You are here: Home - News -

Abbey aiming to net new business

  • 05/06/2003
  • 0
Abbey National is targeting those intermediaries still not processing mortgages online. Over 13,000 ...

Abbey National is targeting those intermediaries still not processing mortgages online. Over 13,000 website demonstration compact discs will be mailed out by Abbey National to intermediaries, targeting those who are either not members of its introducer internet website or who are registered but not submitting their mortgage business online.

Jan Errington, group marketing manager at Abbey National for Intermediaries, said: ‘The demonstration disc takes the user through the main features of the site step by step to show just how easy it is to complete a mortgage application online. It is very intuitive and highlights the advantages of online applications in terms of speed for intermediaries..

Industry online applications are rapidly becoming standard. UCB Homeloans, Bristol & West and Alliance & Leicester have reported that over 50% of their intermediary business is submitted online. BM Solutions latest Online Index, tracking brokers’ attitude to technology, found 68% submit and track at least some of their mortgages, but only 16% did so with over 25% of their cases.

Since its launch in 2001, over 14,000 intermediaries have registered with Abbey National’s intermediary site, and the site accounts for over half of the lender’s intermediary business.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Skipton BS purchases sub-prime mortgage portfolio from Preferred

Skipton Building Society subsidiary Amber Homeloans has purchased a £70m sub-prime mortgage portfoli...