BM Solutions will be removing its signed standard declaration, claiming to be the first lender to do so.
Brokers will need to confirm within the One Minute Mortgage that their customer has read and understood the new important customer information document.
BM says this means that from January 15 intermediaries no longer have to print the old standard declaration, obtain a written signature from the applicant and then post, fax or scan the form to BM.
Head of sales and marketing Chris Pearson says: “We’re constantly looking for ways to respond to the feedback we get from brokers and always want to implement improvements that make a difference to brokers on a day to day basis.
“Yet again we have slashed a minimum of a day off completion times, we would encourage other lenders to move quickly to offer brokers the same benefit.”