Shawbrook has completed a £85,000 refinance on a BTL remortgage for a new customer in under one week.
The landlord was seeking to refinance a property in Stockton-on-Tees, County Durham.
Unicorn Commercial Finance submitted the case on behalf of the customer via MyShawbrook, where the lender’s online application system provided automated credit checks and an AVM so a formal mortgage offer could be issued four working hours later, confirming the loan amount, including £18,000 capital raise on a 10-year interest only term, fixed for five years.
The full application was submitted on a Wednesday evening with completion taking place the following Tuesday.
Dylan Bleasdale, regional development manager at Shawbrook, said: “This case is a prime example that the remortgage process doesn’t have to be long and stressful.
“I’m confident that this is just the first example of a journey that more of our customers will experience, and that we’ll continue to improve.”
