Afin – First Completion! And what a complex one to start with…

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First Completion Milestone🏠

We’ve officially completed our very first mortgage case, and what a complex one to start with!

The scenario

  • The customer had purchased their property outright using company funds from their limited company
  • They needed to refinance quickly to replenish the company pot for tax planning
  • Their existing lender dropped out mid-transaction
  • To make things trickier, the business had just signed a new contract that wasn’t reflected in the previous year’s accounts

How me made it happen

 

✅ Day 1 remortgage accepted*
✅ Flexible purpose to allow repayment of a Director’s loan
✅ Latest year’s income figures considered
✅ Re-type of the existing valuation, saving time and cost
✅ Up to 80% LTV on loans up to £1m

 

* Afin bank has no minimum ownership period on remortgage

The outcome

 

Despite the hurdles, with the right lender and clear communication, even the toughest cases can cross the finish line.

 

Sharing the experience, Claire Larsen at Just Money UK said:

 

“We received the offer just 10 days after being let down by the previous lender. James Briggs and Swaraj Dada helped every stage to get this one through smoothly. This has given us the confidence to roll Afin bank out to our intermediaries. Great effort, team!”

Got a tricky specialist case on your desk?
Reach out to James Briggs or Tippie Malgwi to see how Afin Bank can support you.