Below is an update from West One, the Bridging, BTL, Commercial, and Seconds Mortgage lender, that you can access via our specialist mortgage team. Contact our team today for more information.
Announcement
Recently, we helped a broker secure a same-day residential remortgage for their client who was looking to capital raise for home improvements and consolidate debt. With a below-average credit score and minor credit blips related to an unsecured loan, they needed a specialist finance solution.
We helped the homeowner clear an existing first and second charge mortgage and secure an £87,000 remortgage at 51% LTV in less than 24 hours. Despite their credit profile we were still able to structure a deal on our Prime Plus product.
The application came in, the property was valued via AVM, our legal team got to work, our underwriter homed in on this case, and the offer was submitted, accepted, and completed the very same day.
With industry average completion times at no fewer than 4 weeks, this was a feat made possible through our exceptional fast-track legal service, which is free for remortgage customers.
How our fast-track remortgage service gets deals done fast:
- Possible on loans up to £750,000 up to 97.5% LTV
- Expert underwriting team
- In-house legal team
- AVMs for loans up to £750,000 (max 85% LTV)
- Same day pay out
Average completions for remortgage cases using the fast-track legal service are achieved within 9 days of the offer being issued to the broker.