Pepper Money has introduced automatic electronic identification and residency verification (E-ID), removing the requirement for brokers to obtain and upload paper documentation. Pepper has also introduced a product option for brokers wishing to select a firm of conveyancers from the Pepper panel to use for remortgage transactions. These products 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.”