NatWest Bank joins Nationwide and Santander; the three lenders are fully integrated into MoneySupermarket via application programming interfaces (APIs), allowing customers to compare products and get a decision in principle on a remortgage.
Powered by technology partner Podium Solutions, the integration aims to provide a quick and seamless journey for consumers to understand if they qualify for a mortgage amount before they proceed to a full digital application form online.
The comparison site plans to extend its use of the integration technology over the coming months to replicate the process for customers searching for a mortgage on a new residential property, as well as on buy-to-let (BTL) mortgages.
Mark Gracey, corporate development director at MoneySuperMarket, said: “Direct digital integrations with three of the top six lenders on MoneySuperMarket’s mortgage platform simplifies the process and reduces the effort of comparing mortgages.
“We are pleased to be able to partner with the experienced team at Podium to deliver these significant enhancements for our customers.”
James Sadler, co-founder of Podium, added: “MoneySuperMarket is very well placed to help customers find the best new mortgage for them.
“The new integrations greatly improve the website experience allowing those looking for a remortgage to engage with advice, or online execution only.
“We’ll be including more large mortgage lenders to expand the integration platform very soon.”
Dave Harries, head of digital distribution at NatWest Bank, said: “The integration of our Decision in Principle API into the MoneySuperMarket remortgages search offers customers an instant indication of how much we might lend to them, giving them greater transparency and confidence early in the mortgage journey.
“We look forward to expanding the offering into other types of mortgage products in the coming months.”
