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Complex Buy To Let

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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Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors. Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies. This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector. She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021. In her spare time, Shekina likes to read, travel, listen to music and socialise with friends. She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content. Follow her on Twitter at @ShekinaMS

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