TFC Homeloans has revealed that it completed a £400,000 buy-to-let refinance deal which had collapsed in the final stages of completion, resulting in the borrower needing immediate access to the funds.
Working closely with Lancashire Mortgage, TFC Homeloans was able to move the case from agreed to offered in 18 hours, resulting in the funds being released within three working days.
Andrew Brown, director of TFC Homeloans, said: “Our knowledge of the buy-to-let market and close relationships with our lender panel allows us to find solutions for even the most unique cases.
“As soon as this case was presented to us we knew we would need to look to a lender such as Lancashire Mortgage who pride themselves on offering instant decisions at competitive rates. Lancashire Mortgage is able to accept a wide range of income sources which is why they’re ideal for cases which require a fast turnaround such as this one.”
Gary Bailey, sales and marketing director of Lancashire Mortgage, said: “It is not unusual for us to see cases where the customer requires a quick alternative finance solution in the late stages of a transaction. Due to our expertise and commitment to meeting the deadline, both companies were able to review this case quickly together and organise finance for the customer.”
