Last year, Shawbrook unveiled their new online system “My Shawbrook Portal”, which allows existing Buy-to-Let customers nearing the end of their mortgage term, to quickly and easily submit a product switch application, drastically reducing the processing time to just 48 hours.
They have now announced that the self-service portal will be accessible to their panel of professional broker partners, allowing them to submit applications on behalf of their clients within just 10 minutes.
By delivering a more efficient product switch process and improved service to the customer, the digital solution allows the Bank to actively assist its brokers retention activity, whilst supporting them with the same commissions.
Emma Cox, Sales Director for the Shawbrook Property Division comments:
“Opening this system up to allow our brokers partners to proactively switch on behalf of their clients has been on our radar for some time. It forms part of a wider strategy to build out the technology that supports our distribution, using smart systems to do the heavy lifting but keeping our expert teams very much involved where necessary. We are a relationship business, and achieving the right balance of people and technology is very much something we are focused on moving forward.”
Our guide walks through the steps of this new, simple product switch portal.