Shawbrook completes remortgage of a 25-property portfolio

Shawbrook completes remortgage of a 25-property portfolio




Shawbrook has completed a £5.8m remortgage of a 25-property portfolio .

Shawbrook has completed a £5.8m remortgage of a 25-property portfolio.

The deal, introduced to Shawbrook by broker Bespoke Business Finance, met an initial stumbling block when the valuation of the portfolio came in lower than expected.

However, the client was an experienced long-term investor and, despite minor historic county court judgements on the client’s copybook, Shawbrook completed the deal at a loan-to-value of just over 70%.

Steve Williams, Partner at Bespoke Business Finance, said: “Shawbrook’s ability to process this case to completion within just over a fortnight of receiving the valuation report was very impressive indeed.

“I found it especially useful that Shawbrook’s Credit Relationship Manager, Tim Rist, was able to visit my client in SW19 at a location convenient to them at short notice.

“The communication between Tim and his colleagues at Shawbrook was clear and paramount in achieving the ambitious timescales we set.” 
 

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