Arbuthnot Specialist Finance Limited (ASFL), the short-term property finance arm of Arbuthnot Latham, is pleased to announce it has assisted in the completion of an auction purchase for a five bed HMO property in Grimsby which was subject to a strict 14 day completion.
The ASFL team worked closely with broker partner, Finance House Solutions, to ensure an efficient & effective process from application stage to completion. This seamless operation allowed the client, a first-time landlord, to complete within the extremely tight deadline.
Using ASFL’s Residential Investment Product, the deal is on a six month interest only term at 70% LTV.
Steven Wallis, Head of Portfolio Management at Arbuthnot Specialist Finance, commented: “This loan demonstrates ASFL’s ability to work efficiently with brokers to ensure clients are properly supported when purchasing properties at auction. It was a pleasure to work with Finance House Solutions and the client to get this deal over the line in such a short period.
Perminder S Ghataore, Managing Director at Finance House Solutions, added: “This was a truly seamless operation. The business development manager’s straightforward guidance combined with the lending and processing team’s understanding and desire to meet expectations allowed for an efficient and effective process from start to finish. Despite the extremely tight deadlines, the professionalism and patience of all involved allowed us to get the deal over the line without delay.”