RAW Capital Partners has delivered a buy-to-let (BTL) mortgage in four days to ensure that a client had the necessary funds to complete on an investment.

A broker came to the firm seeking a BTL mortgage for a client who was in urgent need of finance after a loan with a different lender fell through.

The client was due to complete on a purchase of a BTL property in Manchester in four days’ time. RAW’s origination team reviewed the circumstances and agreed to take the case, with terms agreed and issued in the same afternoon.

The lender’s credit team agreed that a desktop valuation would be sufficient, with both the valuers and solicitors being instructed.

The BTL mortgage was delivered to the client within four days of the broker’s enquiry being received, allowing them to complete on the purchase.

Managing director at RAW Capital Partners, Ben Nichols, said: "Much is made of lenders’ speed in the specialist lending sector, and while it’s certainly not the be all and end all, there’s no denying that cases arise where speed is very much of the essence.

"This is a perfect example – it’s common that loans fall through at the eleventh hour, requiring another lender to step in and ensure a deal does not collapse, which would result in stress, lost fees and missed opportunities.

"An agile approach to reviewing enquiries is essential, and this has to span everything from origination and KYC through to underwriting and delivery."

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