The Client
The borrower is a sole applicant, looking to remortgage, consolidate debt and reduce overall monthly outgoings.
The Situation
The clients was looking for multiple aspects regarding their residential mortgage and their expenditure, all within a short timeframe.
The borrower was looking to consolidate debt that was accrued during home improvement work and reduce monthly outgoings as part of the remortgage.
Our Solution
The fast-track remortgage service offered by West One aims to support those borrowers looking to complete in shorter timeframes. The legal work starts upon receipt of the application, meaning this differs from the traditional conveyancing process where legal work usually only starts once the offer has been issued.
From application to completion was a total of 8 days. The fast-track service offered by West One is provided by on site conveyancers using title insurance to speed up the process.
The Benefit
The borrowers benefited from using West One's fast-track remortgage service, which is designed to significantly speed up completion timescales for remortgage customers. By completing in 8 days the borrower was able to acquire the necessary funds and reduce their monthly outgoings.
The Result
By shortening remortgage timelines, and providing funds faster, the West One team were able to support the brokers and client, from receiving the application to completing the deal in just 8 days!
.png)
Related Case Studies
When less haste, and more speed is needed for a 16-day mortgage offer
£485K Loan Size 79.30% LTV 6.65% Rate 33 Years
Residential 1st Charge completed in 8 days!
£588K Loan Size 74.91% LTV 6.45% Rate 30 Years