First Dual+ Completion Showcases Exactly What the Product was Made For

A recent completion of a Dual+ deal perfectly demonstrates what the product is designed to achieve — combining market-leading features, competitive pricing and streamlined processes with relationship-led delivery.

This transaction involved a £79,000 purchase and refurbishment facility at 75% LTV from day one, priced at a competitive rate of 0.79%, with interest deducted to further enhance affordability.

Secured at auction, the residential property in Stoke-on-Trent will now undergo light refurbishment works, with 100% of build costs funded in arrears, with the borrower intending to sell the property once the refurbishment works are completed.

The borrower has a proven track record in delivering refurbishment projects and a clear exit strategy, enabling them to transition efficiently onto their next project.

A desktop valuation was returned in under 48 hours, with terms issued the same day. Early due diligence during the upfront packaging stage meant that all but one condition was satisfied prior to legals, significantly accelerating the process.

The case utilised dual representation and full title insurance, helping to streamline the legal process. A solicitor acted for both parties, working efficiently to avoid communication barriers while ensuring the best interests of both the borrower and us were maintained.

National Account Manager David Weir managed the broker relationship throughout, while Underwriter Cheryl Smyth worked closely with the borrower, valuers and dual-rep solicitors to ensure a smooth and efficient completion.

Emma Burley and Emily Fitzsimmons of Express Mortgage Services, who has successfully completed with us previously were highly responsive throughout, returning requested information promptly and helping drive the case forward.

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