You are here: Home - Mortgages - First Time Buyer - News -

First paperless mortgage application launched by NatWest

0
Written by: Christina Hoghton
20/09/2017
NatWest is the first lender to offer a completely paperless mortgage, where borrowers won’t need to send a signed application form or documents through the post.

Instead the lender will use technology that allows its customers to securely share documents – such as bill and passports – online.

Customers will upload and send their supporting documents before arranging a telephone call, during which a mortgage adviser will guide them through the process.

When ready, the customer can sign the final documents electronically, completely eliminating the need for paper for the first time ever in the UK.

NatWest said the move is estimated to save more than 4.4m sheets of A4 paper a year and its director of mortgages, Lloyd Cochrane, said: “This innovation will make the process of buying a new home much simpler, easier and faster for our customers, transforming the way homes are purchased in the UK.”

Ishaan Malhi, CEO and founder of online mortgage broker Trussle, said: “This is the first time we’ve seen one of the ‘big six’ lenders make the technological leap to paperless mortgages, and it’s encouraging to see customer-friendly digital alternatives begin to permeate through the industry.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2293581-europe-map
Another blow for buy-to-let, as UK slips down European league table

The UK is now among the worst places in Europe to hold buy-to-let property.

Close