

Mojomortgages.com aims to simplify the mortgage process by leveraging technology and human expertise.

Their suite of features is designed to guide users from initial inquiry to mortgage completion, offering various tools and support throughout.

However, it is crucial to remember that all these features are geared towards facilitating conventional, interest-based mortgage transactions, which have ethical considerations for those seeking Sharia-compliant solutions.

Streamlined Application Process

The platform emphasizes a quick and efficient journey, significantly reducing the time typically associated with mortgage applications.

• 8-Minute Initial Details: Users are promised a rapid initial information gathering process, taking “around 8 minutes.” This is designed to capture essential mortgage goals and personal circumstances quickly.
• Online Portal for Documents: The ability to submit documents through an online portal is a key feature, eliminating the need for physical paperwork and making the process more convenient.
• Pre-Application Preparation: Mojo Mortgages states they prepare all necessary documents and information before submitting to lenders, which “can save time” by avoiding back-and-forth requests from the lender.
• Support for Multiple Applications: If an initial application is unsuccessful, or if the user changes their mind, the system is designed to quickly pivot to a new application without significant re-work, leveraging their “mortgage finder tools.”
• Reduced Client Burden: Users are assured that Mojo Mortgages will “take care of the rest — don’t worry about the application or chasing solicitors,” aiming to minimize stress.

Access to a Wide Range of Lenders

One of Mojo’s primary selling points is its extensive network, giving users a broad spectrum of options compared to direct-to-bank approaches.

• 70+ Lenders: They claim to access “thousands of mortgages from 70+ lenders,” implying a comprehensive market comparison. This is a significant number that covers a large portion of the UK mortgage market.
• “Whole-of-Market” Definition: While not strictly “whole-of-market” in the broadest sense (as they specialize in first charge mortgages and don’t cover every single product like bridging finance or bad credit mortgages), they state they meet the FCA definition of a “whole of market mortgage broker” because they “consider and provide advice on a sufficiently large number of regulated mortgage contracts.”
• Impartial Comparisons: They claim their access to a wide range of lenders allows them to provide impartial and unbiased advice, focusing on finding the “most suitable” mortgage for specific circumstances.
• No Lender Bias: Explicitly stating that “lenders and affiliates do not compensate us more to recommend one over another” reinforces their commitment to impartiality.
• Continuously Updated Deals: They make “every effort to ensure that the mortgage deals shown are as current as possible,” acknowledging the rapid changes in mortgage rates.

Expert Human Support

Despite being an “online” broker, Mojo Mortgages emphasizes the role of human experts in providing personalized advice and guidance.

• 60+ In-House Mortgage Experts: A substantial team of professionals is available to chat with users, ensuring personal interaction.
• CeMAP Qualified Advisors: All advisors are “CeMAP qualified and have at least 2 years experience,” demonstrating a commitment to professional standards and expertise.
• Flexible Availability: Experts are available during evenings and weekends, catering to users with busy schedules.
• Personalized Advice: The focus is on providing “personally tailored advice” based on the user’s specific needs and circumstances.
• Visual Representation of Deals: Advisors can email users “a visual representation of the deals” during discussions, enhancing clarity and understanding of recommendations.

Free Mortgage Tools and Calculators

Mojo Mortgages offers several complimentary tools designed to assist users in their initial research and decision-making process.

• Mortgage Calculator: This tool helps users “work out what size of mortgage you could afford and how much mortgage repayments are for different loans.” It’s a standard yet essential tool for initial budgeting.
• Mortgage Advice Page: While not a tool in itself, this feature allows mortgage experts to provide visual breakdowns of deals, aiding comprehension.
• Mortgage Rate Checker: Once a user has an offer, this service can help them “avoid missing any potential future savings,” suggesting proactive support even after an initial deal is secured.
• Educational Articles: The website features a “Latest articles” section and a “mortgage news page” covering topics like “How long should I fix my mortgage for?” and “How many times my salary can I borrow for a mortgage?”, providing valuable insights.
• FAQs for Clarity: A comprehensive FAQ section addresses common queries, including “How do mortgage brokers get paid?” and “Are you a whole-of-market mortgage broker?”, increasing transparency.

Regulatory Compliance and Transparency

Mojo Mortgages highlights its adherence to regulatory standards, which is crucial for building trust in financial services. Mojomortgages.com Review & First Look

• FCA Regulation: They are regulated by the Financial Conduct Authority (FCA) under Financial Services Register number: 478215. This demonstrates that they operate within a recognized legal and ethical framework for conventional finance.
• Transparency on Business Name: They clearly state that “Mojo is a trading style of Life’s Great Limited,” with a link to their company information on the UK government’s Companies House website.
• Ethical Upholding: They assert that their advice is objective and that they “ethically, this is absolutely what we uphold as a brand,” further reinforced by FCA regulations preventing “pushing inappropriate mortgage products.”
• Clear Disclaimers: The content on their site is explicitly stated as “not advice and is for guidance only,” urging users to speak to a CeMAP qualified broker for tailored advice. This manages expectations and clarifies the scope of online information.
• Regular Content Review: Articles and content are stated to be “Reviewed by: John Fraser Tucker” and “Last reviewed on 20th January 2025,” indicating an effort to keep information current and accurate.