TFC Homeloans completes BTL refinance in three working days
National specialist mortgage distributor TFC Homeloans, swiftly completed a £400K BTL refinance deal which collapsed in the final stages of completion resulting in the borrower needing immediate access to the funds.
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Working closely with Lancashire Mortgage Corporation, TFC Homeloans were able to move the case from agreed to offered in just 18 hours resulting in the funds being released within 3 working days.
TFC Homeloans’ experienced team knew this type of case would be considered by Lancashire Mortgage and worked resolutely to negotiate new terms within a tight deadline.
Andrew Brown, Director of TFC Homeloans said:
“Our knowledge of the BTL market and close relationships with our lender panel allows us to find solutions for even the most unique cases.
As soon as this case was presented to us we knew we would need to look to a lender such as Lancashire Mortgage who pride themselves on offering instant decisions at competitive rates. Lancashire Mortgage is able to accept a wide range of income sources which is why they’re ideal for cases which require a fast turnaround such as this one.”
Gary Bailey, Lancashire Mortgage Corporation said:
“It is not unusual for us to see cases where the customer requires a quick alternative finance solution in the late stages of a transaction. Due to our expertise and commitment to meeting the deadline, both companies were able to review this case quickly together and organise finance for the customer."
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