Colenko and TWM complete Surrey deal in three days to beat stamp duty deadline

Published on

Specialist lender Colenko has completed a £570,000 bridging loan in three working days, enabling a client to secure an investment property in Surrey and avoid more than £6,000 in additional stamp duty charges.

The deal was completed using Colenko’s Fast Track product, which is specifically designed to deliver rapid completions for time-sensitive transactions. The product, which uses AVMs and title insurance in place of more traditional methods of valuation and due diligence, was key to achieving the fast turnaround.

The loan was underwritten by Jervace Ramsay-Linton, underwriter at Colenko, who structured the deal to meet the client’s tight deadline.

The legal process was managed by Will Macauley of TWM Solicitors, whose coordination across all stakeholders allowed the transaction to complete within the critical three-day window.

“Colenko’s Fast Track product is built for speed,” said Ramsay-Linton. “But it was Will and the team at TWM who truly made this deal possible. Their efficiency and ability to manage time-sensitive transactions are key to delivering successful outcomes.”

Macauley added: “Colenko’s Fast Track product gave us the tools to accelerate the process, but it was the seamless collaboration between all parties that enabled us to complete the transaction within just three days.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Buy-to-let lending sees strongest revival since mini-budget, says UK Finance

Buy-to-let mortgage lending surged in the first quarter of 2025, reaching levels not seen...

YBS Commercial raises BTL procuration fees and trims rates

YBS Commercial Mortgages has increased its buy-to-let procuration fee and made modest rate cuts...

Gen H the latest lender to lift loan-to-income caps

Gen H has announced a series of significant changes to its loan-to-income (LTI) policy...

Afin Bank officially enters UK mortgage market with underserved borrower focus

Afin Bank has launched a range of residential and buy-to-let products aimed at some...

HTB backs later-living community with £13.3m refinance deal

Hampshire Trust Bank has completed a £13.3 million facility to support the refinance and...

Latest opinions

Why the mortgage industry must digitise for the customer, not just for compliance

Home buyers today can manage their finances, verify their ID and even order a...

The BBC’s exposé isn’t news to mortgage advisers – but it might be to the public

Let’s be honest, for mortgage advisers, the recent Panorama investigation into conditional selling by...

Rachel Reeves rolls back mortgage rules: return to risk or reasonable reform?

Rachel Reeves is to roll back bureaucratic red tape introduced since the 2008 financial...

Reeves’ reforms are a welcome boost but the housing market must modernise

Rachel Reeves’ announcement marks a clear shift in housing policy, with measures that could...

Other news

Don’t build in fear – quality must come before quotas

“This is my message to housebuilders: get on with it. If you promise homes,...

Buy-to-let lending sees strongest revival since mini-budget, says UK Finance

Buy-to-let mortgage lending surged in the first quarter of 2025, reaching levels not seen...

YBS Commercial raises BTL procuration fees and trims rates

YBS Commercial Mortgages has increased its buy-to-let procuration fee and made modest rate cuts...