We completed the deal in the time frames given! Success!
We were approached by Mike, an accountant and property investor, to fund the purchase of a property he had paid a 10% deposit on at an auction, in early December. He had four weeks to complete which included the Christmas and New Year period.
We do a deal for Mike every 2-3 months, as he is very active in the property market as he is looking to grow is property portfolio in 2017. We presented this deal to a new lender, who did a desktop valuation, and they issued terms within 24 hours, which were agreeable to Mike who instructed RFL to advance the deal to legals. We completed the deal in the time frames issued by Mike and succeeded.