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Brokers back use of smartphones

Eight in 10 brokers believe being able to send information and documents to lenders using their smartphones would improve the mortgage process.

In a survey of 251 brokers and IFAs by mortgage best practice site, Mortgage Brain and software firm iState Systems, 51 per cent of advisers said the technology was not available with any of the lenders they use regularly while 39 per cent said fewer than a quarter of the lenders they used would let them submit documents using their phone.

IState Systems managing director Chris Little says: “At the same time that many lenders are struggling with service standards and high volumes it makes perfect sense to utilise available technology to reduce the pressure on staff and improve the experience for both brokers and customers.” 



AMI head of policy to join FCA

Association of Mortgage Intermediaries head of policy Alex Revell is leaving to join the FCA as a senior associate within the regulator’s sector support team. Revell, who is expected to leave the trade body in November, has worked on policy analysis at AMI for the past five years. The trade body says it is currently […]


Precise rethinks criteria for self-employed

Precise Mortgages has overhauled its self-employed criteria and will now lend if the borrower has just one year’s certified accounts or SA302. Previously, the business must have been trading for a minimum of two years and have the latest trading accounts for loans up to 75 per cent LTV and trading for minimum of three […]

CML - 700

CML figures show gross lending shot up 13% to £18.6bn in August

Gross lending shot up 13 per cent year-on-year in August, according to figures published last week by the Council of Mortgage Lenders. Lenders advanced £18.6bn in August, up from £16.4bn in the same month last year. On a monthly basis, lending was down 5 per cent from the £19.7bn lent in July. While lending was […]


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