Shawbrook has completed a digital BTL case for its strategic partner CPC Finance in six days.
The client — a portfolio landlord — required a property refinance and a capital raise on a single dwelling house in south east London.
Through using the lender’s ‘MyShawbrook’ digital portal, the landlord received the formal mortgage offer within 48 hours.
Shawbrook completed the £319,000, 75% LTV loan for a five-year fixed, 20-year term, six working days after the case submission.
Julie Griggs, director at CPC Finance, said: “It was a simple, efficient and seamless journey for both the client and ourselves.
“Shawbrook have invested in their digital journey, and it continues to benefit us through reducing the time taken on a manual application, allowing us to provide answers and information to our clients at speed.”
Daniel Standing, national relationship manager at Shawbrook, added: “For cases that are relatively straightforward and speed of decision is the critical factor, we’re pleased that our investment in technology is helping to enable our brokers and their clients to capitalise on opportunities as and when they arise.”
Shawbrook’s portal offers straightforward cases auto-decisioning, AVMs and non-represented legals.
