Rentround, the estate and letting agent comparison platform, has announced an expansion into the mortgage industry.

Rentround, which last year expanded to comparing estate agents after initially only focusing on the rental market, currently features more than 1,000 agents nationwide, including well-known brands, such as Leaders, EweMove and Northwood.

The team behind Rentround now plans to generate extra revenue by using its lead generation expertise to help mortgage brokers gain more business via a new comparison platform that will be under a different brand.

The platform will accommodate all types of mortgage requirements, including first-time buyers, buy-to-lets, and remortgages.

The broker comparison platform, co-founded by Raj Dosanjh of Rentround, and Sandip Sekhon, of crowdfunding platform, Go Get Funding, is on target for release at the end of Q2.

The co-founders issued a joint statement: “We’re proud of the growth Rentround has experienced over the past two years. Revenues in year two are on target to be 100%-plus higher versus our first year, surpassing all targets.

“2022 will see a host of service improvements for our estate & letting agents. More data points, targeting sellers & landlords based abroad and higher lead volume plans are in the pipeline.

“With our expertise in lead generation, the property industry and marketing, a sideward step into mortgages is a no brainer.

“Many of our agents have asked for leads in the mortgage area, a lot of which already get additional income from our leads off the back of mortgage services.

“Comparing mortgage products is difficult, you need live data fed in from different providers. Many people looking for a mortgage aren’t quite sure which mortgage is right for them, which is where a broker is vital. This is where the focus of our platform will be.

“Mortgage based searches online dwarf the sales & rental market almost two fold – so the potential for our comparison platform is huge”.