Digital Buy-to-Let case completes in just six days for professional landlord
We recently completed a Digital Buy-to-Let case for one of our Strategic Partners, CPC Finance, in only six days, helping their client to act fast on an opportunity to expand their portfolio.
At a glance
Streamlined case journey
We recently completed a Digital Buy-to-Let case for one of our Strategic Partners, CPC Finance, in only six days, helping their client to act fast on an opportunity to expand their portfolio.
The professional portfolio landlord required a property refinance with a capital raise on a single-dwelling house in South-East London. We understood the client needed to act quickly and through our MyShawbrook portal were able to provide this experienced landlord with a Formal Mortgage Offer within 48 hours.
We are able to deliver a streamlined process for more straightforward cases through our MyShawbrook portal that benefits from auto-decisioning, AVMs and non-represented legals. This means brokers are able to connect their clients with the funding they need faster, and for this landlord in particular, the loan was released into their account only six working days from case submission.
We don’t, however, rely solely on our technology to make decisions, and have built a team of professionals that are empowered to exercise their judgement when the technology can’t automatically say ‘yes’. We offer a personal service while understanding the importance of speed and efficiency for our customers. The speed of decision and surety of funding allowed this landlord to capitalise on the opportunity to grow their portfolio with a funding solution that worked for their portfolio.
Shawbrook have invested in their digital journey and it continues to benefit us through reducing the time taken on a manual application and allowing us to provide answers and information to our clients at speed. It was a simple, efficient and seamless journey for both the client and ourselves. Shawbrook have invested in their digital journey and it continues to benefit us through reducing the time taken on a manual application and allowing us to provide answers and information to our clients at speed.
Daniel Standing, National Relationship Manager at Shawbrook, said:
“We're delighted to have got this deal over the line at such a fast pace, demonstrating our commitment to supporting professional landlords with our digital platforms, backed up by the experience of our team.
Our team of experts are able to step in and support the technology where a case may sit on a borderline, maintaining the human aspect of what we’ve become known for. But for cases that are relatively straightforward and speed of decision is the critical factor, we’re pleased that our investment in technology is helping to enable our brokers and their clients to capitalise on opportunities, as and when they arise.”
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