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Brokers give thumbs up to Standard Life&#39s three minute mortgage

IFAs have given the thumbs up to Standard Life&#39s three minute mortgage suggesting that the service could prove a hit if it lives up to expectations.


Mortgage brokers say they would have confidence offering the mortgage despite the fast turnaround time.


Bridge Baxter managing director Nick Baxter says: &#34Because the bank is linked to Standard Life which has an excellent reputation I think it will be able to deliver a high quality product within the time frame it has set itself.&#34


Chase de Vere managing director Simon Tyler says: &#34The concept of agreeing a mortgage in three minutes is not new. What will interest IFAs is if it can actually be processed in nine minutes after all the relevant checks have been made.&#34

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