United Trust Bank (UTB) Mortgages for Intermediaries has made its online DIP process available for all its buy-to-let products.
Until recently, the majority of buy-to-let applications were referred for a manual underwriting review, but following a successful trial, brokers are now able to see an immediate pass, fail or refer decision on the Bank’s broker portal DIP results screen.
This new functionality, combined with existing features, hopes to accelerate and simplify the buy-to-let application process and brings it in line with the journey brokers experience with the Bank’s other mortgage products.
Mike Walters, sales director of mortgages at UTB, said: “I am delighted that after rigorous testing the technology which enables us to increase our buy-to-let capacity is now up and running, providing brokers with buy-to-let cases access to the same quick and straightforward application journey which powers our residential mortgage offering.
“We have had an overwhelmingly positive response to our buy-to-let products and criteria which once again fulfills our mission to provide great value products to parts of the market not best served by mainstream lenders.
“Demand has grown from day one and although it was necessary to control our volume during the buy-to-let roll-out, it has been frustrating knowing just how many brokers and borrowers want what we offer.
“This technology led enhancement allows us to open our doors wider and we look forward to welcoming many new landlord customers to UTB.”
