Abbey for Intermediaries 10-day mortgage offered

Abbey for Intermediaries will be launching a ten-day mortgage offer next week, said to be the first of its kind from a major mortgage lender.

As part of the promise, an offer will be sent out by the group within ten working days on all valid applications.

The commitment will apply to all Abbey mortgage applications at 75 per cent LTV or less, and has been promised as part of Abbey's new service pledge.

Abbey for Intermediaries has said it will also be releasing details of actual mortgage application data to demonstrate the company's performance.

Ricky Okey, Abbey for Intermediaries director, mortgages and protection, said: "Abbey is committed to the intermediary market and to prove that we are not afraid to put our words into action, we have launched a cast-iron commitment to the market."

"All we require is that brokers help us to help themselves by ensuring that all applications are fully packaged, meaning all required documentation is sent together."