Yonder launches rewards for rent and mortgage payments
Mortgage rewards will be available through about 70% of mortgage providers at launch, with the remaining lenders expected to be added by the end of 2026.
Rewards card provider Yonder is set to offer points on rent and mortgage payments for members on its free and premium plans.
The scheme allows members to provide details of their payment, including the amount, date and recipient.
Yonder then collects the money from their bank account and sends it to the landlord, agent or lender, with no administration fee.
Rent rewards are available to renters paying by standing order.
Mortgage rewards will be available through about 70% of mortgage providers at launch, with the remaining lenders expected to be added by the end of 2026.
New free members can earn 1,000 points a month until 31st December 2026, worth up to £5 in monthly rewards.
New premium members can earn five points per £1 spent, capped at 10,000 points a month and worth up to £50 in monthly rewards.
After the launch period, free members will receive 200 points a month.
Premium members will earn one point per £1 spent, capped at 2,000 points a month.
Tim Chong, chief executive and co-founder at Yonder, said: “Our members already spend their points on everything from coffee runs to weekends away, and that’s the part of Yonder they love most.
“Rent and mortgage payments were an obvious gap in earning potential for our members, so we’ve closed it.
“This new feature, along with the new benefits of our Premium membership, means it’s now even easier for members to turn their everyday spending into experiences to remember.”
Related
The Mortgage Hut adopts Instamo FastSubmit platform to automate mortgage submissions
Target Group enhances Mortgage Hub efficiency with PEXA partnership
OneDome ranked 10th among fastest-growing fintech companies in EMEA by Deloitte
Paragon expands partnership with Zeti to help SMEs invest in renewable energy
FundingSearch.com launches to give lenders direct access to verified SME financial data
Intelligent Lending Group and Adclear partner to speed up compliance checks
Instamo launches FastSubmit with backing from L&C and Haatch
Instamo appoints Stephen Rhodes as head of growth
Customer Minds partners with Mutual Vision for credit unions digital transformation
Intelligent Lending launches ‘binq’ platform to support SMEs
Algbra Group partners with Gatehouse Bank on digital account for overseas buyers
