AVM delivers a quick offer on leasehold flat

AVM and BDM support helps fast-track a standard flat purchase rented as a small HMO to mortgage offer in just four days.

Product type: Standard
Location: North Essex
Product:  AVM Standard 5-Year Fixed

Challenge

Speed was essential. The client needed a mortgage offer quickly, and the property, while a standard 2-bed flat, would be rented out as a small, unlicensed HMO.

Many lenders would have declined or referred the case, but with our criteria, we treated the case as a standard buy-to-let, unlocking a cheaper rate and access to an automated valuation.

Solution

Our BDM worked closely with the broker, offering guidance on structuring the case for a smooth and successful outcome.

The case moved even faster thanks to our AVM solution, which removed the need for a physical valuation, cutting time and cost. With direct access to the underwriter, any queries were resolved quickly, ensuring the application progressed without delay.

The broker saved time using our intuitive portal, easily uploading documents with a simple drag-and-drop.

Outcome

Fast, efficient, and cost-effective. The case was submitted on Thursday, and the landlord client received their mortgage offer by Monday.

The broker and client were delighted with the tailored support and quick turnaround. Another strong example of our AVM solution and hands-on service delivering results.

Amazing service from everyone I have spoken to at Landbay and such a smooth and easy application journey!