Ashcombe is pleased to announce that is has advised Trussle Lab Ltd. (“Trussle”) on its sale to Better HoldCo Inc. (“Better”), one of the fastest-growing digital home ownership platforms in the US.
Trussle is a leading digital mortgage and insurance broker in the UK. Founded in 2015 it provides high-quality, independent advice to customers who are looking to buy a home or refinance an existing mortgage. Since inception Trussle has sourced over £2.7bn of mortgage approvals for UK consumers with £1.1bn of that in the last 12 months.
Better provides mortgage, real estate, title & home insurance services in the US home ownership market. From its founding in 2016 through to 2020 it funded $30.9bn in home loans, provided over $7bn in cumulative insurance coverage and raised over $400m of equity capital.
Ian Larkin, CEO of Trussle, said:
“We are very excited about becoming part of Better, and are confident that our experienced management team, local knowledge and foundational mortgage technology will greatly accelerate Better’s entry into the £1.5trn UK mortgage market.”