Purely Mortgages has struck a deal with Interactive Investor to replace Charcol as its preferred mortgage partner.
After a review of its systems, Purely Mortgages has been selected to provide fees-free mortgage solutions to Interactive Investor's database.
There are 1.4 million subscribers to the online financial services provider's database and the partnership gives Purely Mortgages greater access to the consumer mortgage market.
Interactive Investor chief executive Tomás Carruthers says he was impressed by Purely Mortgages' customer value proposition and technology. He says: “Purely Mortgages aims to break the mould in the industry by offering a compelling proposition based on speed, reliability, high service and low price to our partners' customers.”
Interactive Investor – previously know as Ample – was bought by venture capitalist firm Capac from AMP in March. The review of the database formed part of its relaunch in August.
Purely Mortgages is sponsoring the relaunch of Interactive Investor' website, which will carry a competition offering to pay the winner'ss mortgage repayments for one year.
Purely Mortgages chief executive Mark Chilton says: “We are thrilled to be selected by Interactive Investor as their preferred mortgage partner. It shows that even at this early stage of our development, our values are mirrored and indeed supported by high-profile industry players.”