This enables applications, through both intermediaries and Skipton Direct, to be processed to binding offers within 24 hours of the application being made.

Some lenders provide a ‘mortgage in a day’ on conditional offers often subject to valuation, rather than being completely automated. At Skipton, all applications will continue to go through the building society’s underwriters, providing the opportunity for brokers and customers to discuss cases where needed.

Alex Beavis, Skipton’s head of mortgages, said: “As a mortgage provider, we understand that securing an initial offer is an important milestone for our customers. Our ambition with one day mortgage offers is to provide our customers and brokers with the certainty they need with a quick and straightforward process.

“As part of our long-term mortgage strategy we will, where possible, ensure cases can be offered quickly, by combining the best of technology with our existing common sense and human touch approach. 

“Our recent investment in technology, financial crime tools, automated ID&V, systems development and robotics, along with the skill and innovation of our people has been essential in making this goal a reality.”