Castle Trust Bank completes £1.3m refinance loan within nine hours of offer

    Modern HMO
    Castle Trust Bank has recently completed on a £1.3m refinance loan on a large multi-unit freehold block (MUFB) in London within nine hours of issuing the offer.

    A rapid turnaround was required on the case, and was achieved through efforts by the internal team and new legal partner Russell-Cooke Solicitors.

    Anna Lewis, Commercial Director, said: “We were delighted to be able to get this urgent case over the line so quickly for this client.

    “Our new dual-rep arrangement with Russell-Cooke helped smooth the path for the transaction, and our use of DocuSign ensured there were no last-minute hitches when it came to signatures.

    “It’s a great example of how our knowledgeable and dedicated internal team works closely with our business partners to help achieve their clients’ goals.”

    Mark Toland, senior associate at Russell-Cooke, added: “This was one of our first completions with our newest lender partner Castle Trust Bank, and it turned out to be one of our fastest yet.

    “The experience, speed and communication from all involved ensured that the £1.3m dual-rep refinance, which absolutely had to happen that day, meant that our borrower avoided hefty interest and penalty payments from their existing lender.

    “I’m looking forward to working with the team at Castle Trust Bank on future cases.”

    Mortgages
    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Your clients’ property may be repossessed if they do not keep up repayments on a mortgage or any other debt secured on it. Loans are subject to status, terms and conditions.

    Castle Trust Bank means Castle Trust Capital plc, a company incorporated in England and Wales with company number 07454474 and registered office at 10 Norwich Street, London, EC4A 1BD. Castle Trust Capital plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under reference number 541910. Buy to Let is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

    © 2024 Castle Trust Bank. All rights reserved.

    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Please confirm that you are an intermediary before accessing information on this website.

    Go back
    Confirm