Loughborough Building Society has launched an online mortgage application portal for brokers.

The site allows advisors to create a European standard information sheet, produce a decision in principle and complete a mortgage application from the society’s intermediary webpage.

The society says the portal allows information from each stage to be transferred to the next – so no time is wasted re-populating questions that have been already answered.

It adds, the ESIS and the DiP will take just minutes to produce.

The system advises which documents are needed and these can be uploaded directly to the case file online. Also, where referrals are required, these will be dealt with quickly to allow a smooth process from start to finish, the society adds.

The portal allows brokers to submit applications that cover residential, shared ownership, joint borrower sole proprietor, lending in retirement and buy-to-let mortgages.

Loughborough Building Society business development manager Ashley Pearson says: “Following a successful pilot with a range of intermediary firms who operate in all types of mortgages, we’re delighted to offer this online facility to all directly authorised advisors, who are members of our intermediary panel”.

The society, founded in 1867, is now in its third year of working in the intermediary market.