RAW Capital Partners has issued a £1.3m BTL mortgage in 10 days.
A London-based broker approached RAW for a BTL mortgage after another lender’s loan fell through.
The borrower, who was based in the Far East, needed an urgent mortgage solution worth £1.3m to complete on the purchase of two London properties.
The broker contacted RAW on WhatsApp at 6pm on Tuesday. RAW reviewed the case and the credit committee approved it by 8:45am the next morning.
Valuations took place the next day, and the lender then issued formal documentation to the borrower’s solicitor.
The mortgage was delivered the following week, allowing the client to complete on their purchase within the 10-day period and avoid losing out on fees they had already paid during the process.
Tim Parkes, CEO at RAW Capital Partners (pictured above), said: “Clients and brokers alike are obviously delighted when you can help at short notice with a mortgage, particularly if it gets them out of a hole.
“In this case, the borrower could have lost out on a great opportunity, as well as a significant amount of money due to lost fees.
“It’s fabulous to get 2025 off to a flying start with a fantastic client story and build on our relationship with the broker.”
