The loan - at 76% LTV for £151,500 - was completed via Shawbrook Broker Partner Alderbrook Financial Solutions, who received an instant AIP for their client via the Bank’s “E-AIP” online application system for Residential and Commercial applications. This instant IMO ensured the case progressed efficiently from an early stage, with a valuation booked in for two days later.
Upon receipt of the valuation report and with no serious issues to address, the Lending Manager on the case sanctioned an FMO the next day. Alderbrook Financial Solutions’ client also paid the commitment fee immediately and, with the loan being approved by solicitors in just 24 hours, it completed shortly thereafter.
The broker, Kinak Thakore of Alderbrook Financial Solutions commented:
“My client was eager to raise capital on their existing property in Coventry. I work with a range of lenders to ensure my clients receive the best possible deal for their individual needs – in this case, that lender was Shawbrook Bank.
“I was impressed throughout by the intelligent lending decisions made by the Shawbrook teams. Their common sense approach, combined with the efficiency of the valuation and legal process resulted in the desired outcome for my client.”
Emma Cox, Sales Director for Shawbrook Commercial Mortgages added:
“Ensuring a straightforward, positive case journey for our brokers’ clients is important to us here at Shawbrook.
“With just 17 days between issuing an instant IMO and completing on the loan, the lending team on this case lived up to our high standards. Our thanks also go to the broker, Alderbrook Financial Solutions for their expertise in achieving a quick completion for their client.”
