Fast completion on auction purchase using our AVM solution

Our AVM range enabled a portfolio landlord to meet a tight auction deadline whilst securing a competitive rate.

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

Challenge

A landlord secured a promising buy-to-let property in the North West at auction. With the standard 28-day completion deadline looming, time was tight.

Due to the client’s financial situation and the property being in good condition, they were reluctant to secure the property with bridging financing and instead wanted a standard buy-to-let mortgage. The client needed a lender to take a practical approach and move quickly. The broker turned to us to help make it happen.

Solution

Our auction experience and flexible underwriting meant we were well-placed to support this case, but our AVM (Automated Valuation Model) product made all the difference.

By using an AVM, we removed the need for a physical valuation, saving valuable time and allowing us to move the application forward at pace.

We worked closely with the broker and legal team to keep everything moving efficiently and ensure the case remained on track for auction completion.

Outcome

Thanks to our AVM product and proactive case management, the mortgage offer was issued without delay, and the client completed within the 28-day auction deadline. They secured a competitive five-year fixed rate through their limited company and added another high-yielding property to their portfolio.

Impressed with the speed and support from our team, the client has since returned to their broker with plans for another purchase, and we’re ready to assist again.