Landbay turns around complex MUFB case within 28 days

MUFB purchased from auction needed a 28-day turnaround. Despite documentation issues, we went the extra mile to beat the deadline.

Product type: MUFB
Location: Salford, Manchester
Product: Small MUFB Tracker

Challenge

An MUFB purchased at auction needed a rapid 28-day turnaround. The applicant did not provide the correct documents and submitted conflicting information. Despite our best efforts, they were not responding to our requests and the deadline was fast approaching.

Solution

Continuous contact with the broker enabled us to work through the issues. Once we had the required information, our underwriters worked closely with the Completion Team to ensure the rest of the process moved swiftly.

Outcome

The deadline was met and completion took just 24 days. The broker was extremely impressed with how we resolved the issues and went the extra mile to beat the 28-day turnaround.

A multi-unit property bought at auction on a 28 day completion deadline. Conflicting information from the client buying using his Limited Company or in his personal name, but Landbay worked through those issues, got the offer letter out, and drew down within two days. When we needed someone to understand the transaction and go the extra mile, Landbay did.