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Search Search. Menu Sections. Charlie Weston Twitter Email. An IT system has been rolled out to mortgage brokers that allows them to get approval in principle for home buyers in just six minutes. T he new application process takes much of the manual processing out of applying for a home loan. It has been developed by a technology firm headed by mortgage expert Karl Deeter in conjunction with Avant Money, but the system is not biased towards that lender and brokers using it are free to recommend placing the loan with another lender.

Brokers now handle in excess of 40pc of the mortgages being issued. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

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