Saving Time for Brokers and Landlords

We’ve expanded our verification process to make things even easier for brokers and landlords. Now, in addition to verifying even more personal bank account details, we can also confirm Limited Company bank accounts, streamlining the process and reducing the need for additional paperwork at the post offer stage.

Previously, brokers needed to submit extra bank statements to verify Limited Company bank accounts, adding time and hassle to the process. With this enhancement, we can now automatically verify bank details on Direct Debit Mandates (DDMs), cutting down on document requests and helping cases progress more smoothly. With more than 80% of applications coming from Limited Companies, this improvement could significantly speed up our completion times.

The process remains straightforward for brokers, with the borrower signing the DDM electronically. Automatic checks are then run by us in the background, and once verified, the broker will be notified, allowing the case to progress further and helping to prevent delays by ensuring all details are correct up front.

We continue to listen to our broker's feedback and look for ways in which we can use technology to help with case submissions. We have already received some amazing feedback on how this will help brokers and their clients.

Nirmal Singh, Proprietor of Bains Express, shared, “This is great news. This will save a lot of time and clients won’t get frustrated being asked for this, especially when this is the last thing outstanding before a completion.”

Want to see how much time you could save? Visit our broker portal and start an AIP from the home page in just 1 click >> https://kos.keystonepropertyfinance.co.uk/