Countrywide gets its Mojo back with latest online venture

Countrywide is reported to be launching its next online offer - a mortgage brokerage called Mojo Mortgages - early next year.

The troubled property group’s financial services arm has performed significantly better than some parts of its agency and property activities in recent years. 

Now, in a partnership with venture capital investor Blenheim Chalcot, it wants to create an online mortgage channel to complement its existing face-to-face and telephone services.

“This year already we have strengthened our telephony mortgage sales channel and invested in technology to support our mortgage advisers,” says Countrywide’s managing director for financial services, Peter Curran.

“We plan to continue to grow all three channels as we offer a truly multi-channel proposition. This includes increasing our adviser force in the field, further strengthening our telephony team in Camberley and now, through our partnership with Blenheim Chalcot, we’re able to offer digital tools to our advisers and launch a consumer-facing online mortgage proposition to further enhance the choice we give our customers.”

A statement from the company says that last year its brokerage arm completed more than £15 billion mortgages while its sales side exchanged on over 60,000 homes and its lettings arm has over 90,000 properties on its books.