Mortgage Express has announced an increase of nearly 400% in online registrations since August this year.
A total of 1,253 intermediaries have now registered online with the lender, compared to 269 in August.
Tim Sturley, head of business development at Mortgage Express, says: “We improved our online offering with a 30-second decision in principle which, if it becomes a full application, is virtually guaranteed to become a mortgage offer. Also, the recent postal strike made intermediaries look at alternative ways of submitting business. They obviously liked what they saw and signed up.
“We recognise that this is the way most business will be done in the future and we intend to make sure our intermediaries and their customers are fully equipped to take advantage of this technology.”