AI-backed property search app launches mortgage partnership
Artificial intelligence (AI)-powered property search app Jitty has partnered with L&C Mortgages to develop and launch a ‘Monthly Budget Calculator’ built into its property listings.
The new feature makes it possible for homebuyers to search for a new home by typical average monthly repayment amounts rather than the asking price of the property, giving a clearer idea of the properties that fall within their budget.
Property browsers simply need to enter their income and deposit amounts into the new calculator, which is featured on every listings page and in filters, to instantly generate a monthly mortgage repayment budget indicator using L&C’s market wide perspective1.
Jitty will then automatically apply the generated budget as a live filter – so buyers see only the homes that match what they want to spend each month. The search results will also show any properties ‘at a glance’ that might be just outside of the budget filter, but potentially in reach.
Each listing will highlight estimated average mortgage repayments and, where available, other running costs such as council tax, service charges, or ground rent – giving a much clearer view of total monthly outgoings, property by property.
By embedding this tool directly into the search results, Jitty said it removes the need to switch between mortgage calculators and property listings. Buyers can search, filter, and compare homes based on the costs that matter most to them – their monthly outgoings.
Graham Paterson, chief executive and co-founder of Jitty, said:
“For most people, affordability isn’t just about the asking price on a listing, it’s about the monthly cost attached to living in that home. By combining Jitty’s AI-driven search with L&C’s mortgage expertise, we’ve made it possible to view the potential costs associated with buying a property, instantly, and keep that in mind while you are browsing. This allows for a much more realistic and worry-free way of thinking when searching for your dream home.”
Buyers can also take the next step in their homebuying journey by getting an L&C mortgage in principle and seeking advice from L&C directly from the listings page, without starting the process elsewhere.
Donna Callaway, partnership director at L&C Mortgages, added:
“Buying a home is one of life’s biggest financial commitments, and knowing exactly what you can afford each month makes that journey clearer and less stressful. Working alongside Jitty, we’ve put mortgage insight right at the point where buyers are choosing which homes make their shortlist – so they can make confident, informed decisions that are supported by expert advice.”
Kindly shared by EstateAgentTODAY Image courtesy of Adobe
