Santander targeting faster mortgage offers
Santander for Intermediaries has started instructing property valuations on the day it receives an application as it looks to produce faster mortgage offers.
Previously, the bank instructed the valuation once an underwriter had agreed the case.
For all residential and buy-to-let applications with a free standard property valuation, the lender will instruct the valuation straightaway providing it is sent by 4pm. For cases submitted after 4pm, the valuation will be instructed the following day.
Aaron Strutt, product manager at Trinity Financial, says: “We are already starting to see the benefits of Santander’s policy change and one of our brokers produced a mortgage offer in an incredible two working days. This is noticeably quicker.
“It is not possible to get every Santander mortgage offered so rapidly, but providing the application is submitted correctly and with all of the required documentation, we should be able the mortgage agreed quicker.”
For help to secure a fast mortgage offer call Trinity in 020 7016 0790.
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