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A&L gives 85 per cent of online mortgage applications a DIP in 60 seconds

Alliance & Leicester confirms 85 per cent of all its online mortgage applications submitted by mortgage intermediaries receive a decision in principle within 60 seconds.

A&L is urging mortgage intermediaries to consider the merits of online-based mortgage applications which can save both the intermediary and their client time compared with paper applications.

A&L head of intermediary mortgages Mehrdad Yousefi says: “Our system has enhanced the whole mortgage application process for intermediaries, providing quicker decisions, faster processing, easy tracking of cases and less paperwork. Both intermediaries and consumers will benefit from a quick decision to their mortgage needs.”

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