London-based Tembo Acquires Nude Finance. At Tembo, they are focussed on building an industry-leading homebuyer platform for buyers and remortgagers - providing their customers with the fastest and most financially efficient route to homeownership.
Nude’s mission aligns perfectly with our own - to help first-time buyers save up for a house fund sooner. This acquisition is the next step for them in helping more home buyers become homeowners.
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Together, they can continue to make home happen for the next generation, supporting their customers from the moment they start saving, all the way until they buy their first home.
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Building up a deposit is one of the biggest hurdles first-time buyers face when it comes to getting on the ladder. Saving for your first home can take years - 10 years on average, to be exact. The average first-time buyer deposit now comes in at over £53,000 - an eye-watering sum, which is harder than ever to reach with cost of living pressures and rising rent.
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Nude is making it quicker and easier for customers to put money aside for their first home. Their award-winning app enables customers to set savings goals, track spending and benefit from the government’s LISA bonuses.
But that’s not all. With their proprietary, AI-driven insights, you can discover ways to cut down your time to buy, so you can be in a place of your own quicker.
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They have been partners with Nude for a number of years now, and the acquisition was the natural next step.Their audiences are one and the same - They were both trying to help first-time buyers get a place of their own, sooner. By embedding the Nude product into Tembo’s technology platform, they can support more buyers than ever into homeownership, from the first £1 saved all the way to getting their keys.
About Tembo
Tembo is an online digital mortgage broker that specializes in bridging the budget gap for first-time homebuyers, moving companies, and remortgagers. Two years in a row, they were voted the best mortgage broker in the UK, and they have assisted thousands of people in becoming homeowners.
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About Nude Finance
Crawford, a Senior Owning Partner at the biggest independent pension consultant in the UK, Hymans Robertson LLP, founded Nude. defending first-time homeowners.
Their objective is single-minded to assist you in achieving the most significant life milestones, beginning with home ownership. To be honest, saving for a down payment on a house is the pinnacle of financial objectives.
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