M&S Bank to speed up mortgage process with Open Banking

M&S Bank has launched Open Banking assisted mortgage applications, removing the need for borrowers to supply copies of bank statements to support their mortgage application.

Related topics:  Mortgages
Rozi Jones
26th February 2019
M&S Marks Spencer Bank
"This latest addition to M&S Bank’s Open Banking offering will simplify the process for M&S Bank mortgage applicants and reduce the application time"

Using the Open Banking assisted journey, this documentation will be immediately and securely provided via an Open Banking platform.

Julia Annandale, head of mortgages at M&S Bank, said: “Delivering excellent mortgage solutions and the M&S-standard service that our customers have come to know and expect from M&S Bank is our absolute priority.

“We’re delighted to offer an Open Banking assisted mortgage application journey, which will make things even easier for our customers when making a new M&S Bank mortgage application.”

Emma Steely, CEO of AccountScore, commented: “This latest addition to M&S Bank’s Open Banking offering will simplify the process for M&S Bank mortgage applicants and reduce the application time by making it much quicker and easier for customers to share supporting documentation.”

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