“This case is a great example of how Rely delivers across all areas of buy-to-let”
– Adrian Moloney – Rely
Specialist lender Rely has delivered a rapid refinancing deal, completing a remortgage in just 6.5 working days from application through to funds release.
The case involved a single residential investment property that had recently undergone refurbishment works funded through bridging finance, with the landlord seeking to exit quickly to reduce ongoing costs.
Despite the added complexity of an on-site valuation and a more detailed underwriting process linked to the borrower’s wider portfolio, the transaction progressed swiftly to completion. The landlord, who holds 12 properties, moved the asset onto a term product shortly after works finished, reflecting how buy-to-let lending is increasingly being used to support faster refinancing decisions after refurbishment projects.
Speed in buy-to-let lending process
Adrian Moloney, group lending distribution director at Rely (pictured), said, “This case is a great example of how Rely delivers across all areas of buy-to-let. Although the client is an experienced landlord with 12 properties in their portfolio, this application relates to a single residential buy-to-let property, demonstrating our expertise across all landlord types, from first-time landlords to portfolios. Every case is approached with the same level of specialist knowledge and professionalism.”
Joel Gross, mortgage broker and director at Gross Finance, said, “Since Rely entered the market, their combination of intuitive technology and pragmatic underwriting has been a game-changer. For this specific case, the speed was critical; moving a client from bridging to a term product in just 6.5 days is almost unheard of in the current climate. Rely has rapidly become my first port of call for specialist buy-to-let because they don’t just offer competitive products – they deliver the certainty and pace that my clients demand.”
The case highlights how lenders competing in buy-to-let lending are increasingly differentiating on turnaround times as well as pricing, particularly where borrowers are transitioning out of short-term bridging arrangements.
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