OneDome Unveils New Info for its HomeBuying Platform

Challenger portal. OneDome, has unveiled information on a new mortgage offer for users of its property website, HomeBuying Platform that will cut transaction times from 20 weeks to 10 weeks as soon as it officially launches. Eventually, the goal is to cut that time to just six weeks. 

HomeBuying will offer its agents’ clients access to its Instant Mortgage in Principle from one of the 65 lending banks connected directly to the platform. 

How the platform accomplishes this speed-up in transaction closures is simple. Homebuyers can fill out a digital form and then book an appointment with a mortgage advisor vetted by their agent which takes about 12 minutes, according to the platform. 

HomeBuying offers a way to onboard processes for clients, digital signing of contracts and other important documents, and upload the relevant files directly to the platform in order to speed up the process even more. All parties involved in the transaction of a property can access these forms to cut out any wait time. 

OneDome CEO Babek Ismayil said: 

“Staggering sums of money are lost each year due to various inefficiencies in the homebuying process. This has to change, and technology will help to reduce those inefficiencies.”

Ismayil recently said he would back up this claim of increasing transaction times by donating £100 to any charity of an agent’s choice whenever a transaction takes longer than 10 weeks to close once the platform officially launches. So far, there is no official date for that launch.