Private Label is setting up an interactive website which allows intermediaries to complete mortgage applications online.
A mortgage search facility on the site can produce illustrations compliant with the Consumer Credit Act, which can be printed and given to clients.
It offers key features documents, reasons why letters and decisions in principle. IFAs can also access product guides, application forms and sales aids which are available for downloading and printing.
Development of its website has followed research into intermediaries' views on internet-based mortgage applications.
Director of marketing Tony Fisher says: “The research showed intermediaries do not necessarily just want to use the internet to submit applications online but also want to use it as a cost-saving tool. By giving them a search engine, compliant quotations and documentation, we are helping the intermediary reduce the amount of paperwork normally associated with a mortgage sale.”