The digital platform offers instant indicative mortgage offers, including automatic valuations models (AVMs) where applicable. This allows the bank to provider faster, consistent and reliable credit decisions. It streamlines applications by integrating with third parties, which reduces the need for additional documents and data input.
During the test phase, Shawbrook said some cases moved to formal mortgage offers within 24 hours, and completion within a week.
Claire Rankin, director of strategy and digital transformation at Shawbrook Bank, said: “We’re proud to unveil our ground-breaking new portal to the wider market, following a successful pilot programme.
“This is a key milestone in our digital journey, aimed to transform the mortgage process for both brokers and customers.
“We want to provide an easy and frictionless journey and to achieve this, we need to strike the perfect balance of advanced technology and expert people.
“These are both areas we have made significant investment in over recent months and we’re excited for our brokers to reap the benefits.
“MyShawbrook Buy-to-Let aims to support all types of cases, from single dwelling applications, right through to the more complex, large portfolio cases – we look forward to providing a more efficient process to the Buy-to-Let market.”
Original article featured here…
Shawbrook recently published its latest survey results, showing broker confidence in the UK lending environment.