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Loan for auction purchase completes seven days from offer

02 November 2017
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Product: R10.1
Loan amount: £127k
LTV: 75%

This £127k residential investment case was completed within a challenging timeline. Brokered by Investment and Business Mortgage Company LLP, the customer was looking to raise funds to buy a property at auction.

The broker submitted the initial application by E-AIP, our online system. E-AIP is available 24/7, provides an instant IMO, and allows brokers to view their case list on a clear, convenient dashboard. The application was referred for further analysis, but all issues were resolved within four hours. Solicitors were instructed on the same day and signed offer documents received the next, with completion taking place three days ahead of schedule.

Highlights

  • rates from 2.99% above 3m LIBOR
  • up to 75% LTV
  • loan terms from 3 to 30 years
  • 0.25% existing customer discount available (on margin or arrangement fee)

‘I was really impressed by the service I received from everyone at Shawbrook. Their people were helpful and professional, and made the entire process as straightforward as possible.’

Alan Bedwell, customer