We like improved technology

Technology is becoming more important to the mortgage industry in providing a service coupled with a price that will appeal to the consumer.

Many lenders have already developed the ability to take online applications and for those that haven't it will only be a matter of time before they do.

The advantage to the lender is that they no longer need to input the contents of a paper form onto their system, cutting costs that can be reflected in the products on offer.

The advantage to the borrower is increased efficiency and speed of response from a lender on whether they are prepared to offer you the loan.