Rely has completed a remortgage in five days, from application to funds being released.
The lender supported a non-portfolio landlord who owns a single ex-council flat.
This borrower had originally acquired the property using bridging finance, carrying out refurbishment works before seeking a longer-term exit through a Rely remortgage.
The case progressed through a physical valuation and manual underwriting, with Rely business development manager Helen Comben working closely with Solomon Steiner, the broker at Mynt Finance.
Rely was able to deliver a rapid turnaround, enabling the borrower to exit their bridge quickly and secure longer-term financial stability.
“Timelines and certainty are critical for landlords looking to transition from short-term finance to a longer-term solution,” said Adrian Moloney, group lending distribution director at Rely (pictured above).
“This case is a strong example of how close collaboration between broker and lender, combined with a pragmatic approach, can deliver exceptional outcomes at speed.”
Solomon added: “From the outset, the process was clear and well managed by the Rely team, which played a key role in achieving such a fast turnaround.
“Rely’s BDM, Helen Comben, was extremely supportive, responsive and actively involved throughout.
“To get this over the line in only five working days and to the client’s requirements was exceptional.”
