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Abbey speeds up mortgage approval

Abbey National&#39s new internet site sees intermediaries able to secure approval for mortgages in as little as 60 seconds.


The high street bank&#39s revamped internet site will allow intermediaries to speed up the previously lengthy application process.


The new system is costing the bank £5m to set up, and will provide 10,000 brokers access to Abbey&#39s range of products.


Abbey director of retail e-commerce Ambrose McGinn says “With 50 per cent of our mortgage business supplied by intermediaries, the new introducer internet services will respond to all improvements that our contacts have been crying out for, namely speed of service, flexibility regarding time availability and up to the minute tracking of customers&#39 cases.”


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