NatWest extends DIPs on MoneySuperMarket platform

MoneySuperMarket has upgraded its integration with NatWest, which will see purchase mortgage customers offered a decision in principle on the platform before going on to apply directly with the bank.

The partnership between the lender, comparison website and technology partner Podium Solutions, allows consumers to understand how much the bank might be willing to lend before proceeding to a full application.

The move complements remortgage integrations already in place on MoneySuperMarket’s platform with high street lenders NatWest, Nationwide and Santander.

NatWest head of digital distribution Dave Harries says: “We’ve seen a great customer response to our remortgage journey on MoneySuperMarket and this is now the next step in the roll-out of our integrated mortgage journeys.

“We’re proud to be delivering this market-first in partnership with MoneySuperMarket and Podium and look forward to future opportunities to improve the digital mortgage experience for customers.
MoneySuperMarket corporate development director Mark Gracey adds: “Direct digital mortgage integrations are a key strategy for MoneySuperMarket, and to be the first comparison site to partner with NatWest on a purchase application programming interface means our customers can now experience a more seamless and even quicker application process.”

Earlier this week, NatWest increased rates on a wide range of products by up to 23 basis points, while several other deals were cut by up to 10 bps.

— by Roger Baird