Innovation Can Revolutionise the UK Mortgage Market and Stimulate Competition
Fast, efficient, and error-free mortgage lending is the expectation of today’s borrowers, with digitally enabled mortgage experiences expected to become the norm as firms across the industry continue to invest in digital innovation. Digital technologies will transform the mortgage loan value chain, and it’s vital for mortgage providers to keep up with this innovation and ensure they stay competitive in the market.
In March 2021, net borrowing levels in UK reached their highest of any month since data began in 1993 and, as we enter the next phase of eased covid-19 restrictions, there are no signs of the market slowing down. Read this exclusive article on The Fintech Times where Ajav Vij, Senior Vice President, Financial Services, Infosys, shares his views on how innovation can revolutionise the UK mortgage market and stimulate competition.