BM launches additional borrowing online

BM Solutions is thought to be the first specialist lender to offer brokers the opportunity to process additional borrowing applications online.

This latest development once again demonstrates the One Minute Mortgage is the leading online offering in the mortgage market. By allowing brokers to process applications online brings cost and time benefits, reducing paperwork and manual form filling.

Once brokers have keyed in their applications, a decision letter will be despatched within 48 hours. This will be further enhanced in the near future with the launch of online decisioning.

Commenting on the launch, Ray Boulger, senior technical manager at John Charcol, said: “Many clients want their further advance funds quickly and now that a further advance lending decision can be obtained more efficiently by applying online, BM’s proposition is even more powerful.”

Commenting on the developments, Martin Reynolds, head of sales at BM Solutions, said: “BM Solutions works hard to constantly improve the online offerings for intermediaries. These developments once again see BM Solutions leading the market.”