Abbey for Intermediaries updates online system
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Abbey for Intermediaries has made a number of improvements to its online system, which it says are designed to make it easier for intermediaries to do business with AFI.
It has introduced an online mortgage application amendment form, which will allow brokers to enter changes to an existing purchase or remortgage application and submit these by email, rather than having to log in and use the ‘amend FMA’ facility.
The changes that can now be made include the purchase price, the loan amount and product.
It has also introduced a new rental income form that acts as a calculator, which it says will help intermediaries work out whether AFI will consider any background buy-to-let properties to be self-financing for affordability purposes.
Intermediaries can save the form as a PDF for their files and then fax this to AFI.
Other updates to the site include the introduction of a new A-Z toolbar for lending criteria.
Alan Mathewson, managing director of Abbey for Intermediaries, says: “We want to make it even easier for intermediaries to place their business with us and the online enhancements we have made do just that, by simplifying existing processes and introducing new functions that add value and make the application process more efficient.
“We have been clear that improving service is our number one priority and we believe these latest changes, introduced in response to feedback from intermediaries, will build upon the progress already underway to help us become the intermediary lender of choice.”
AFI recently launched a two-year fix at 2.99%, which comes with the Homebuyer Solution, offering borrowers a free basic valuation and £250 cashback on completion.
The product, which has a £995 fee and is available up to 60% LTV and has a maximum loan size of £550,000.
AFI is also continuing to offer an additional 0.02% for all new Abbey business placed until 31 October.
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