Rely secures instant BTL remortgage offer

Rely has helped a broker secure an instant remortgage offer for a landlord seeking to move away from a standard variable rate as quickly as possible.

The lender, part of the OSB Group, helped Premier Finance & Mortgages secure the solution.

Using Rely’s lending platform, the case met the criteria for an automated valuation model and progressed straight to offer once fees had been paid.

The mortgage was completed four weeks later.

The case involved an owner occupier with a single BTL property, a higher-rate taxpayer with a strong credit profile who was borrowing at around 65% LTV.

“We’re focused on making it easier for brokers to place business with us, and this case highlights how Rely’s lending platform can help deliver a quick, simple and efficient experience for both brokers and their clients,” said Adrian Moloney, group lending distribution director at Rely.

“By combining technology with specialist lending expertise, we’re helping brokers secure positive outcomes for their clients while reducing administration and improving the experience for everyone involved.”

Pani Liondaris, senior mortgage manager at Premier Finance & Mortgages, added: “The client and I were both extremely pleased with the speed of the offer.

“The client was on an SVR rate and wanted to complete as soon as possible, so receiving an offer so quickly was a real benefit.”