The loan was an RI0.1 product for simple residential investment for a 25-year period at 75% LTV.
The client Alan Bedwell needed the loan to fund a property auction purchase.
The deal was brokered by Investment & Business Mortgage Company.
Using the Shawbrook’s ‘E-AIP’ online system, the broker submitted the initial application.
Underwriters, lending mangers and solicitors were then able to complete the lending process three business days ahead of schedule.
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Colin Slaney, director at Investment & Business Mortgage Company, said: “We have been a broker partner of Shawbrook’s for over a year now and, during that period, several of our clients have benefited from their knowledge and commonsense approach to lending.
“Mr Bedwell has only positive things to say about the bank’s people as well as their way of doing business and I can see why.
“With a tight deadline on the horizon, Shawbrook released funds with time to spare, an impressive outcome for my client and one which exemplifies their skill and efficiency when it matters most.”
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