Breakthrough! Lender creates buy to let mortgage offer in 48 hours

A bank says it can provide a formal mortgage offer to a buy to let investor in just 48 hours.

Shawbrook says it’s using a new Buy to Let platform which launches shortly, which has “advanced decisioning techniques” via API technology.

While testing the new platform, a broker submitted a new case; third-party checks were automatically carried out as part of the application-in-principle process.

An instant Indicative Mortgage Offer was then generated, alongside an automated property valuation; paperwork was then prepared to satisfy customer requirements. 

Emma Cox, sales director at Shawbrook Property Finance, says: “Over the last 12 months we have been investing heavily in the technology we rely on behind the scenes to help deliver the best possible service to our customers.”

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