x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Breakthrough! Lender creates buy to let mortgage offer in 48 hours

A bank says it can provide a formal mortgage offer to a buy to let investor in just 48 hours.

Shawbrook says it’s using a new Buy to Let platform which launches shortly, which has “advanced decisioning techniques” via API technology.

While testing the new platform, a broker submitted a new case; third-party checks were automatically carried out as part of the application-in-principle process.

Advertisement

An instant Indicative Mortgage Offer was then generated, alongside an automated property valuation; paperwork was then prepared to satisfy customer requirements. 

 

 

Emma Cox, sales director at Shawbrook Property Finance, says: “Over the last 12 months we have been investing heavily in the technology we rely on behind the scenes to help deliver the best possible service to our customers.”

  • icon

    Is it not important to add some key facts re limits on LTV, Age limits, to avoid unnecessary enquiries make it even before one launches into an application?

icon

Please login to comment

MovePal MovePal MovePal
sign up