Shawbrook the challenger bank has reported that it has issued terms on a second charge mortgage in 24 hours.
The second charge mortgage was offered to provide a consolidation for other debt and also to raise some capital for renovations.
Gavin Seaholme (pictured), head of sales at Shawbrook Bank, added: “This case has demonstrated how we are navigating the current obstacles in the lending market to ensure we continue to be the safe pair of hands that our brokers need us to be.
“This one-day offer is a testament to both the hard work from the Shawbrook team, and the excellent packaging by Fluent Money.”
The loan terms were issued in April during the lockdown for COVID-19.
Matt Lenzie from Commercial Mortgages Broker said: “Shawbrook continue to offer a prompt and efficient process for borrowers, which inevitably is required at an extremely uncertain economic time. Getting terms issued in 24 hours is clearly a speedy process, hopefully the team will continue to be able to deliver at this speed. Shawbrook offer a number of innovative processes and products for property investors, particularly for second charges, HMO Finance and development finance.”