The enhancement allows borrowers to immediately e-sign and return their formal offer to streamline the completion journey.
The technology is a secure verification service which allows customers to sign and share documents online therefore reducing delays that can occur when printing and posting physical copies.
Claire Rankin (pictured), director of strategy and digital transformation at Shawbrook, said: “E-signatures are just one in a long line of digital enhancements that Shawbrook will introduce this year. Our aim is to continually make technological improvements to better support our broker partners and their clients.
“Documents that previously would have taken days to co-sign can now be completed in a matter of minutes. As our lives start to get busier again, being able to access and sign documents from anywhere and at any time makes applying for a mortgage a more straightforward process.”
The e-signature roll-out comes ahead of the launch of Shawbrook’s buy-to-let platform. During the pilot phase of the platform a buy-to-let mortgage was completed in seven days.
The platform will go live this summer.