MortgagesOct 24 2013

Nationwide apps promise quick access to product information

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The Nationwide for Intermediaries app covers the residential housing market and includes a product finder tool that scans Nationwide residential mortgage products, an affordability, comparison and house price calculator and access to information on service performance.

The Mortgage Works app, meanwhile, focuses on specialist lending such as buy-to-let and let-to-buy. It features a product finder device that enables users to search The Mortgage Works’ specialist lending products, criteria search, and a buy-to-let affordability, rental income and mortgage payment comparison calculator.

Both apps are available on iPads, iPhones and Android mobile phone and tablets and pages on them are cached for 24 hours to enable brokers to access them while offline.

Ian Andrew, managing director for Nationwide Group Intermediary Sales, said: “Whether their client is a new residential borrower or a landlord, these apps will help the intermediary find the most appropriate product in a fast and easy way.

“Most of the features that are currently accessible on the Nationwide and TMW websites are now available to intermediaries through the mobile apps, wherever they are and whether or not they have immediate access to the internet.”

Adviser comment:

Warren Bentham, an IFA and head of paraplanning for North Wales-based 75point3, said: “With an increasing amount of business being conducted online and through mobile devices, it is inevitable that mortgage lenders and other financial services companies will develop applications for advisers to use. As I am yet to download either the application, I cannot comment on their respective functionality, however, any system that makes information more readily available to advisers should be welcomed. While I do not believe this will revolutionise mortgage lending, for those advisers that visit clients away from their office, I am sure these and subsequent applications could save them some time and potentially streamline their mortgage advice process.”