Rely delivers instant offer for urgent buy-to-let re-mortgage
Rely, the specialist buy-to-let lender and part of OSB Group, has helped broker firm Premier Finance & Mortgages secure an instant offer for a landlord client looking to move away from a standard variable rate and complete their re-mortgage as quickly as possible.
Using Rely’s lending platform, the case met the criteria for an automated valuation model (AVM) and progressed straight to offer once fees had been paid. The mortgage completed four weeks later
The case involved an owner occupier with a single buy to let property. The client was a higher-rate taxpayer with a strong credit profile and was borrowing at around 65% loan-to-value.
Adrian Moloney, group lending distribution director, Rely said: “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. 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, Premier Finance & Mortgages said: “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.”