Principality goes live on MTE

Principality has become the latest lender to go live on the Mortgage Trading Exchange.

Electronic forms for Key Facts Illustrations, agreements in principle and full mortgage applications have now been created.

Mortgage Trading Exchange covers 27 lenders and packagers. Mick McGuire, director of business development at Principality, says: “We launched electronic services to brokers earlier this year with our own extranet site, principalitybroker-point.co.uk.

Partnering with the MTE was the natural next step for us to take, providing brokers with control of how they submit applications to us – all in an efficient manner.”