First ever paper free mortgage.
Natwest has announced that they are the first UK bank to offer paperless mortgages, customers will all be offered the option to apply for their mortgage in a completely paperless way. Uploading documents and even using digital signatures to sign declarations.
Whilst this is exciting step forward for banks, it is something that Mortgage Brokers have been providing for years. There are still exceptions to this and some items that brokers need to get their clients to sign or originals need to be seen.
The hope for the future is that as if more banks adopt Natwests process that they will be more willing to accept every document from mortgage brokers by a similar method!