Online broker promises mortgage decisions in 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.”