BridgingNews

Shawbrook turns round loan for auction in 7 days

auction

Shawbrook’s Commercial Mortgages department has completed a £127k residential investment loan for the purchase of a property at auction.

Brokered by Investment & Business Mortgage Company the initial application came via “E-AIP”, Shawbrook’s online system for Residential and Commercial Investment applications.

Colin Slaney, director at Investment & Business Mortgage Company LLP, said: “We have been a Broker Partner of Shawbrook’s for over a year now and, during that period, several of our clients have benefited from their knowledge and common sense approach to lending.

“The client has only positive things to say about the Bank’s people as well as their way of doing business and I can see why. With a tight deadline on the horizon, Shawbrook released funds with time to spare, an impressive outcome for my client and one which exemplifies their skill and efficiency when it matters most.”

The client, Alan Bedwell was pleased by the service he received: “I’m an investor who has dealt with a range of banks and specialist lenders over the years. But I have to say, I was really impressed by the service I received from everyone at Shawbrook.

“Their people were helpful, professional and made the entire process as straightforward as possible. Shawbrook’s legal partners at Pure Law were also exceptional and highly efficient when it came to expediting the land registry requirement. All in all, a very good experience and a lender I would recommend to fellow landlords and investors.”

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