Alliance & Leicester launches Fast Track Guarantee

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Alliance & Leicester launches Fast Track Guarantee

Alliance & Leicester Mortgages announced today that it is launching its Fast Track Guarantee for its prime residential mortgage range.

This new system will allow mortgage brokers to speed up the mortgage process by bypassing the need for additional paper income verification.

The Fast Track Guarantee is available to prime residential next time buyers and remortgage customers.

However, the must have loan-to-value of 75 per cent or below, pass the Alliance & Leicester credit score, have a loan amount less than £500,000 and be employed.

It is thought that this move will consolidate Alliance & Leicester Mortgages' status as a flexible lender and enhance its bespoke affordability lending model based on individual circumstance.

"Our move signals a flexible approach to mortgage lending in keeping with technological advancements in the market place," Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, said.

"As paper-based practices make way for online processes, such as electronic pay slips, we have enhanced our service proposition to provide a faster 'application to offer' process as well as, greater convenience to our broker customer base."

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