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  "path": "/money/nationwide-building-society-mortgage-initiative",
  "publishedAt": "2026-02-10T15:34:10.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Martin Lewis issues urgent advice to Nationwide customers hoping to secure £100 bonus",
    "First‑time buyers need £23,000 deposit and six years savings as ‘small, achievable steps’ remain key",
    "Nationwide major update as customers urged to snatch 'generous' 6.5% savings account",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nNationwide Building Society has launched a new system allowing customers to sign mortgage deeds electronically, removing the need for physical paperwork and witness signatures.\n\nThe building society said homebuyers and customers remortgaging will be able to complete mortgage deeds using qualified electronic signature technology, provided their solicitor or conveyancer supports the system.\n\n###\n\n\n\n\nThe digital signing option will initially apply only to properties in England and Wales.\n\nMortgage deeds are the legal documents linking a borrower’s mortgage loan to their property and have traditionally required handwritten signatures.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nThe move follows a decision by the Land Registry last year to begin accepting qualified electronic signatures as part of mortgage applications, paving the way for lenders to introduce digital processes.\n\nNationwide developed the system in collaboration with the Land Registry, conveyancing firm Your Conveyancer and technology provider Veyco.\n\nHenry Jordan, group director of mortgages at Nationwide, said: “Nationwide is committed to speeding up the home‑buying process and reducing the stress and inconvenience that can come with buying a home.”\n\nThe Land Registry said it hopes other lenders will adopt similar technology. Andy Roddy, deputy director of digital services, said: “We look forward to seeing others follow Nationwide’s lead, helping to make property transactions simpler and safer for everyone.”\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nMartin Bourke, managing director of Your Conveyancer, said the development shows how industry collaboration can support modernisation across property transactions.\n\n“The innovation [is] hooking one of the last remaining paper‑based steps in the transaction, helping clients and customers complete their remortgage or purchase transaction utilising a fully digital journey,” he said.\n\nMortgage industry experts said the change represents a significant shift in how property transactions are processed.\n\nNicholas Mendes, mortgage technical manager at John Charcol, said: “This is a genuinely significant step for the mortgage market.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Martin Lewis issues urgent advice to Nationwide customers hoping to secure £100 bonus\n  * First‑time buyers need £23,000 deposit and six years savings as ‘small, achievable steps’ remain key\n  * Nationwide major update as customers urged to snatch 'generous' 6.5% savings account\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n\"The mortgage deed has been one of the last stubbornly paper‑based parts of the process, so allowing it to be signed digitally removes real friction rather than just polishing the edges.”\n\nMr Mendes said borrowers could experience fewer delays, with reduced reliance on printing, posting and arranging witnesses.\n\nHe added that qualified electronic signature technology provides enhanced identity verification and audit trails, strengthening protections around mortgage documentation.\n\nProperty industry representatives have highlighted the scale of delays affecting housing transactions.\n\n###\n\n\n\n\n###\n\n\n\n\nMary‑Lou Press, president of NAEA Propertymark, said: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average.”\n\nShe extended timelines add pressure and uncertainty to transactions, and that digital technology could improve accuracy while reducing administrative workloads for lenders, conveyancers and buyers.\n\nConsistent adoption across the mortgage and conveyancing sectors could reduce transaction times and improve efficiency across the housing market.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "Nationwide Building Society announces mortgage initiative to ‘help speed up home-buying process’"
}