Pink Home Loans has launched a pilot “Good as Gold” application in principle scheme in conjunction with Bristol & West Mortgages.
The pilot service is currently being offered to Pink Home Loans' Premier members.
Working with Bristol & West Mortgages, Pink Home Loans has developed a shortened AIP form of one page. Once a request for an AIP has been received, Bristol & West Mortgages guarantee to inform Pink Home Loans of the decision, including referrals, within four working hours.
The “Good as Gold” AIP system is so called because Bristol & West Mortgages will always honour the decisions made through the scheme.
Tony Jones, managing director of Pink Home Loans, says: “Pink Home Loans has teamed up with Bristol & West Mortgages to offer a new service to Premier members through the introduction of a pilot AIP scheme which is designed to simplify and speed up the application process. This will be achieved through a shorter AIP form, and enhanced speed and certainty in the decision-making process.”
Mike Lloyd, head of central mortgage services for Bristol & West Mortgages, says: “After a lengthy consultation period in response to the feedback we have received from our brokers we are piloting our Good as Gold AIP. This new system is both time and cost-effective leaving the broker more time to spend with their client. Although we are currently piloting it through Pink, we are hoping to make it available to all our brokers once its success has been proved.”