Hanley Economic BS makes seven day FMA commitment
Mon, 24 Jul 2023
Image of Hanley Economic Building Society head office

Hanley Economic Building Society has committed to providing its intermediary partners with a minimum of seven days to submit a full mortgage application (FMA) following any product withdrawal, providing a decision in principle (DIP) has been agreed.

This commitment has been introduced by the lender to offer intermediaries additional time and certainty to convert DIP’s into FMA’s in such a volatile product arena. Each case will still be assessed on an individual basis by the in-house underwriting team, meaning no credit scoring, with a range of residential, buy-to-let, shared ownership, retirement interest-only and self-build products available through Hanley Economic.