Category: Bridging
Using the app brokers can use a loan calculator, Skype call an underwriter, upload valuation reports and documents, and use a mobile-tailored application form.
Timms has joined from NatWest after working at Which? and London and Country, Makwana joined from Barclays and Dowson was hired from from Virgin Money.
In four of the six months it achieved consecutive record months in terms of value and volume of loans written.
The trio are joining the 15-member Manchester team as senior underwriters.
The client had exchanged contracts on a property and paid a large non-refundable deposit – however she hadn’t had any firm offers on her £2.8m property.
The product is available up to £1m with a maximum loan-to-value of 70% and an early repayment charge free period of 12 months.
Completions were completed in Suffolk, the Midlands, Shropshire, Kent and Essex.
McBriar is currently managing director of Manchester-based Adapt Finance.
Enver joins from house.com where he was acquisitions manager.
Alternative also highlights that creating new banking relationships is not easy despite governmental support.