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Teclet signs deal with UK’s leading mortgage broker MAB

The London-based tech firm says agents can now earn referral fees by offering mortgage and insurance products to landlords and tenants from the Mortgage Advice Bureau (MAB).

Nigel Lewis

mortgage

Lettings automation platform teclet has plugged the products of leading financial services broker the Mortgage Advice Bureau (MAB) into its service, enhancing its ability to offer agents an alternative income stream following the tenant fees ban.

Agents using the online service will now be able to offer landlords the MAB suite of mortgages but also its range of home loans designed specifically for renters looking to get on the property ladder.

The deal will also enable letting agents to access the advice of MAB brokers and earn commission from referring its product to their landlords and tenants.

“We have been working behind the scenes with teclet for some time and are delighted to now be able to officially launch our strategic API partnership with them,” says MAB director Emma Hollingworth.

“It is clear that teclet have developed a fantastic platform for handling the lettings and renewal process and that our shared value of providing excellence for consumers and agents is enhanced by combining our services.”

£4 million

Over £4 million has been spent over the past three years by teclet developing its platform and in March it signed a distribution deal with franchised estate agency chain Hunters.

John Evans, Commercial Director at teclet says: “The next few weeks will, in addition, see us announcing more new API partners providing services that benefit the “lettings journey” and making the award winning teclet platform even more valuable to landlords, agents and tenants.”

As well as mortgage, MAB will offering its range of insurance products through teclet including landlords and tenants the range of MAB products including tenant insurance, life cover, critical illness cover, accident, sickness and redundancy cover plus a range of general insurance products such as buildings and contents insurance.

August 2, 2019

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