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.”
