Ashcombe advises Trussle Lab on its sale to Better HoldCo Inc.
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.”