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Written by Nick Thwaites

Customers can now search, select and apply for their new mortgage online.
James Sadler, Director of Mortgage27.co.uk, says, "It is an exciting time for mortgage27.co.uk, and the system we have developed is now fully operational. Our customers can now search and apply for a mortgage online, from the comfort of their home. This is a great step forward for us and the whole mortgage industry.

Whilst the mortgage industry is suffering, it is the companies that use this time to develop their systems through innovation that will profit when the upturn comes.

At this point not everyone will want to search and apply online, but a few years ago to book a flight you would go to a Travel Agent and to do your weekly shop you would visit a supermarket. It is now becoming more and more popular to shop and research online and I see the financial market following this trend."

Helen Pickford, Head of Administration at Mortgage27.co.uk says “We have developed a fantastic administration system to help customers with their application, and see the mortgage through to completion. We have had very positive feedback from customers who love the freedom of the system, whilst knowing we are there if they need a hand with the process"

Sadler added "It is an exciting time at Mortgage27.co.uk and we are looking forward to some more positive times in the mortgage market."

Comments

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    It won't work. These systems are never developed with enough common sense and lateral thinking. There will be immense issues. How for example will client know whther a lender will want proof of an ISA and how much should the client state they are intending to pay into one (bareing in mind most people just pretend they will take an ISA to access a pure interest only mortgage)?

    If they put too much it might then fail the lenders affordability test.

    Cant wait to see all the snags you get when people as oft happens loose the first home and need to give new property deatils and in the meantime the rate has also altered.

    What about the issues where your post code search doesn't show the Solicitors the client has? This happens all the time btw

    Good luck, and get ready to burn money

    • 12 March 2009 12:53 PM
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