Santander has launched an online service to let customers remortgage within 30 minutes.
The new facility can be done from home and gives borrowers an instant decision on their mortgage.
Customers can save their application and resume when they like and can choose from Santander’s full mortgage range.
Santander director of mortgages Miguel Sard says: “Today, more and more is being done online. From small things like ordering shopping to bigger things like booking flights. When it comes to managing your mortgage, it shouldn’t be any different.”
All supporting documents can be uploaded immediately and customers are kept updated on the progress of their application by email.
Santander has also launched exclusive products through the system.
These are a 60 per cent LTV two-year fixed rate loan at 1.23 per cent with a £995 product fee and a 60 per cent LTV five-year fix at 1.99 per cent with a £995 fee.
Sard says: “We know that many people already look around for the best deals online, this tool takes it a step further, we are empowering customers to secure their mortgage online, at a time and place that suits them.”