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NatWest completes 100,000 paperless mortgages

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  • 09/05/2019
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More than 100,000 borrowers have made use of NatWest’s paperless mortgage application process, the lender has revealed.

The service, which allows users to securely share and verify documents online, was launched back in 2017.

NatWest was also the first lender to complete a fully paperless mortgage process as part of HM Land Registry’s digital mortgage service.

The lender is currently working with fintech business Instant Property Network to see how blockchain technology can be used to speed up the conveyancing process, in the hope that it can improve transparency and save buyers and vendors time and money.

Ian McLaughlin (pictured), managing director of home buying and ownership at NatWest, said that doing things digitally is a way of life for many customers, so it was important for the mortgage industry to keep innovating in order to meet their expectations.

“Adding HM Land Registry’s digital mortgage service to our innovative digitised mortgage application process allows us to provide our customers a completely paperless mortgage from start to finish,” he added.

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