FirstHomeCoach

Client & product

FirstHomeCoach is a UK-based fintech company whose product navigates buyers through the complex steps of purchasing a property and connects them with trusted advisors to help them secure a mortgage, get insurance, and handle all the legal paperwork.

Challenges

Our client’s service needed a custom algorithm and the recommendation engine that analyzes loads of data to automatically plan the individual property buying process.

Sensitive user data gathered by the system had to be secured with the help of a security-driven architecture and data segregation. In addition, our client wanted to make modules including the mortgage calculator and deposit builder accessible for partners as separate products in white label format.

Job done

Our team selected the technology stack, designed the app’s security and architecture, and built the system and algorithms from scratch. Moreover, we paid the utmost attention to how the system stores users’ personal data, ensuring tight security.

Implemented features

• Property buying plan. Guides users to buying a desired property in a certain timeframe and informs how much to save each month.
• Mortgage calculator. Provides projections on the maximum loan size, mortgage interest rate, and monthly payments based on a user’s income, location, and savings.
• Deposit builder. Recommends savings accounts a user can benefit to save as much as possible for a deposit to get a property sooner.
• Third-party integrations. App integrates with banks, real estate companies, credit reporting agencies, and open banking solutions.

Outcomes

In the end, we provided our client with a solution that helps potential homebuyers create a personalized plan, analyze costs, and track every stage of the property buying process.

In its first year, FirstHomeCoach helped more than 5,000 users plan property purchases by processing over 40,000 data points. Apart from that, 1,000+ people enjoyed the mobile application.

Client's feedback