Mortgage News
Virgin Money accepts e-signatures on mortgage declarations
Virgin Money has updated its mortgage process to accept electronic signatures on residential and buy-to-let mortgage declarations to accommodate brokers and borrowers working from home.
Borrowers can sign electronically in a number of ways.
As well as the option to type their name into the declaration and electronically paste their signature, borrowers using a touch screen can use their finger, e-pen or stylus.
Alternatively, borrowers can access a contract through a web-based e-signature platform and click to have their name automatically inserted in the appropriate place.
A wet signature will still be required on certain forms, such as gifted deposit and Mortgage Guarantee Scheme forms.
Brokers can submit documents electronically.
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Virgin Money will accept either photos or scans of documents.