Specialist buy-to-let lender and part of OSB Group, Rely, has announced that it has helped broker firm Premier Finance & Mortgages secure an instant offer for a landlord client looking to exit a standard variable rate and complete a remortgage as quickly as possible.
The client held a single buy-to-let property and was an owner-occupier. A higher-rate taxpayer with a strong credit profile, the borrower was taking the remortgage at around 65% loan-to-value.
Using Rely's lending platform, the case qualified for an automated valuation model (AVM) and moved straight to offer once fees had been paid. The mortgage completed four weeks later.
"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 (pictured).
"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."
For the broker handling the case, the speed of the offer was the defining factor.
"The client and I were both extremely pleased with the speed of the offer," said Pani Liondaris, senior mortgage manager at Premier Finance & Mortgages. "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."
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