The lender said it has made it easier for brokers submitting multiple applications on its buy-to-let (BTL) range.
The facility allows brokers to specify the number of mortgage applications a client is submitting and copies the data accordingly. This saves brokers having to re-key data by automatically replicating the client’s details and pre-populating the appropriate number of applications.
Discussing the development, Clare Mortimer, senior press officer at BM Solutions, said it was a significant move towards helping brokers tackle the day-to-day bugbears they face at work.
She said: “Once again this demonstrates BM addressing an issue that brokers have said will make a difference and help to make their lives easier. Step change technology has received a lot of press recently but lenders cannot afford to stop innovating. Important changes like these make a difference for the intermediary day in and day out.”
David Mead, managing director at Flexible-mortgage.net, said: “Any technology that saves brokers having to re-key data is a very good thing. Intermediaries spend a lot of time keying in information and this is particularly time-consuming on multiple BTL submissions. I cannot think of any other lender offering this facility, but I would certainly like some more to take a step in this direction.”
“One of the problems with multiple BTL applications is the level of paperwork involved. This means intermediaries spend far too much time duplicating information on the various application forms. This facility reduces the need for that and while it is a small step, it is certainly a significant one.”
BM Solutions has enhanced its One Minute Mortgage – its platform for submitting mortgage applications. The lender has made it easier for brokers submitting multiple applications on its buy-to-let (BTL) range.
