Pepper Money has introduced electronic identity verification (E-ID) for mortgage applications.
This removes the requirement for brokers to obtain and upload paper documentation in some instances.
In addition to the launch of E-ID verification, Pepper Money has also introduced a product option for brokers wishing to select a firm of conveyancers from the Pepper panel to use for remortgage transactions which come with a discount to the free-legal products.
Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we are always looking for ways that we can help make it easier for brokers to find solutions for their clients and this is the latest in a series of planned changes to make the mortgage application process smoother for brokers and their clients without compromising our commitment to hands on, pragmatic underwriting.
“We are also offering brokers and their clients more choice for remortgage applications allowing clients to select a Pepper panel conveyancer as an alternative to our free legal product.”
Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “A growing number of customers have a diverse range of circumstances that require a specialist approach with hands-on underwriting, but that doesn’t mean the application process needs to be any more complicated.
“The introduction of E-ID by Pepper Money is an important step in making it easier for advisers to find a home for their clients with specialist circumstances, and one that we fully support.”