Pepper Money hade introduced automatic electronic identification and residency verification (E-ID), removing 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, 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.”
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.”