Tembo is a mortgage brokerage that utilizes smart technology to assess eligibility across over 100 lenders and 20,000 mortgage products, enabling buyers to maximize their borrowing potential. By providing personalized recommendations and expert guidance, Tembo helps first-time buyers and remortgagers navigate the complexities of securing a mortgage, often increasing their affordability by an average of £82,000.
Funding
$27.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Navigating the complexities of the mortgage market, especially for first-time buyers and those seeking to remortgage, can be overwhelming due to the vast number of lenders, mortgage products, and eligibility criteria. Many individuals struggle to identify the most suitable mortgage options and maximize their borrowing potential, leading to missed opportunities and financial strain.
Solution
Tembo is a mortgage brokerage that simplifies the mortgage application process by leveraging smart technology to assess eligibility across a wide range of lenders and mortgage products. The platform's algorithm analyzes individual financial circumstances and identifies opportunities to boost affordability through various schemes and lender options. By providing personalized recommendations and expert advisor support, Tembo empowers buyers and remortgagers to make informed decisions, secure optimal mortgage terms, and potentially increase their borrowing capacity. Tembo's services include exploring options for single buyers, those buying with a partner, and those seeking support from family members or shared ownership schemes.
Target Audience
Tembo primarily serves first-time home buyers, individuals looking to remortgage, and those seeking to increase their mortgage affordability through innovative schemes and expert guidance.
Features
- Smart technology that checks eligibility across over 100 lenders and 20,000 mortgage products
- Personalized mortgage recommendations based on individual financial circumstances
- Affordability-boosting schemes identification to maximize borrowing potential
- Access to a market-leading Lifetime ISA with a competitive AER
- Dedicated mortgage advisor support available 7 days a week
- Property insight reports with +120 data points to inform offers
- Guidance on mortgage protection, including life insurance, income protection, and critical illness policies
- Streamlined communication with lenders, solicitors, and sellers throughout the mortgage journey