Rely has completed a remortgage for a portfolio landlord in just 6.5 working days, from application through to completion and funds released.
The case involved a single residential property that had recently undergone refurbishment works funded by a bridging loan.
After the renovations, the landlord wanted to switch quickly to a term product to reduce bridging costs.
The remortgage included an onsite valuation and a more detailed underwrite because of the size of the client’s portfolio.
Adrian Moloney (pictured), group lending distribution director at Rely, said: “This case is a great example of how Rely delivers across all areas of buy to let.
“Although the client is an experienced landlord with 12 properties in their portfolio, this application related to a single residential buy to let property, demonstrating our expertise across all landlord types, from first time landlords to portfolios.
“Every case is approached with the same level of specialist knowledge and professionalism.”
Joel Gross, mortgage broker and director at Gross Finance, said: “Since Rely entered the market, their combination of intuitive technology and pragmatic underwriting has been a gamechanger.
“For this specific case, the speed was critical; moving a client from bridging to a term product in just 6.5 days is almost unheard of in the current climate.
“Rely has rapidly become my first port of call for specialist buy to let because they don’t just offer competitive products – they deliver the certainty and pace that my clients demand.”