Graham Warburton, marketing director at Genesis, said: "Our aim was to develop a form that will outperform our competitors in terms of information capture, acceptability by the very broad range of lenders we deal with and general ease of use. I’m confident we’ve achieved this."
Common application forms are favoured by many intermediaries who like to source mortgages from a wide range of lenders but keep stocks of forms and paperwork to manageable levels. Common forms also reduce the potential delays caused by using lender-specific paperwork should a case need to be switched part way through the application process, perhaps because a better deal is launched by another lender.
Graham continued, "Most lenders have been very helpful in adopting common application forms in recent years and we hope this accommodating attitude can continue when it comes to receiving ‘electronic’ applications from organisations like ourselves in future."
