A wet signature will still be required on certain forms, such as gifted deposit and Mortgage Guarantee Scheme forms.
Virgin Money will now accept electronic signatures on residential and buy-to-let (BTL) mortgage declarations.
Virgin Money said the introduction of electronic signatures will make things easier for brokers and their customers, especially as many are still working from home.
Customers can sign electronically by typing their name into the declaration, electronically pasting their signature in the appropriate place and by using a finger, e-pen, or stylus and a touchscreen to electronically write their name in the appropriate place.
Customers can also sign electronically by accessing a contract through a web-based e-signature platform and clicking to have their name automatically inserted in the appropriate place.
A wet signature will still be required on certain forms, such as gifted deposit and Mortgage Guarantee Scheme forms.
Brokers can submit documentation electronically and Virgin Money will accept either photos or scans of documents.
