Shawbrook and Nurture Finance complete complex refinance in 25 working days

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  • 26/11/2019
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Shawbrook and Nurture Finance complete complex refinance in 25 working days
Shawbrook completed a buy-to-let refinance for a landlord who wanted to construct a new investment property and repay a director’s loan in 25 working days.

 

The specialist lender’s underwriters worked with broker partners Nurture Finance to provide just under £200,000 at 73 per cent loan to value.

A formal offer was then made in 17 days and an automated valuation model (AVM) was also used to complete the case, saving the client £340. 

Adam Atkin, CEO of Nurture Finance, said: “We were able to take advantage of an AVM, which came in higher than anticipated, and the non-represented legal route, cutting processing times dramatically.   

“From start to finish the application was smooth, faultless and well received by my client.” 

 

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