3 Day completion, 2 Securities, West ONE lender needed

 

  • Loan value
    £410,500
  • LTV
    44%
  • Rate
    1.15%
  • Loan term
    12 months

The Client

The borrower is an experienced landlord and property investor. They were looking to complete an auction purchase and use the bridging to undertake works to renovate the property.

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The Situation

An urgent completion - The client was looking to purchase a property as an investment via an auction.

The auction purchase was being processed by another lender, when the deal was declined halfway through the transaction which had taken weeks.

It transpired that the property had been involved in a back-to-back sale, something that the other lender wasn’t comfortable with. When West One was approached, we had just three working days to complete.

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The Solution

The BDM involved, along with underwriting and support teams understood the need for speed, and collaboration to secure the client's funds.

With a title indemnity and two securities West One took a pragmatic approach and conducted AVMs on these, despite works being undertaken on the property that was being purchased.

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The Benefit

The team offered a seamless process despite works being carried out on the purchase, both properties were allowed AVMs allowing us to get the loan completed within the required timeframe.

The Result

The client received the finance needed to purchase the new investment property, leaving a satisfied borrower and broker.

Client Testimonial:

"I can't thank West One Loans enough for their incredible support in helping my client secure financing for her property purchase. After another lender failed to meet the deadline, it left us with only three days to fund the purchase, West One truly went above and beyond.

Their team, including their outstanding solicitors, were not only professional but also incredibly human and open-minded. They worked tirelessly to find a solution that fit the unique situation, and their communication throughout the process was transparent and reassuring. What truly stood out was their commitment to ensuring everything was handled swiftly, while never compromising on quality or service to our client.

My client was able to move forward with her purchase without delay, all thanks to the quick thinking and dedication of the West One team. I highly recommend them to anyone looking for a lender who prioritizes their clients and finds real solutions."

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