ChaseBlue Loans and Together have completed a complex £785,000 second charge buy-to-let deal in under than a week.
The client was a business owner and landlord who wanted to use two of the properties in his portfolio to secure a second charge interest-only loan for £785,000 to complete another purchase.
Nick Jones, national sales manager at Together, said the lender has a long-standing relationship with the packager.
He added: “The client needed an interest-only second charge loan and knew that we would apply our usual common sense approach when reviewing the application.”
Ben Gillespie, managing director at ChaseBlue Loans, said: “The speed of completion on this deal highlights the efficient partnership, with all involved working together to ensure the best outcome for the customer.
“Given that there were two properties used as security, there were some complexities, but we were able to complete within a week, ensuring the client could proceed with his additional purchase, further enhancing the value of his property portfolio.”
Together offers a residential, commercial and buy-to-let mortgages, short-term finance, auction finance and secured loans.