Co-Founder of the Zurich-based start-up, Florian Schubiger, comments in a press release on startupticker.ch: “We don’t see ourselves as traditional mortgage brokers, rather as data analysts that act as the interface between customer and lender”. The business model of GTF Gesellschaft für technologiebasierte Finanzdienstleistungen AG (GTF) waives the commission charge that is standard for conventional mortgage brokers, opting instead to levy a one-off fee of 119 Swiss francs.
This enables GTF to offer the benefit of low interest rates via its hypotheke.ch platform. On average, the interest rate for a mortgage with a 10-year term would currently amount to at least 0.75 percent, the article on startupticker.ch explains. However, the hypotheke.ch platform offers mortgage loans with a maximum interest rate of just 0.54 percent.
According to the press release, one major bank and one pension fund were among the first 11 financial service providers to work with GTF upon the launch of its platform. “The financial institutes have commented that our platform can bring them new customers”, Schubiger explains.
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