Specialist buy-to-let lender Rely has completed a remortgage in five days, from application in principle to funds being released.

The case involved a single ex-local authority flat owned by a non-portfolio landlord.

The borrower had originally bought the property using bridging finance and carried out refurbishment works before seeking a longer-term exit through a remortgage with Rely.

The case was progressed through a physical valuation and manual underwriting, with Rely business development manager Helen Comben working with Solomon Steiner, mortgage broker at Mynt Finance, to keep the transaction moving.

Ex-local authority properties can present additional considerations for lenders, but Rely said the case progressed smoothly, supported by its approach to underwriting and case assessment.

The lender said the transaction underlined the role of bridging finance for investors acquiring and improving property before refinancing. Data from Bridging Trends showed around 20% of bridging loans in Q1 2026 were used for investment purposes.

Adrian Moloney, group lending distribution director at Rely, said: “Timelines and certainty are critical for landlords looking to transition from short-term finance to a longer-term solution.

“This case is a strong example of how close collaboration between broker and lender, combined with a pragmatic approach, can deliver exceptional outcomes at speed.”

Solomon Steiner, mortgage broker at Mynt Finance, added: “From the outset, the process was clear and well managed by the Rely team, which played a key role in achieving such a fast turnaround.

“Rely’s BDM, Helen Comben was extremely supportive, responsive and actively involved throughout.

“To get this over the line in only five working days and to the client’s requirements was exceptional.”