Shawbrook, the specialist UK savings, development Finance, and bridging finance bank, has completed a a £27m buy-to-let refinance and capital raising deal. This was achieved within four working days of the offer being issued.
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The bank used its new E-signature technology, now available to buy-to-let, bridging and commercial customers, to send offer documents securely to the customer who could e-sign and return immediately.
The loan, eligible for a desktop valuation, was agreed at 75% LTV on a 10 year fixed rate.
Emma Cox, sales director at Shawbrook Property Finance, said: “A fast turnaround such as this is always a great achievement, but for a case of this size and complexity is extraordinary and a testament to the expert team on the case.
“We launched Esignature Technology last month and it is great to see the positive impact it’s already having on the customer journey. The client was overseas when the offer was made, so having to print and post documentation would have significantly prolonged the case. I’m delighted we could turn this around so quickly for them.”
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Last month, Shawbrook was announced as the Official Banking Partner of Saracens Rugby Club, starting a multi-year partnership with the Championship rugby union side
