22 Jan, 2008
Brokers will now be able to get an online
decision for all additional borrowing applications from BM
This makes BM one of the first lenders to have a completely
paperless additional borrowing process. Previously, brokers have
had to fill in a paper form for the second stage of the
Within the new system brokers will enter their client's full
details on the One Minute Mortgage, which will then return a
decision in principle.
Brokers can then print a key facts illustration and upgrade it to
a full application.
The new streamlined process should cut out any post delays in the
process, and allow brokers to get a decision swiftly.
Phil Rickards, head of sales, says: "This is a brilliant new
enhancement to the One Minute Mortgage. Reducing the burden of time
and administration for brokers goes a long way to making their
lives easier. This means that they can submit their additional
borrowing applications, confident that they will receive same speed
and support that they are used to from BM