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

Online broker promises mortgage decisions in five days

Written by:
Online mortgage broker Trussle has launched a service promising mortgage decisions to customers within five days.  

According to the broker, mortgage approval times slowed dramatically during the pandemic and while some are back at pre-pandemic processing times, many high street lenders take 15 days or more to make a decision.

This leaves buyers facing considerable periods of uncertainty, Trussle said.

The firm, which has also vowed to offer mortgage advice within 24 hours, claims to be the first broker to provide a service that promises mortgage decisions within five days.

Trussle said it will only work “with the UK’s fastest lenders to deliver on its five-day service commitment”.

The lenders currently be used as part of the service are: Barclays, BM Solutions, Clydesdale, Fleet, Godiva, Halifax, HSBC and Scottish Widows.

Ian Larkin, chief executive of Trussle, said: “Buying a new home should be an exciting time, and so it’s such a shame that it’s considered one of the most stressful processes in life.

“Trussle was created to make mortgage applications easier and now we want to give our customers the certainty they desperately need at a very early stage in the process.

“By using technology and automation to cut out needless hassle, we can give our customers decisions in days not weeks, without compromising on service, to hopefully bring some of that excitement back to buying a home.”


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.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week