Rely has supported a £2.1m long-term mortgage financing deal in partnership with Carbon Funding Consultants (Carbon FC).
The case involved a new gated development of four high-end rental homes held under a single title, forming a newly created investment portfolio.
The client approached Jade Martell, mortgage broker at Carbon FC, after another lender was unable to proceed due to a policy restriction.
With nine weeks remaining before the expiry of the development finance facility, Jade had to source a lender to refinance and transition the borrowing onto a long-term BTL solution.
Having worked together on a previous case, Jade engaged Nathan Chand, BDM at Rely, who quickly confirmed the case fell within lending policy.
Rely then worked closely with Carbon FC to progress the case at speed.
Despite the challenge of completing over the 2025 festive period, Rely finalised the deal a working week ahead of deadline, avoiding additional development loan fees and securing the client’s long-term investment strategy.
Adrian Moloney, group lending distribution director at OSB Group (pictured above), said: “Jade and Nathan did a fantastic job to turn the case around within a tight timeframe, and it really showcases the value of our in-house expertise.
“The development itself represents a high-quality addition to the rental market and highlights the true capabilities of Rely.”
Jade commented: “This was a rewarding case and a great demonstration of what Rely can deliver.
“With only nine weeks before the development loan expired (and over the Christmas period) it completed in just eight weeks, comfortably ahead of schedule.
“This wasn’t a simple AVM-led case either; it required a long-form valuation, making the outcome even more impressive.”
