First there was the race to join the internet revolution and opening up business to the rigours of t...
First there was the race to join the internet revolution and opening up business to the rigours of the web. Now comes the race to re-launch - Standard Life Bank is the latest to do so promising to answer mortgage application in minutes.
The updated site will make it possible for customers to make mortgage applications online, access the online mortgage jargon buster and use the new mortgage calculator which help users to work out their monthly mortgages payments.
Standard Life director of sales and marketing David Macmillan said the new online mortgage application works by providing a mortgage decision in minutes based on the customer's address and salary information.
"This tell the customer if Standard Life Bank will give them a mortgage and, if so, how much they can borrow," said Macmillan.
Standard Life follow-up all internet communication by telephoning the customer in order to progress the mortgage application.
Macmillan added: "Our savings customers can also use the web to manage their accounts and access information from our parent Standard Life to create their own personal finance pages with information on mortgages, savings, pensions and life assurance."
The site can be accessed on www.standardlifebank.com
£1bn business since inception
Considered doing so in 2015
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