EDINBURGH, Scotland, Oct. 14, 2015 /PRNewswire/ -- Carrington Mortgage UK Limited (Carrington), one of the UK's leading residential mortgage and protection brokers, today announced the availability of a guaranteed 30-day mortgage approval for UK customers looking to avoid delays in the traditional bank lending system.
Carrington's guaranteed approval in 30 days cuts processing time in half, as compared to the current 60-90-days approval of traditional mortgage applications. The 30-day timeline begins upon submission of the loan to the lender. Borrowers must return requests for documentation to Carrington UK within 24 hours of the request to be eligible for the offer.
"At Carrington UK our focus is customer satisfaction. In response to our customers' desire to get into their homes sooner, we have invested our capital in streamlining the mortgage process," said Carrington Mortgage UK Limited Country Head Chad Ruggles. "To prove we are committed to a faster quality of service, if Carrington UK is unable to meet the guaranteed 30-day deadline, we will provide £250 back to the borrower upon completion of the loan."
The 30-day guaranteed approval does not extend to Self-Build mortgages and mortgages declined by the lender. Offer is subject to withdrawals or changes at any time. In addition borrowers who do not keep up on mortgage payments may have their house repossessed.
Carrington Mortgage UK Limited is an affiliate of Carrington Holding Company, LLC. In addition to the UK Glenrothes hub, Carrington UK has offices in Stonehaven, Fraserburgh, Anstruther, Kirkintilloch, Paisley, Dumbarton, Edinburgh and Norwich.
Please call 01592 773772 or visit www.CarringtonUK.com for more information about Carrington's 30-day guaranteed approval and residential mortgage brokerage services offered in the UK.
About The Carrington Companies:
The Carrington Companies own and operate multiple businesses that cover virtually every aspect of single family residential real estate transactions through investments in U.S. real estate and international mortgage markets, loan origination and servicing, asset management and property preservation, real estate brokerage, title and escrow services. To read more visit: www.carringtonhc.com.
Through its collective associates made up of Carrington leaders and employees, the company's non-profit organization, Carrington Charitable Foundation, seeks to promote giving back to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation and the organizations and programs it supports through specific fundraising efforts, please visit: http://carringtoncf.org.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but typically 0.3% of the amount borrowed.
Office: 01592 773772
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SOURCE Carrington Mortgage UK